The paper "Globalization Plays a Central Role in Making the World a Better Place" is an outstanding example of a business essay. The world has advanced into a village where boundaries no longer exist. Businesses and consumers can interact across borders through different means as a result of globalization. The idea of globalization is of great significance for companies as they focus to mature and become successful in their local markets and across borders (Knight & Cavusgil 2004, p. 125). Nevertheless, this has not been the circumstance as only certain countries benefit from globalization.
According to the famous Albert Einstein, imagination is considered more significant than knowledge. Through this perspective, imagination plays a key role in the development and achievement of progressive and positive globalization. Businesses must focus on how they can foster productive activities that progress and unite civilization (France, Mott & Wagner 2014). They should encourage peaceful imaginations that pursue to reduce alienation and rejoice interdependence rather than self-sufficiency. Furthermore, businesses should focus on inclusion rather than exclusion, openness, hope, and opportunity instead of grievance, limitation, and suspicion.
The following paper aims at discussing how a global business could harness these ideas to develop a better world for all countries particularly the countries that do not benefit from globalization. Knowledge, capabilities, and innovation have been the core subjects of study on the performance and strategy of the global organization. Firms that operate across borders or internationally are a common discussion among business leaders and scholars. Regardless of all the numerous challenges such as human resource, capital, and technological adoption, businesses in the global market leverage knowledge, capabilities, and innovativeness to accomplish significant success internationally (Knight & Cavusgil 2004, p.
124). Nonetheless, the idea of globalization has proved positive or successful for only a few developed and developing countries. Most international or global businesses are large multinationals from developed countries such as American and European firms.
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