1. Summarize Globalization 3.0 21st century. 2. Would you say that IKEA success has been sustainable?...

1. Summarize Globalization 3.0 21st century.

2. Would you say that IKEA success has been sustainable? Why or why not?

Expert Solution

Answer-1) Globalization is becoming everywhere and world is become a global village. Globalization has become one of the principal symbols of economic, cultural and political life in the 21st century. Although there is no precise definition of globalization, due to the complexity of the term and the varying attitudes towards it, put simply it is the process by which nationality is becoming all the time more irrelevant. International organizations such as Coca Cola, Disney, McDonald's, Sony, Shell Oil and IBM, symbolize such a process. In layman's terms, globalization is basically the means by which people around the globe are now more connected to each other than ever before. Information and money flow more swiftly and goods and services produced in one part of the globe are progressively more obtainable worldwide. International travel is also more frequent and international communication is routine. However globalization as we know it today is vastly different from its humble beginnings. The following essay will look at the effect global institutions have on a national level and whether they challenge or defend the interests of the nation. Globalization is effectively converting the domestic companies as global companies. Every nation is suffering with challenges that how to save our domestic market.

Answer-2) Yes , company is successful in sustainable growth because company vision is to create a better everyday life for the many people, is intrinsic to People & Planet Positive sustainability strategy. Company wants to do utmost to be a leader in sustainable, affordable life at home by inspiring and enabling customers and co-workers, and by being a leading responsible business. Companies is already taking huge strides with its People & Planet Positive Strategy and continue to grow as a business, it’s a great opportunity to inspire more people with ideas and solutions for sustainable living.

IKEA's ambitious sustainability aims and global leadership on climate change initiatives are arguably the privileges of a multinational business with the resources to back its efforts.

keosha answered 7 months ago

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