It used to be only select few Malaysian companies had the resources to venture abroad. Overseas ventures were a game only for the big players. Nowadays, going abroad is almost necessity for any Malaysian company looking for growth in profit. Malaysian companies are looking abroad to take advantage of the globalization following the rising labour costs and a limited domestic market – Malaysia only has 22 million people compared to countries like India and China which each has more than 1 billion people. There is also another factor to be considered. Liberalization also forces open markets, giving more opportunities and competition around the globe in the spirit of globalization. Increasingly more foreign companies are coming to Malaysia hence the competition is also becoming more stiff in the domestic market.
Indeed the world has been seen “flattened” by the impact of globalization, that global leaders, global managers and businessmen see it as a scenario that may never go away.......
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Approximate Word Count: 4103
Approximate Pages: 16 (260 words per double-spaced page) |