The business sector continues to evolve into one of increased worldwide interconnectedness. Though there are arguably both positive and negative impacts of this dynamic, globalization provides many opportunities for SMBs, including increased market access and cost-savings from an expansive...
The business sector continues to evolve into one of increased worldwide interconnectedness. Though there are arguably both positive and negative impacts of this dynamic, globalization provides many opportunities for SMBs, including increased market access and cost-savings from an expansive range of supply chain options. Perhaps on a more humanitarian note, globalization has also improved the standard of living in many countries and communities throughout the world. The overall impact of globalization really depends on the nature of a business and its industry; but suffice to say that every organization is or will be affected in some way. So it is critical that business owners develop smart strategies for success in our interconnected world.
