The reality and existence of globalization can be witnessed in DPWN where patterns of trade are considered, for example, the general level of imports and exports in several countries have magnificently increased over the past few years. Also, globalization has led to a significant increase in the production of business services for example firms dealing with Just-in-Time (JIT) ideas have led to customers getting information, e.g., of accounting and auditing conveniently. Also due to globalization financial systems organizations have now been integrated and they work as one unit thus enhancing the chances of conducting business globally for example through the use of Credit Cards and the existence of flexible exchange control systems in many countries.
In this case, we find that DPWN has identified different approaches to global business management which is employed in its business setting of management across cultures and across a diverse workforce in a global setting. Globalization is also now vividly evident because of the way people migrate from one country to another without much difficulty. It is also critical to look into how respective managers can maximize the practical applications of these approaches to Multi-National Companies such as DPWN.
International Business management practice is the greatest concept that is understood clearly by all managers and Chief Executives Officers of DPWN before going global. It is the process of applying management concepts and techniques in a multinational environment so that DPWN can become and remain international in scope. This process is influenced by new technologies, improved communication and transportation systems. It involves identifying the suitable approaches to going global and understanding all the advantages and disadvantages of each approach before going global in any business undertaking.
Multi-National Corporations such as DPWN have increasingly utilized such advancements and thus in the process become a major player in international marketing. The enactments of agreements like those of the European Union, North American Free Trade Agreement and World Trade organizations agreements have fostered international business for example through relaxation of tariffs and barriers to carrying out global business interactions. As it can be noted from the literature review that globalization has become the common and most successful way of carrying out business, therefore this paper will test whether this concept of globalization has had an influence on the growth and success of international business. The role of globalization regarding the success of international trade is quite significant and it is for this reason that players such as DPWN acknowledges and fully comprehends the concept of globalization before going international in order to be successful.
Also, globalization has led to a significant increase in the production of DPWN services for example the company deals with Just-in-Time ideas have led to customers getting information, e.g., of accounting and auditing conveniently. Also, due to globalization financial systems organizations have now been integrated and they work as one unit thus enhancing the chances of DPWN conducting business globally.