These distinction require the companies to formulate different strategies for each market. Even small companies can create a global market.The distinction of global market are still prevailing even after the globalization of market. Features of Globalization of marketsThe size of the company need not to be large to create a global market.Here we will examine each driver in more depth. Yip’s Total Global Strategy) Industry globalization drivers are the underlying conditions in each industry that create the potential for using global strategy. DIAGNOSING INDUSTRY GLOBALIZATION POTENTIAL (Excerpts from G. Yips Drivers Of Globalisation Tesco The urban expansion and population growth will expand the urban surrounding areas, thus the centre of retail industry will. This process involves the identification of some common norm, value, taste, preference and convenience and slowly enables the cultural shift towards the use of common product or service. Globalization of MarketsGlobalization of markets refers to the process of integrating and merging of the distinct world markets into a single market.Components of Globalization Globalization of MarketGlobalization of ProductionGlobalization of InvestmentGlobalization of Technology 2:12 PM4Xavier Institute - Jabalpur.Drivers of GlobalizationDrivers of Globalization Two macro factors seem to underlie the trend toward greater globalization Decline in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II Technological change.The term is sometimes used to refer specifically toeconomic globalization: The integration of national economies into the internationaleconomy through trade, foreign direct investment, capitalflows, migration, and the spread of technology. globalizationGlobalization: An ongoing process by which regionaleconomies, societies, and cultures have become integratedthrough a globe-spanning network of communication andtrade.

Drivers,Globalization of market, production, investment, technologyPresented by:AnmolNekpuriPGDM III 2:10 PM1Xavier Institute - Jabalpur

Drivers, globalization of market, production,

Yips drivers of globalisation