What do you believe to be the main force driving change in the Essay

What do you believe to be the main force driving change in the International Business Environment - Essay Example The traditional ways of transacting businesses are becoming obsolete due rapid changes and inventions. Cultural, political, environmental, and economical forces characterize globalization and have great impact in the international business environment. Introduction Globalization is the process by which people all over the globe are interconnected into one village such that an occurrence in one part of the world will have a direct impact on the other part. Major changes in international business environment and business operations are because of globalization of business. Today, several significant transformations can be observed in the international business environment and most of these transformations are occurring spontaneously. The changes are unpredictable and inevitable such that one transformation is leading to emergence of more numerous changes. Similar to industrial revolution that completely transformed business environment in Europe, these transformations are necessary in both their outcome and magnitude. The main transformation includes increased competition, rapid changes, and increased use of computers and adoption of sophisticated information technology and networks. Investors or rather employers need to learn the new principles of success, and keep reinventing the objectives of the business (Batra and Dangwal, 2005, p.88). People from different states have developed similar tastes and preferences leading to homogeneity of needs. Globalization encompasses numerous processes by which, institutions, money, people, goods, and services are able to cross territorial or domestic boundaries freely Globalization as a process is a result of sociocultural, political, economic, and technological forces. Globalization is mostly used to mean economic globalization, which is the connectedness of world economies into international economy though exchange of goods, capital investment, migration, and increased use of technology (Brooks and Weatherston et al., 201 1, p.165). The continuing increase in globalization raises the need to understand the different cultures of the world more so corporates and communities cultures. There is an increased transfer of workforce or experts from one country to another, in effort to assist establish new locations of the company or boost existing ones in order to achieve their objectives (KPMG International, 2013, p. 2). Mere knowledge of communication skills is not enough but also the understanding of cultural influences, varied communication designs and social settings of every society do drive the success of globalization. The real standing of globalization can be understood by focusing on three main changes. The first major change is the one witnessed in the job markets. The increased demand of employees with multilingual knowledge has led to people moving from state to another for employment or travelling internationally for the purpose of business transactions (Gelbart, 2012, p. 1). Also of important is the emergence of e-commerce, which have a major impact on competition and growth of market as the original location of firm is not an issue anymore. Increased in cross boarders travels has in turn led to wide spread of traditional cultures and practices all over the world. People’s cultures all over the world seem to rhyme and everybody seems to be adapting to global behaviors, especially in trade industry. Focusing on our social environment