Group II

Members
 Gaurav Arya 08B402
 Anjanee Gadgil 08B411
 Akshay Jadhav 08B420
Suchit Kadam 08B429
Owais Momin 08B438
 Shweta Rawat 08B447
 Shivam Singh 08B456
Contents:
 Introduction
 Globalisation & its features
 WTO & its impact
 Impact of Global Environment
 Case Study
 Conclusion
 Introduction:
 The global business
environment can be defined
as the environment in
different sovereign countries,
with factors exogenous to the
home environment of the
organization, influencing
decision making on resource
use and capabilities

How will our ideas,

goods, or services fit into
the international market?
1) How will our ideas, goods, or services fit into the
international market?

 Knowledge of other countries, economies &

cultures

 Understanding of how global economy works

 Ability to recognize & use ideas from different

markets
Globalisation & its
features:
 “the growing economic interdependence of countries worldwide
through increasing volume & variety of cross border transactions
in goods & services & of international capital flows,& also through
the more rapid diffusion of technology”

Features of Current Globalisation:

• Large-scale production and marketing

• Competition
• Transfer of capital and technology
• International Restriction
• Interdependence of countries
WTO & its impact
The global business environment is very significantly influenced
by the World Trade Organization(WTO) principles &
agreements.

Impact of WTO:

 Increase in export earnings

 Agricultural exports

 Exports of textiles & clothing

 Multi-lateral rules & disciplines

Should India quit WTO?
By being a part of WTO, India enjoys the most
favored nation (MFN) status with all the other
members of the WTO.

Developing countries like India were expected to

largely benefit because of the lowering of the
agricultural protection by the developed countries.

Assuming that India’s market share in the world

exports improves to 1%, & that she is able to take
advantages of the opportunities that are created, the
trade gains may consequently be placed at $2.7
billion exports per year.
 Impact of Global Environment
over the world
Industrial - emergence of worldwide production
markets and broader access to a range of foreign
products for consumers and companies.

Social -Spreading of multiculturalism & better

individual access to cultural diversity, world wide
fads, pop culture, etc.

Language - the most popular language is English

Informational - increase in information flows between geographically
remote locations.

Legal/Ethical -Crime importation and raising awareness of global crime-

fighting efforts and cooperation.

Technical -Development of a global telecommunications infrastructure

and greater transborder data flow, using such technologies as the
Internet, Communication satellites, submarine fiber optic cable &
wireless telephones .

Political – world government which regulates the relationships among

governments and guarantees the rights arising from social and
economic globalization.

Social (International cultural exchange) -Spreading of multiculturalism &

better individual access to cultural diversity, world wide fads, pop
culture, etc.
Case Study : Recession in
the US
Conclusion:
1. Globalisation…..Good or
Bad??
 Those who view Globalisation as
bad tend to use dark metaphors to
describe the phenomenon.

 But there are some who believe

that Globalisation is good. They
consider that Globalisation is a
powerful new force but they do not
use dark metaphors to describe it.
Instead, they seem to view it as a
rising global tide.
2. Globalisation~Weather

 We treat it like the weather.

 We cannot change the

weather.

 Follow the wisdom contained

in the old Arab proverb: "If
the mountain will not come
to Mohammed, Mohammed
will go to the mountain".
THANK YOU


GROUP II