Stages of Globalization

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STAGES OF GLOBALIZATION

Stage 1. arm's length service activity of an essentially domestic company/institution which moves into new market.

Stage 2. the company/institution takes over these activities on its own.

Stage 3. the domestic-based company institution begins to carry out its own manufacturing marketing and sales in key foreign markets.

Stage 4. the company/institution moves to a full insider position in these markets supported by a complete business system (e.g., Research and Development and engineering)

Stage 5. the company/institution moves towards a genuinely global mode of operation where global localization happens that requires an organizational transition i.e. the company denationalize its operations.

Reference no: EM133367319

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