Globalization and Administration
The term "Globalization" is translated by ONU in English trying to interpret it as a great coverage of practices or opening of the international market.
Joaquín Arriola defines Globalization as "the creation of a worldwide market in which financial, commercial, and productive capital roam freely".
In a worldwide scale, globalization means the inter-dependency among countries as it is reflected in the growing international flow of goods, services, capital and knowledge.
Michael Czinkata indicates that "Globalization is an inevitable process. The world has begun to be more homogeneous, and the distinctions between the national markets are insignificant. Moreover, to survive, we must understand the importance of opening our market for our companies and competitors".
Within this concept of the"global village", huge enterprises emerge to conquer the market, among these we have got: multinational corporations, which maintain important operations in more than one country simultaneously, but they are managed from their headquarters in their country of origin; transnational corporations, which maintain important operations in more than one country simultaneously, and decentralize decision making in each operation to the local country.
These days, there are great opportunities for organizations to infiltrate in new markets, to get to more and more potential buyers for their products and increase the enterprise horizons. It is true that Globalization presents as a counterpart strong competition, but for the enterprises who are prepared and ready, this poses no major threat.