Emerging Technologies in Global Business Environment MBA AKTU

Emerging Technologies in Global Business Environment MBA AKTU

1 The changing nature of Globalization, Regulatory environment, natural environment, new age ethics
The Changing Nature of Globalization
What it meant earlier:
Globalization used to focus mainly on international trade, foreign investment, and movement of people.
Big companies from developed countries would set up factories in developing nations to reduce costs.
What it means now:
Globalization is no longer only about goods—it’s about data, digital services, ideas, and innovation.
Technology has changed the way the world is connected.
Now:
Digital globalization is rising: People and businesses are connected through the internet, social media,
and e-commerce.
Geopolitical tensions (like between countries) are making nations cautious—they are focusing on “local
for vocal” or self-reliance.
Supply chains are being restructured: Countries now want to avoid over-dependence on a single nation.
Focus is shifting from low-cost to resilience and security.
Example: A company in India might now prefer to buy raw materials from a neighboring country rather
than from far-off China to avoid risks