Global Enterprise and Innovation Essay Example | Topics and Well Written Essays - 2750 words

Global Enterprise and Innovation - Essay Example This is also applicable in the context of China. The impact of globalisation on the Chinese economy which in turn influences its business activities can be well identified with reference to the multinational companies. However, globalisation also provides certain significant opportunities to the business firms in economy. For instance, the Chinese scientists and engineers are becoming important participants in the global science and contributing to the world’s scientific and technical literature. It increased the scope of expansion of the market, influenced the political issues and other developments that support the International Business. The ongoing social, political and economic processes broaden the relationship among the nations, people, organizations and the governmental bodies. Inclusively, China is one of the powerful markets providing exciting business opportunities for multinational companies. ... With this concern, the report will analyse the legal and political environment of China and the impact of globalisation on the economy. The report will also intend to identify the various opportunities or motivational factors which influence the multinational companies to enter China and examine the risk and obstacles faced by the companies during their entrance. Furthermore, the report shall intend to suggest few strategies to overcome the risks and obstacles identified. 2.0. Implication of Globalisation on the International Business Environment of China Globalisation has made a lasting impact on the global business organisations. It has provided various advantages as well as created certain complexities which have made an influence on the operations of the multinational companies. For instance, globalisation creates new job opportunities and offers attractive choices to innumerable consumers. It has also led to numerous innovations. Notably, the issue has flashed a considerable deb ate over the past decade. Economists have argued that globalisation is beneficial to the economic development of the world. However, it is a complicated process which contains a string of aspects such as capital movement, spread of technology and knowledge and political and cultural influences (Simon, n.d.). Most countries, along with China, are moving towards greater deregulations and enhancing the role of free market in the economy. An internet connection, which is even available in the remote areas of the world, can also be identified as a part of developing new business, technology and social innovations. The rapid growth of an economy is exerting pressure on energy, commodities and natural resources. It can enhance the development through expansion of