The Study of International Business Is Fine If You Are Going to Work in a Large Multinational Enterprise, but It Has No Relevance for Individuals Who Are Going to Work in Small Firms

Published: 2021-06-29 06:56:07
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Category: Business

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QUESTION 2:  "The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms."  Evaluate this statement.I will not agree with the statement above, as in the current era globalisation and international trade is at its peak.Google defines ‘Globalisation’ as “the process by which businesses or other organisations develop international influence or start operating on an international scale.” Personally I would describe globalisation as a term which is used for describing the sharing and availability of good, services, technology and resources around the world.Small businesses are privately owned corporations partnerships or sole proprietorship. A business is determined to be small by the number of employees, the revenue generated per annum and assets owned at the end of the financial year. Depending on the locality of the business, these conditions may vary.SMEs have flourished a great deal in the last decade because of the globalisation. This has also been affected a lot because of the advancement in technology bridging the gap in communication. Finding ways to cut down spending on products and services for individual consumers and corporations is easier because of globalisation. Problems can be solved much more efficiently and cost effectively because of the globalised world we live in.

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