Week 1 Discussion Topic

In working out your responses to the Discussion Question, you should choose examples from your own experience and/or find appropriate cases on the Web you can discuss. Credit will be given for references you make to relevant examples from real companies.
Discuss the conditions that have led to the development of global markets.

Posting Requirements

1. Provide an initial reply to the Threaded Discussion Topic by Wednesday, 11:59 pm EST.
This reply MUST be substantive and meaningful; a minimum 300 words. It must not include repeating the discussion topic and your references.
It is highly important that you read the discussion topic thoroughly as discussion topics may have multiple parts. Failure to properly support your response will result in a point deductions from the grade. If you are using an electronic source, the URL of that source should be included at the bottom of the initial discussion topic. All sources must be in proper APA 6th ed (2nd printing) format.

SAMPLE SOLUTION

The development of global markets is facilitated by a supportive environment from social, cultural, political, technological, among others. According to Ristovska and Ristovska (2014), the global market changes are enhanced by a positive change in the political environment, economic and the development of communications, transport, and technology. These factors impose the need for the business to change their strategies, including going out from the borders of their own countries.

According to Jabbour and Zuniga (2016), the emergency of global markets is mainly enhanced by communication technology. The emergency of information and communication technology (ICT) is a leading factor in the globalization process.  The world economy is connected through ICT, and business operations worldwide are linked through the worldwide web. For instance, the ICT facilitates business operations through the business-to-business website. Technology avails payment methods worldwide, such as wire transfer, PayPal, visa, and others, ensuring businesses run smoothly.  Salvioni and Bosetti (2014) note that ICT is increasingly playing an important role in the organization and the society at large through helping businesses to access the global markets through online platforms. For instance, this is achieved…