Competition – What do we mean by the Global Market place?

1. What do we mean by the Global Market put?Global means to introduce the company public wide. To make the company known to the whole world rather than just one country.2. What is globalisation?Globalisation refers to the way a company sets out to run for in exactly the equivalent way throughout the globe using the same packaging, the same products, the same adverts, etc., in every country in which it operates.3. What is internationalisation?This refers to the way in which companies expand their operations oversea in order to exploit new markets.4. To be competitive an organisation needs to make positive(predicate) that it* Provide quality products that meet customer requirements.* Values its people- the most important resource of any organisation.* Uses new technology, including information technology, to its full potential.* Ploughs back funds into new investment, research and product development.* Experiments with new ideas and sets out to turn over rather than follow the f ield.* Makes sure that it has outstanding customer and community relationships as well as respecting the environment.* Takes into attachment the requirements of all its stakeholders.