This paper delves into the multifaceted challenges presented by globalization and the strategic adaptations necessary for businesses to thrive in an increasingly interconnected world. The analysis commences with an exploration of the core aspects of globalization, highlighting its impact on economic, political, and cultural landscapes. Subsequently, the paper identifies the principal challenges that businesses face, including market competition, cultural differences, regulatory complexities, and environmental concerns. To address these challenges, the paper proposes a framework for business adaptation, emphasizing the importance of flexibility, innovation, and stakeholder engagement. The study concludes by illustrating how successful adaptation to globalization can lead to enhanced competitiveness and long-term sustainability for businesses across the globe.
Jackson, J. (2021). Globalization Challenges and Business Adaptation. International Review of Business & Management, 3(2), 22. doi:10.69610/j.irbm.20210916
ACS Style
Jackson, J. Globalization Challenges and Business Adaptation. International Review of Business & Management, 2021, 3, 22. doi:10.69610/j.irbm.20210916
AMA Style
Jackson J. Globalization Challenges and Business Adaptation. International Review of Business & Management; 2021, 3(2):22. doi:10.69610/j.irbm.20210916
Chicago/Turabian Style
Jackson, John 2021. "Globalization Challenges and Business Adaptation" International Review of Business & Management 3, no.2:22. doi:10.69610/j.irbm.20210916
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ACS Style
Jackson, J. Globalization Challenges and Business Adaptation. International Review of Business & Management, 2021, 3, 22. doi:10.69610/j.irbm.20210916
AMA Style
Jackson J. Globalization Challenges and Business Adaptation. International Review of Business & Management; 2021, 3(2):22. doi:10.69610/j.irbm.20210916
Chicago/Turabian Style
Jackson, John 2021. "Globalization Challenges and Business Adaptation" International Review of Business & Management 3, no.2:22. doi:10.69610/j.irbm.20210916
APA style
Jackson, J. (2021). Globalization Challenges and Business Adaptation. International Review of Business & Management, 3(2), 22. doi:10.69610/j.irbm.20210916
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References
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