What is the Yip framework?
Yip identifies four sets of “industry globalization drivers” that underlie conditions in each industry that create the potential for that industry to become more global and, as a consequence, for the potential viability of a global approach to strategy.
What is globalization driver?
Cost globalization drivers. —the opportunity for global scale or scope economics, experience effects, sourcing efficiencies reflecting differentials in costs between countries or regions, and technology advantages—shape the economics of the industry.
What are the various drivers of globalization?
The drivers of globalization are the reduction of barriers to international trade, increased consumer demand, lowered costs of shipping and production, and technological advancements in communication and transportation.
What are the five major drivers of globalization with examples?
The media and almost every book on globalization and international business speak about different drivers of globalization and they can basically be separated into five different groups:
- Technological drivers.
- Political drivers.
- Market drivers.
- Cost drivers.
- Competitive drivers.
What are the main driving forces of Globalisation?
The key driving forces of Globalization includes Economic, Political and Technological factors, establishment of WTO, emergence and growth of regional integration, decline in trade barriers, decline in investment barriers, technological changes, increase in FDI and growth of MNC’s.
What are cost globalization drivers?
Economies of scale and scope, experience effects, and exploiting differences in factor costs for product development, manufacturing, and sourcing in different parts of the world will assume a greater importance as determinants of global strategy. …
What are the 2 drivers of globalization?
2 Drivers of Globalization
- Technological drivers. Technology shaped and set the foundation for modern globalization.
- Political drivers.
- Market drivers.
- Cost drivers.
- Competitive drivers.
What was the major driver in globalization initially?
If we take the first driver of globalization, the integration of the global economy has mainly been due to the rapid spread of IT and communications that enabled countries like India and China to circumvent hitherto aspects that were holding them back.