Web Biz

Globalization is very important to all managers today, especially those governing Information Systems strategy in an organization. This concept is especially important today where we find ourselves competing with businesses throughout the world, and doing business throughout the world. According to Computer Desktop Encyclopedia, "Although many large companies have globalized for decades, the Web, more than any other phenomenon, has enabled the smallest company to have a global presence" (Answers.com, 2006). The connectivity of the internet and mobile devices have led the march to expand Globalization to a new level, no matter if one is managing technology or not. Outsourcing and global supply chains, among many business activities, take advantage of the technology that is available to bridge the gap between businesses and their clients, suppliers, customers, and employees.

Globalization has also had a major affect on finances, or the flow of cash in a business. People are investing in companies throughout the world, and companies are seeking financing throughout the world. This means there are many more opportunities, as well as much more competition, which puts a large demand on businesses in regard to performance in the marketplace. Globalization continues to effect the way we conduct business, and will hopefully have a lasting positive effect on the U.S. and world economies.