Question

Elaborate on the benefits of a proactive approach to globalization and global competition?

Answer 1

Globalisation-

Globalisation allows countries to interconnected to the world .It is the integration of goods and interaction among people.It is the amalgmation of cultures and trade .It creates more interdependence of countries ;It allows to find lower cost rate of production of goods ;It creates large choice of goods among customers ;It brings technology and more innovative way of production;It boost employement and support the economy where as its does not come without cons it creates competition for domestic producer ;technology may lead to unemployement for those who can not update themself with advancement.Human force  can be replaced by machines.

Benefits of proactive approach of globalisation and global competition:

*Proactive approach is a process of eliminating an event before it appear and act as a problem.It act as safeguard and provides a security from threats .If proactive approach follows in globalisation it will avoid all those risk and uncertainities .

*It act as road mapping it guide when to acquire,merge with any other companies .;it plan future better manner , it plan things in advancement and eliminate the threats .

*It act as a preventing mean it address problem before in reality it occurs. Proactive approach in globalisation guide organistaion when to act and respond to the global competition.

*proactive approach understand the problem in advance it forecast the future .It allows to gain competitve advantage over other competitors.

*It can create new opportunities and help in the formation of strategies to compete in global environment .It anticipates the global demand and forms strategies accroding to it.

*proactive approach aimed to goal oriented and make themself updated in the gloabalization era because globalisation provides a choice in the hand of customers and make them king .so , proactive approach update organistaions to act smartly.

Proactive approach is significant in globalisation because its allows to think deeply and anticipates the pros and cons of each and every senario .

Proactive approach provides a  strong base for   innovation .It keep organsiation innovative by interpret the opportunities that is available in the environment.