Globalization Defining Globalization and Its Term Paper

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The fact that businesses of all sizes and from all industries are striving to be more global than ever is acting is also acting as a major catalyst of change, pushing individuals and cultures together in the pursuit of business strategies and initiatives. Dr. Michael Porter's Competitive Advantage of Nations (pg. 73, 74, 75) presents the determinants of competitive advantage, a framework for evaluating globalization. His framework, often referred to as the Porter Diamond, is a useful analytical construct for putting the many forces of globalization into perspective.

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The many sociocultural influences of globalization, the changing political landscapes of formerly communist nations including China, and the inevitable migration of production globally to the locales that offer the lowest cost per labor hour are concerted in their definitions using Dr. Porters' model. Globalization's many effects on nations happen much more immediately at the personal level, and no discussion of this market dynamic is complete without a thorough review of experiences at the individual level first......

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