Explain Why It Is Important to "Go Global

question 16

Essay

Explain why it is important to "go global." What benefits can companies that take the plunge into global business expect?

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Definitions:

Transaction Management

The process of managing a transaction to ensure that all operations within it either complete successfully together or fail as a unit.

Philosophy

The study of fundamental questions about existence, knowledge, values, reason, mind, and language.

Production Era

The period in business history when the focus was primarily on production efficiency and product output, rather than on customer needs or desires.

Assembly Lines

A manufacturing process in which parts are added to a product in a sequential manner using optimally planned workflows in order to create a finished product efficiently.