Case: What is globalization?

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The four drivers of globalization

09-11-2021 910 views 0

What is globalization?

Globalization is simply a reality of modern life.

Globalisation is a defining feature of today’s economy. Products, services, people and capital move across borders faster than ever. Four main drivers sit behind this trend: trade liberalisation, technology, transport & logistics, and multinational investment. These drivers connect countries and businesses, creating both opportunities and challenges.

In this assignment you will define globalisation, identify and explain the four drivers, and show what they mean for everyday business operations.
Use at least one external source (e.g. WTO, OECD, or a trusted news site). Write it down briefly: title + website or article.

Sources and AI
Mind: AI is not a source. You may use it for ideas or language, but always combine it with real sources. If you use AI, add one short line at the end explaining how you used it.

Look at the following video and get to know globalization much better!

Why this assignment matters
By studying this globalization case you learn to recognise the forces that shape international business. You look beyond headlines to what really drives jobs, markets and supply chains. These skills help in roles that deal with trade, marketing, finance or operations — and they help you make better choices in your own career and life.

Tags:

business ethics | economical | globalization | supply chain

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Assignments for students

What to do?

Define globalisation
Write a short definition. Add one or two valid arguments why this definition matters for international business.
Identify and describe the four drivers
List the four main drivers of globalisation. For each driver, give a short and correct description. Add between one and five relevant real-world examples across the four drivers (companies, technologies, trade blocs, platforms). You may re-use these in step 3.
Explain the drivers
For each driver, explain its meaning for international business. Use valid arguments to show how it enables companies to work across borders. Support your explanation with valid, concrete examples (you may re-use examples from step 2 and/or 3).
Link to operations
Give three to five implications of globalisation for business functions (such as supply chain, HR, marketing, or finance). Keep them realistic.

Assessment criteria

Definition
- Pass: Correct definition + one valid argument.
- Merit/Distinction: Correct definition + two valid arguments, clearly linked to business practice.
Drivers identified and described
- Pass: Four drivers correctly described + at least one valid example.
- Merit/Distinction: Four drivers correctly described + two or more valid examples, showing clear business impact.
Driver explanations
- Pass: Explanation of each driver with valid arguments.
- Merit/Distinction: Explanation of each driver with valid arguments + concrete example showing business impact.
Operational implications
- Pass: Three valid implications of globalisation for business functions.
- Merit/Distinction: Four or more valid implications, realistic and showing clear business impact.

Submitting your assignment

Submit your work using the Core button in Businessbase.
First, enter your name and email correctly — otherwise you will not receive the PDF with your answers. Then follow the guiding questions. Answer them carefully.

Core assignments for students

Discover whether you master the essence of this case by completing the corresponding core assignments. If necessary, you can share your answers with your teacher or supervisor.

Case: The four drivers of globalization

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