The Global Finance Environment

Paper Summary:

This paper identifies some of the major drivers of globalization and their impact on multinational firms. The paper also discusses the risks involved in global investing as well as the importance of cultural sensitivity and ethics in the realm of global finance. In this way, the paper highlights the factors that need to be evaluated before a firm decides to become a true multinational organization.

Outline:
Drivers of Globalization
Risks of Global Investing
Cultural Sensitivity
Conclusion

From the Paper:

"Market research includes understanding the audience and the ethnic-orientated issues that may be relevant to the message being communicated. Cultural adaptation refers to intricacies such as humor, grammar, and symbolism that may be present in the native language. Localization is identified as incorporating local references and examples in the communication. Finally, internationalization refers to 'universal' ideas and concepts that can be intertwined into the message such as time and measurements (Balance, 2006). Considering these factors a multi-national firm can inject some measure of cultural sensitivity in its global communications."

Sample of Sources Used:

• Ballance, Chanin. (2006). Effective multicultural communication: marketing and managing off-shore requires sensitivity to the nuances of foreign languages. World Trade, 19(7), pg. 54-55. Retrieved April 22, 2009, from General OneFile database.
• Jean-Marie Eveillard on global investing: one of the greatest minds of international investing offers his views on the wisdom--and risks-- of investing overseas (2004). Medical Economics, 81(7), 42-44. Retrieved April 22, 2009, from General OneFile database.
• Marshall, J. (2006). Business and finance go global: while the depression and World War II dampened global expansion, it has begun surging in recent decades. Financial executives have seen their own tools and procedures dramatically altered amid a welter of advances in communication, distribution and technology.. Financial Executive, 22(2), pg. 18-36. Retrieved April 22, 2009, from General OneFile database.
• Zubko, N. (2008). Sources of strength: with globalization forces transforming their businesses, manufacturers are creating more powerful sourcing strategies to control costs throughout the supply chain. Industry Week, 257(4), pg. 48-54. Retrieved April 22, 2009, from General OneFile database.

More papers on The Global Finance Environment:

• Research Paper # 108170 : "The Global Finance Environment"
• Essay # 102317 : "Global Finance Environment"
• Research Paper # 112146 : "International Business and the Global Economy"

APA Citation:

MLA Citation: