Globalization and Strategic Planning
Globalization entails accelerating movements and exchanging human beings, technologies, goods, and services worldwide. Globalization, therefore, can imply the growing interdependence of the world’s economies on the cultures and populations brought about by the cross-border trade in goods and services. It should be noted that the emergence of technology has changed the way businesses operate. This includes the strategic planning processes of an organization.
It is worth noting that with Globalization, organizations have increased access to information on cultural values and beliefs. This, therefore, denotes that the strategic plans that the organizations make should not violate any of these cultural beliefs. Ensuring these cultural beliefs are not violated provides stakeholders with their value to an organization (Lawlor, 2017). Therefore, the implication is that with Globalization, strategic planning should consider all the stakeholders to avoid violating their rights.
Consequently, Globalization has enabled customers to access information regarding the products and services offered by an organization and their prices. The customers, therefore, compare numerous organizations’ prices and the products’ quality. This implies that when carrying out strategic planning, managers are forced to pay close attention to their customers to ensure that they provide their needs (Lawlor, 2017). The strategies, therefore, revolve around the customer’s desires.
Reference
Lawlor, B. (2017). The age of Globalization: Impact of information technology on global business strategies. Honors Projects in Computer Information Systems, 1.
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Question 
Globalization and Strategic Planning
How does Globalization impact Strategic Planning?