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Globalization is a process that increases the movement of money, ideas, labor, goods and services across nations. It reduces the barriers that are present among nations to increase the low to man, material and goods. Globalization was possible because of lower quota and tariffs. The success of the business depends on its efficiency and globalization is a key to achieving this efficiency. On the other hand, it reduces the ability of local business to take decisions as their decisions are now dependent on the situations that are prevailing in the market. Globalization has also helped the companies to gain the competitive advantage by lowering their operating cost and allow them to access new global markets (Mohaghegh, A, 2016). For example, a car manufacturing company in Japan buys its raw material for developing countries, assemble it in a country where labor is cheaper and then sell it to various countries in the world
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