{"id":46163,"date":"2024-04-26T23:15:07","date_gmt":"2024-04-26T23:15:07","guid":{"rendered":"http:\/\/localhost\/branding\/the-two-primary-drivers-of-globalization-are-market-drivers-and-cost-drivers\/"},"modified":"2024-04-26T23:15:07","modified_gmt":"2024-04-26T23:15:07","slug":"the-two-primary-drivers-of-globalization-are-market-drivers-and-cost-drivers","status":"publish","type":"post","link":"https:\/\/sheilathewriter.com\/blog\/the-two-primary-drivers-of-globalization-are-market-drivers-and-cost-drivers\/","title":{"rendered":"The two primary drivers of globalization are market drivers and cost drivers"},"content":{"rendered":"<p>The two\u00a0primary\u00a0drivers of globalization are market drivers and cost drivers. The market driver of globalization includes\u00a0understanding\u00a0of\u00a0common\u00a0customer needs including international customers, and\u00a0global\u00a0market channels. Cost drivers including globalizing due to high product development costs in\u00a0home\u00a0country and differences in factors of production.\u00a0There is no doubt that technological change has brought about a social change around the globe. Technology has lead to the greater socio-economic advancement. The internet and e-commerce has a huge impact on every society around the globe. Barriers of trade between different countries and individuals of those countries are already non-existent. Even the smallest of things, like a company\u2019s contact details can be searched through internet, trade could be commenced between two individuals that have not seen each other. Resisting the ongoing tide of technological advancement and change had been impossible in the past and same trend is expected to continue in the future. In today\u2019s scenario it is not possible to do a business effectively without having a website, telephone and other means of communication. In a big business, it is not possible to manage suppliers without the use of Supply Chain Management, to integrate all functions of an organization without the use of effective Enterprise Resource Planning and to manage the customers with an effective CRM planning. So, the technology had an ever-ending role to play in the past and the same trend is expected to continue in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two\u00a0primary\u00a0drivers of globalization are market drivers and cost drivers. The market driver of globalization includes\u00a0understanding\u00a0of\u00a0common\u00a0customer needs including international customers,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-46163","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The two primary drivers of globalization are market drivers and cost drivers - sheilathewriter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sheilathewriter.com\/blog\/the-two-primary-drivers-of-globalization-are-market-drivers-and-cost-drivers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The two primary drivers of globalization are market drivers and cost drivers - sheilathewriter\" \/>\n<meta property=\"og:description\" content=\"The two\u00a0primary\u00a0drivers of globalization are market drivers and cost drivers. 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