Abstract
Two thirds of today’s business operates globally – global markets, global operations, global financing and global supply chains (Edmonson, 2000). Virtually all companies are now part of more or less complex supply chain spanning multiple countries, regions and continents (Ogulin, 2003). Globalization can take the form of selling in foreign markets, producing in foreign lands, purchasing from foreign suppliers, or partnering with foreign firms. Companies go global to take advantage of favorable costs, to gain access to international markets, to be more responsive to changes in demand, to build reliable sources of supply, and to keep abreast of the latest trends and technologies (Russell and Taylor, 2003).
