Impact Of Globalization On The Automobile Industry

Eli Vaye BADM 360 S02 Globalization is a key factor driving change and innovation in multiple industries. The expansion of borders, products, ideologies, and companies has created a new global market and force companies to expand their horizon beyond domestic consumers. An industry Globalization has had a dramatic impact on is the automobile industry. The dynamics of the automobile industry has expanded largely from a domestic industry to a completely global industry in which multiple companies have multiple manufacturing plants in different countries. The automobile industry has been so globalized that now companies export automobiles that are not domestically created. To understand the impact of globalization on the automobile industry we must first examine all aspects of the industry and globalization. First an examination of the factors that contributed to Globalization within the market place. According to an article by economichelps.org a key â€Å"From 1970, there was a rapid adoption of the stee l transport container. This reduced the costs of inter-modal transport making trade cheaper and more efficient.† Due to the cheaper and more efficient trade, markets in other countries became more appealing. The second contributor to globalization in the market place was the growth of multinational companies with a global presence in many different economies. These multinational companies started a trend and created a blueprint for many other companies to follow. Adding to theShow MoreRelatedExploring Multi Project Management And Its Impact On Either Market Or Organizational Performance Essay1277 Words   |  6 Pageslittle research that undertaken and explores multi-project management and its impact on either market or organizational performance. In recent years Auto manufacturers became more cared about the efficiency. 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