Changing environment for business

In regards to the topic of today's changing environment for business, I would like to comment on something that has strongly contributed to this changing environment, which is globalization. My company decided to address the issue of globalization by recognizing the fact that a great deal of our products, and our competitor's products, were being produced in Asia. In order to make ourselves more competitive in the market, we decided to build a production facility in China which would help to lower our costs on goods and raw materials that we were importing from overseas. Instead of having to use a third-party that is based in Asia, we could obtain the raw materials and goods directly from our facility in China, which reduced costs and gave us a significant advantage over our competitors. Recognizing the effect of globalization and the effect is has on today's business climate can enable a company to remain competitive and not get behind the competition.

Here is a short article that discusses the impact that China has on globalization and American business.