"Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas"

Jack Welch's quote speaks with the power of globalization and also just how it has actually transformed the method firms operate. Globalization has actually enabled firms to search the globe for the very best skill and concepts, instead of just marketing or sourcing items. This has permitted business to access a much bigger swimming pool of resources, permitting them to discover the very best people and also concepts to assist them be successful. By using the worldwide market, companies can find the most ingenious and innovative minds to aid them stay ahead of the competitors. Globalization has actually also made it possible for firms to accessibility resources from different nations, enabling them to take advantage of various cultures and viewpoints. This has enabled firms to come to be much more varied and open to new ideas, which can aid them stay affordable in the international market. Overall, Jack Welch's quote talks with the power of globalization and exactly how it has changed the way firms operate.