Describe the 5 general cultural factors leading toward growt

Describe the 5 general cultural factors leading toward growth in the global business and the 4 specific business factors. Explain the interconnection among these factors in 150 words or more.

Solution

Following are five general cultural factors leading toward growth in the global business-

The four specific business factors :

The interconnection among these factors :

These general cultural factors most important for internationalization result in specific business globalization factors that affect most industries. The development of powerful communications technologies and the appearance of world cultures make the condition for global markets—global customers attracted in consuming similar products that are culturally approved. Coca-Cola and Cable News Network (CNN) programming could be sold in Latin America, Africa, and Asia.