The period of economic globalization accompanied by the development of information technology at this time, was felt especially in the business environment. All companies are faced with a competitive global business environment.
The development of information technology such as internet network, and other digital technologies open the gap marketing / product distribution is not limited to space, place, and time. These networks and other digital technologies, also enable the exchange of information both about products, producers, and costumer globally and thoroughly. It can be easily accessed by economic actors so that business transactions are no longer glued through paper but can be done through electronic highways using the facilities it provides such as shared databases, electronic funds transfer, electronic data incharge, electronic commerce, etc. Therefore, economic mobility is increasingly fast and competitive.
Globalization is defined as a shift in economic activity towards a more integrated and interdependent part of the world economy. In globalization there are two components namely, market globalization and globalization of production.
Understanding of business globalization
Global change has brought issues with regard to big business as well as small businesses. Where this change has a real impact is the shifting of businesses that are limited to isolated domestic (national) businesses, due to various consequences such as cultural differences, distance and time leading to an integrated global business system or co-operation with mutual interdependence. And this situation has never been faced before by business managers where the global business brings the impact of opportunities and new threats.
Increasing human resources in various countries is a demand compared to choices in this globalization era. Developments in the increasingly unlimited economies, the flow of information is getting tighter and the development of science and technology increasingly rapidly making human resources become the key to success in overcoming challenges and changes in the era. In other languages, we can say, a nation that increases its human resources will rule the world and vice versa a nation that does not invest it will be a colonized nation. That is, human quality in various countries must always be able to adapt to change, even create the change itself.
By.economi finansial.
Here we can understand that the importance of financial management education in the current globalization as a creative business
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