Global Business Essay Example | Topics and Well Written Essays - 2500 words - 1

Global Business - Essay Example In this paper, the various aspects of the spread of businesses to a global level shall be outlined and their impacts on the products they offer detailed (Wild, 2009). The company to be focused on is International Business Machines (IBM). This is a public company founded in 1911 by Thomas J. Watson and Charles Ranlett Flint. The firm is headquartered in Armonk, New York. It has among the most developed global networks and serves the whole world at present (Steers, 2010). IBM has interests in the provision of services, financing, hardware, and software. Its take on the global business scene shall be outlined in the following sections. Globalization is the movement towards achievement of greater interdependence among economies and national institutions in view of their political, cultural, technological, and economic advancements. The falling barriers to trade and investing in general have facilitated globalization largely. Technology has also played an important role in oiling the wheels of the globalization locomotive. These two forces have ensured that companies all over the world can carry out business in locations far away from their headquarters. Globalization has played an important part in reducing income inequalities across the globe. Poor countries can now pay their employees’ wages that were not possible a few years ago. The availability of jobs by multinationals in foreign countries has also elevated the standards of living of people in faraway lands. Multinational corporations such as oil conglomerates have led the pack in ensuring globalization. The global business environment has enabled corp orations in the world to carry out business at a much lower cost than it was in the previous years (Ietto-Gillies, 2005). IBM has branches all over the world to oversee its operations in these countries. While headquartered in New York in the United States, it has subsidiaries in Europe whose operational