What is globalization in business?

What Is Globalization? Globalization is the increase in the flow of goods, services, capital, people, and ideas across international boundaries, according to the online course Global Business. “We live in an age of globalization,” says Harvard Business School Professor Forest Reinhardt, who teaches Global Business.

Why is globalization important?

In addition to new challenges and international tensions, purposeful expansion has brought new jobs, customer audiences, and economic opportunity. What Is Globalization? Globalization is the increase in the flow of goods, services, capital, people, and ideas across international boundaries, according to the online course Global Business.

What is a globalization strategy?

Globalization strategies are long-term plans guiding business development and expansion outside domestic markets and into other countries. In many instances, your globalization strategy will lean more towards one or the other, with greater localization or a greater degree of similarity from market to market.