The paper "New Globalization Regulations" is a good example of a business research paper. The global market has over the years expanded and increased in its influence and popularity (Soriano and Dobon, 2009, p. 235). In this case, as Singh (2010, p. 7) argued, companies both multinational enterprises, as well as the small and medium enterprises, have expanded their overall market influence. Studies have in the recent decade demonstrated an increasing business globalization approach. For instance, a review by Tisdell (2001, p. 579) argued on nature and extent to which organisations have focused on venturing onto the global market through increased globalization internationalization strategies.
However, as the essay focus summary article study by Bremmer (2014) demonstrated the global market and the approach and regulations to internationalization and globalization regulations. The study pointed out the increased nature of government involvement in globalization and the emergence of new globalization rules. Based on this study argument, this essay evaluates the changing nature of globalization rules as well as their implications on respective organisations internationalization strategies. New Globalization Regulations State Capitalism One of the key new globalization regulations is the rise of state capitalism through which the government has stepped up and increased control of vital industries and sectors in the market that they consider strategic Aligica and Tarko (2012, p. 359).
In this case, the governments seek to control such industries as a measure of national interest or to reduce foreign dominance. Based on the evaluated and discussed changes in globalization rules such as the change and shift of the global economy from a free market to a government-controlled economy as well as the rise of state capitalism has implicated on a variety of organisations new market entry market approaches (Haley and Haley, 2013, p. 42).
In this regard, the organisations have resulted in alternative market entry strategies that seek to mitigate the increased market controls such as exportation as well as joint ventures as discussed later on in details. These arguments can be evidenced by the study developed by Whitelock and Rees (1993, p. 26). In the study, the authors established a growing and emerging trend in the use of joint ventures as new market entry methods. This is a clear contrast of the study reviews by Kling, Baten and Labuske (2011, p. 249) that established a declining use of foreign direct market entry procedures. Standardization An additional new globalization regulation is increased standardization.
Unlike in the past where products quality was not a major interest issue, current systems advocate for standards and quality retention status across the foreign markets by the multinational players. As such, the new globalization regulations such as the need for increased products quality through improved standardization approaches have greatly implicated on the organisations' production and operational processes. Lewis, Pun and Terrence (2006, p. 966) evaluated the concept and implications of increased globalised competition.
In this case, the study established that through increased regulatory measures such as the introduction of the ISO regulations on quality and the certification awards. As a result of these requirements, organisations have developed and established quality control systems. This is characterized by the increased application and use of the total quality management systems by multinational organisations as Perego and Kolk (2012, p. 175) argued.
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