The Impact Of Globalization And The Global Integration Of Business

The greatest management thinker Peter Drucker (1909-2005) predicted the business globalization phenomenon. In one of his famous quotes, he had already visualized the turnaround that man would do in the business world "the best way to predict the future is to create it" (Peter Drucker Quotes). The internet was crucial to the success of globalization, and it has also helped in every process of global integration of Business. However, the globalization is not a new subject, the older people used to market through the barter to obtain the exchange of goods and services. Globalization has been important in the life of every person on the planet, and it has contributed to the overall growth of all nations. Multinational corporations have profoundly impacted the Business of the globalization process, and they have participated …show more content…
Multinational corporations have been stronger than many states and countries. The formation of economic blocs has brought many advantages for multinational corporations such as reduction of import aliquots. Even though some multinational corporations are already using the triple bottom line to demonstrate to all interested investments in social, environmental, and financial, the global crisis is contributing to the leaders rethink more urgency in new strategies because they are realizing that the process of globalization has created a hole in society with rising unemployment and increased social inequality and they will have to prove to the population that they are more concerned with factors involving society and the planet than with products and services. In this paper, we 'll see what corporate leaders are doing to continue investing in the management of international