This paper explains that, because new communications technologies put corporate headquarters milliseconds from any spot in
the world, globalization is essential if companies are to have a competitive advantage and remain in business. The author examines four basic philosophies of globalization: (1) The economic advantages of globalization, (2) the migration of workers, (3) the effects of First World economic powers on developing nations and (3) the survival mode and identities of a company, its products and reputation. The paper proposes some guidelines for successful globalization of businesses: (1) Expand internationally without disrupting local government,
communities and domestic policies; (2) encourage
innovation and product expansion rather than limiting competition; (3) leaving something of value for the nations and communities involved in this global expansion and (4) prove that "big" can be "better" in terms of product pricing, innovation and line extensions.