The Effects of Globalization on Strategic Management Planning
Nowadays, globalization is one of the inherent element of the 21st century and a great factor influencing many business strategies all over the world. According to Karl Heil, globalization “refers to growth of trade and investment, accompanied by the growth in international businesses, and the integration of economies around the world”. Richard Lynch claims that globalization within business framework is viewed in consideration with its two major characteristics: an increase of interdependency between different countries and it is multi-faceted quality with diverse business aspects (Lynch, 2014).
As it is claimed that “the key to understanding the emerging world view ...