MOIGC Assignment 1 Example | Topics and Well Written Essays - 2000 words

MOIGC 1 - Assignment Example Opportunities for currency exchange as well as mediums of communication have developed from the introduction of internet. More people can make international visits without any hazards and take advantage of currency exchange. Enterprises can communicate well through the development of systems of communication and office automation. There are more advantages than disadvantages of globalisation. It has shown a positive trend of development till date. Globalisation will most certainly bring in bright changes in the world and make it more powerful in the near future. The assignment here highlights all these points in a comprehensive manner, so that the idea of this business assignment can be translated in a more appropriate way. Globalisation has become an inevitable part of the world economy. This can be stated from trades that take place between various countries in different parts of the world. From past evidences, it can be easily understood that global economy was existent from a long period of time. Explorers had to face various risks to conquer new places and resources found there. A new age or era seemed to emerge from imperialism of the 19th century (Gibbert and Durand, 2006). Globalisation contributed in building an era, where different nations directly competed with each other. A lot of changes took place, encompassing development of the underwater cables of telephone, steam ships that are iron hulled and screw driven, radio, satellite technology and the most vital of all is the internet. These technologies have proved to be helpful as the process of communication became easier and faster for the whole world. It was available at any time and from anywhere. In organisations, introduction of the pr oduction line and association of the same with scientific management enabled mass production (Hakansson and Waluszewski, 2007). As a result of this, manufacturing levels of the third world companies became cheaper than the