Date Added: May 2009
The two main goals for globalization are both the initiative to tap into new markets for increases sales as well as the desire to streamline and decrease manufacturing costs. While the goal to tap into new markets is the primary goal for most companies (almost 80 % of companies surveyed), in today's economic environment, more than half of these companies are also looking in parallel to cut down costs as they are looking at their business from a more global perspective. Going global has its challenges from a business and technological perspective. There really is no perfect panacea when responding the complicated ERP, Enterprise Resource Planning, system requirements that arise when globalizing a company.