D080 WGU - Managing in a global business environment Made April 2026
Access to larger markets
Higher revenue and growth
Entry into developing markets
Lower production cost
Improved efficiency through economies of scale and scope
Better global operations through technology
Opportunities in growing economies
What business opportunities are presented by globalization?
Economic globalization
Economic globalization refers to the widespread, international movement of
goods, capital, services, technology, and information. It is the increasing economic
integration and interdependence of national, regional, and local economies across
the world through an intensification of the cross-border movement of goods,
services, technologies, and capital.
Political Globalization
countries are becoming more connected in how they make political decisions.
countries work together more, global organizations gain influence, and some
nations respond by becoming more isolated. example used is north korea
cultural globalization
Described as the normal or expected behavior in a particular situation. refers to the
transmission of ideas, meanings, and values around the world in such a way that
extends and intensifies social relations. Aided by internet and media.
,D080 WGU - Managing in a global business environment Made April 2026
Spreads ideas, values, and meanings worldwide
Increases cross-cultural contact
Allows people to connect across borders
Leads to cultural homogenization
Strengthens global American influence
Spreads English but also helps smaller languages connect
Creates resistance and antilocalization movements
effects of cultural globalization
Supports economic growth and development
Creates a more connected international community
Expands markets and increases wealth
Promotes political and economic freedom
Creates jobs and lowers prices
Spreads ideas and encourages tolerance
Benefits corporations and the financial sector
Boosts overall global wealth and freedom
arguments for globalization
Economic inequality
Trade manipulation and barriers
Environmental impact
Social and cultural concerns
Limitations of traditional economic metrics
Long-term sustainability concerns
Job security and social fear
arguments against globalization
,D080 WGU - Managing in a global business environment Made April 2026
Market Entry - 1st stage
Companies enter new countries using business models similar to their home
markets. They may need to establish local production to reach customers, due to
business type (like food, retail, banking) or local regulations (like the auto industry).
Product Specialization - 2nd stage
Companies move full production of a specific product to one low-cost location.
The goods are then exported to other markets. Different locations start
specializing in different products or components.
Value Chain Disaggregation - 3rd stage
Production is split into separate activities carried out in the most advantageous
locations. Components of a single product may be made in different places and
then assembled elsewhere.
Value chain reengineering - 4th stage
Companies redesign production processes to take advantage of lower labor costs
abroad. They may increase labor-intensive methods and build necessary
equipment locally. Example: GE's medical equipment division tailoring production
for cost savings.
creation of new markets - fifth stage
Focus shifts to expanding markets. Companies can lower prices and increase
demand in both old and new markets. Revenue from new markets often exceeds
cost savings from previous stages.
, D080 WGU - Managing in a global business environment Made April 2026
market
cost
competition
government
Four drivers of globalization
Opportunity for scale. Convergence of needs-people in different countries start
wanting the same things.
explain market four drivers of globalization
Economies of scale
A proportionate savings in costs gained by an increased level of production
Economies of scope
to develop efficiencies in terms of variety not volume
"World is Flat" everything is connected; easy to compete.
CAGE differences still matter; plan carefully before going global.
What is the difference between the world is flat view and the CAGE analysis?
cultural differences between two countries reduce their economic exchange.
Culture refers to a population's norms, shared beliefs, and practices.
"C" is for culture -provide an explanation. CAGE
Access to larger markets
Higher revenue and growth
Entry into developing markets
Lower production cost
Improved efficiency through economies of scale and scope
Better global operations through technology
Opportunities in growing economies
What business opportunities are presented by globalization?
Economic globalization
Economic globalization refers to the widespread, international movement of
goods, capital, services, technology, and information. It is the increasing economic
integration and interdependence of national, regional, and local economies across
the world through an intensification of the cross-border movement of goods,
services, technologies, and capital.
Political Globalization
countries are becoming more connected in how they make political decisions.
countries work together more, global organizations gain influence, and some
nations respond by becoming more isolated. example used is north korea
cultural globalization
Described as the normal or expected behavior in a particular situation. refers to the
transmission of ideas, meanings, and values around the world in such a way that
extends and intensifies social relations. Aided by internet and media.
,D080 WGU - Managing in a global business environment Made April 2026
Spreads ideas, values, and meanings worldwide
Increases cross-cultural contact
Allows people to connect across borders
Leads to cultural homogenization
Strengthens global American influence
Spreads English but also helps smaller languages connect
Creates resistance and antilocalization movements
effects of cultural globalization
Supports economic growth and development
Creates a more connected international community
Expands markets and increases wealth
Promotes political and economic freedom
Creates jobs and lowers prices
Spreads ideas and encourages tolerance
Benefits corporations and the financial sector
Boosts overall global wealth and freedom
arguments for globalization
Economic inequality
Trade manipulation and barriers
Environmental impact
Social and cultural concerns
Limitations of traditional economic metrics
Long-term sustainability concerns
Job security and social fear
arguments against globalization
,D080 WGU - Managing in a global business environment Made April 2026
Market Entry - 1st stage
Companies enter new countries using business models similar to their home
markets. They may need to establish local production to reach customers, due to
business type (like food, retail, banking) or local regulations (like the auto industry).
Product Specialization - 2nd stage
Companies move full production of a specific product to one low-cost location.
The goods are then exported to other markets. Different locations start
specializing in different products or components.
Value Chain Disaggregation - 3rd stage
Production is split into separate activities carried out in the most advantageous
locations. Components of a single product may be made in different places and
then assembled elsewhere.
Value chain reengineering - 4th stage
Companies redesign production processes to take advantage of lower labor costs
abroad. They may increase labor-intensive methods and build necessary
equipment locally. Example: GE's medical equipment division tailoring production
for cost savings.
creation of new markets - fifth stage
Focus shifts to expanding markets. Companies can lower prices and increase
demand in both old and new markets. Revenue from new markets often exceeds
cost savings from previous stages.
, D080 WGU - Managing in a global business environment Made April 2026
market
cost
competition
government
Four drivers of globalization
Opportunity for scale. Convergence of needs-people in different countries start
wanting the same things.
explain market four drivers of globalization
Economies of scale
A proportionate savings in costs gained by an increased level of production
Economies of scope
to develop efficiencies in terms of variety not volume
"World is Flat" everything is connected; easy to compete.
CAGE differences still matter; plan carefully before going global.
What is the difference between the world is flat view and the CAGE analysis?
cultural differences between two countries reduce their economic exchange.
Culture refers to a population's norms, shared beliefs, and practices.
"C" is for culture -provide an explanation. CAGE
