Impact of Globalisation on the Music Industry Essay -- Globalization E

Define and explain globalisation, then critically evaluate and illustrate the impact globalisation has had on a particular business, the industry it operates in, its coarse of origin and the country or countries the business has expanded into. In this stem I will be discussing how globalisation has impacted the medicinal drug perseverance in recent years, and in particular the multi-national giant Universal Music Group (UMG). Globalisation is a noun that is hard to define it has many definitions depending on which scholar you talk to, which dictionary you reference, and the mountainpoint you take. The Oxford dictionary will evidence you that globalisation is the process by which businesses or other organisations develop transnational influence or start operating on an international scale (Definition of globalization in English). Peoples perspectives on defining the boy vary depending on the place they were born, where they have lived, the religion they follow, their social status, policy-making ideology, cultural background and wealth, amongst other things, because all of these will affect whether they view globalisation to be a positive or negative occurrence. My pet definition comes from Kenichi Ochmae a Japanese organisational theorist most recognised for introducing Japanese management methods, such as the just-in-time method of production, to the Western world. In 1992, Ochmae say that globalisation is the onset of the borderless world (Al-Rodhan, 2006). This is my preferred explanation of globalisation because it is so simple to digest. From the phrase borderless world alone you can begin to pick up exactly what globalisation is all about, however the simplicity of this definition is withal its downfall because it is very non... ...ndi, a Paris-based multi-national who in 2012 declined an offer of 8.5 billion US$ for the company from SoftBank (Staff, 2013). Universal Music Group operates in over 60 countries across the world with its corpo rate headquarters located in Santa Monica (California) and Broadway (New York City) (FAQs, 2014). The firmly owns many massively successful record labels including Deutsche Grammophon Capitol Records, Decca, Def Jam Recordings, EMI Records, Interscope Records, Island Records, Mercury Records, Motown Records, Polydor Records, body politic Records, Virgin Records and many more. This puts them is an extremely fortunate position in the medicine industry because they own many back catalogues of artists who have experienced huge fame and have the ability to attract new talented artists because of their history and the prestigiousness linked to the names of the labels they own.