International Business Journal AssignmentGlobalizationRefers to increasing international competitiveness as a direct result of ever-increasing market size. Australian businesses must be able to compete on a global scale. It involves companies planning their production processes so that each specialized subdivision of the entire process is carried out in a country where conditions are particularly favorable for that type of work. All this has led to the lowering of tariffs imposed on countries to protect their local markets. . All these beliefs are highly valued by consumers because they now have the ability to purchase more products manufactured in foreign countries at a lower price. However, in addition to the positive impact of globalization, there is also a negative influence brought by globalization. For starters, here in Australia, local producers and manufacturers need to find a new and efficient way to do business or face being overwhelmed by foreign investors. Overall, globalization is a good thing. The shift of economies from competing on a local basis to adopting and competing on a global market places the valuation of trade. CultureCulture: Culture, in sociology, is the beliefs, behavior, language, philosophical tendencies, and entire lifestyle of a particular group. of people at a given time. Culture includes customs, ceremonies and works of art, inventions, technology and traditions. In corporate culture, it can best be described as the values ​​and beliefs shared by people in the organization that unite and hold it together. These values ​​and beliefs are evident through the rituals, knowledge, myths, language, assumptions and attitudes that exist. It is the sharing of these beliefs that gives the organization its distinctive characteristicsHRM (Human Resources Management)What is HRM: Human resources management is the management of the company's employees and personnel. For companies, human resources probably represent their most important asset. And if these resources can be managed effectively, the organization will be able to achieve its objectives. To effectively manage these resources, human resources managers must focus on motivating their employees; by using Meslow's theory of motivation and providing employees with a sense of belonging, an organization can effectively achieve its goals. Market Entry To enter a different market abroad, a multinational company can use various methods. A multinational can invest directly in the facilities of another country, this is known as FDI.