DOES GLOBALIZATION RESULT IN CONVERGENCE OF BUSINESS PRACTICES?
While studying business practices internationally, the abundance of studies showing convergence of business practices are counterbalanced by approximately an equal number of studies showing business practices remain distinctly different across national borders. While on the surface these results may appear to contradict each other, but when looked at closer, one sees both convergence and retention of culturally specific business practices happening simultaneously, however happening at different strategic levels of operations. An improved understanding of global business practices requires breaking practices into operational, tactical and strategic levels. Increased trade and travel require globalization of business practices at an operational level. To conduct trade across borders requires the use of a common language, common communication channels, common accounting procedures, and standardized operational business practices. Because of globalization, we see the use of standard sized
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