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Is Globalization Killing Local Business?

The fact that the influence of globalization has been driven by dramatic changes is not one of those “blinding flashes of the obvious” that seems to sneak up on us. It is very evident and even predictable. Advances in technology, markets, and environments were precursors to the big changes we are now talking about. Advances in technology have led to the current global grid driven by information. The primary mission of business is to provide solutions, and this technology explosion has provided opportunities and market applications for those solutions. Local businesses now have an opportunity to move beyond their restricted geography of the past into the global arena with the use of technology. A local store in a remote village in Kentucky has the same opportunity as a large store in London to access global customers. These could be exciting times for local businesses if they use technology to their advantage.