Globalization of companies

Description:

In economic terms, globalisation refers to the growing economic integration of the world, as trade, investment and money increasingly cross international borders (which may or may not have political or cultural implications). As more companies expand globally their consulting partners also expland their territories. This generate new dynamics in competition. The consulting firm also should expand globally or should try to collaborate other consulting firms in different geographies.

Enablers:

1. Growth of the companies
2. The rapid spread of information technology (IT) and the internet
3. Growth Saturation in local market
4. Worldwide sports event such as Olympics, Worldcup football

Inhibitors:

1. Global Political instability
2. Increase of natural disasters
3. Strong regulations
4. Language barriers

Paradigms:

Competition among consulting firms increase. Global consulting firms compete in every country. It becomes very hard for local boutique firms to survive.

Experts:

Thomas L. Friedman http://www.thomaslfriedman.com/

Timing:

British industrial revolution in the 19th century
World War II

Web Resources:

[1] http://en.wikipedia.org/wiki/Globalization
[2] http://news.bbc.co.uk/2/hi/in_depth/business/2007/globalisation/default.stm