Individual portfolio on global enterprise Essay - 2

Individual portfolio on global enterprise - Essay Example The introduction of globalisation along with its effectiveness is generally considered to have commenced in the decade of 1980s. The different aspects and the procedure of globalisation have become one of the key components for the financial development of a particular nation. In this context, the business organisations deeply concentrate upon globalisation factor because it might affect their financial performance along with other business aspects by a significant level (Stewart, 2007). Thus, on the basis of above discussed grounds, it can be stated that globalisation can be measured as a multidimensional character that crucially affects towards the worldwide phenomena. In this particular paper, the conception of globalisation along with its different impacts and importance towards the economy of a particular nation and also on the business organisations will be depicted. ... of Emirates Airlines will also be depicted. In addition, certain discussions will also be portrayed on the basis of a presentation along with developing an efficient idea regarding the conduct of the project. Section 1: Literature Review of Globalisation Theory According to Bertucci & Alberti, the conception of globalisation is fundamentally defined as a worldwide complex phenomenon that covers a broad assortment of trends along with tendencies particularly in the communal, cultural and financial dimensions. It can be described as a flow of products as well as services in different countries and it increases the global interrelation of business culture, people and financial functions. Moreover, Bertucci & Alberti also stated that globalisation facilitates in the worldwide distribution of the manufacturing products along with services through reducing certain restrictions towards international trade that include the export charges, tariffs and taxes and import quotas among others. It also minimises the restrictions upon the movement of investment as well as of capital. Thus, by focusing upon the above discussed functions of globalisation, it can be stated that globalisation may contribute towards financial progression and advancement in different nations whether developed or underdeveloped by a considerable extent (Bertucci & Alberti, n.d.). In this context, Bertucci & Alberti identified that there are certain noteworthy driving forces that lie behind the aspect of globalisation. The important driving forces include technological innovation as well as the notion of entrepreneurship. From the perspective of technological innovation, the introduction of latest and innovative technologies plays an integral role in making the aspect of globalisation