Globalisation and the Media Assignment Sample

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Introduction

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The globe has never been more interconnected. In the past 15 years, firms of all sizes have had access to a wide range of international opportunities. However, the advent of the digital age has brought with it a new set of difficulties. Understanding the difference between globalisation and localization, and how these terms vary from internationalisation, is one of the most important aspects of this discussion. If one conducting business in a totally different culture, they'll need to adjust their plans accordingly.

Since, emerging markets are difficult to access, from the strategy of market entrance through the development of a devoted consumer base. To be successful in emerging markets like Asia or South America, one need a well-thought-out strategy (Rigby, 2018). This will assist in avoiding mistakes and overcoming challenges related to language, culture, and the law. The brand and reputation will be better protected if one has a better understanding of its target audience. In this instance, conforming to localisation and globalisation becomes the key means to enter new markets and conceptualise effective marketing approach.

Evaluating The Context of Localisation

The modern world is often referred to as a global village, and purchasers are no longer restricted to a certain geographical area. The expectation of customers all around the globe is that they would be able to access a range of goods and information, not just on demand but also in their local language. If your firm is involved in the provision of these products, services, or solutions, it must be equipped with the required tools to navigate these global landscapes and be able to give global users with local experiences that are distinct and personalised to their requirements. When information, goods, and services are tailored to distinct local markets, this is referred to as “localization” (Saes and Hourneaux, 2019). Localization is more than just translating content into another language. While translation is the activity of converting a text from one language to another while maintaining the sense of the text, localization covers much more than just this practise. Images or colours, formatting, user interface (UI), and design, and even payment mechanisms are all examples of how localization may be applied to websites.

When launching a firm in the global market, one may run across a range of challenges that must be overcome. Legal stumbling blocks, logistical difficulties, cultural differences, and communication difficulties may all impede progress. While localization may not be able to remove all of these stumbling barriers, it may be able to aid you in negotiating cultural differences and avoiding cultural mistakes that might affect the company's image (Ho, 2019). If a company has a robust localization strategy in place, it will be able to enter a new market more quickly and avoid embarrassing translation blunders.

Yet, there are great many advantages ensured by localisation, for instance, competing against organisations that are already established in the local market might be challenging. Local firms may be able to acquire the confidence of their target audience far more quickly than an outsider. Making your product available in many languages will assist to level the playing field (Menapace and Fathinejad, 2020). If the competitors aren't localising their products, company will have a distinct edge and will be able to establish a strong footing in the new market much faster than they are.

Localizing business information demonstrates a company's dedication to its clients. A firm that addresses its customers' demands in a manner that they understand and are comfortable with increases the likelihood that customers will purchase the product or service (Hadiz, 2020). “Localizing all aspects of the customer experience, including user manuals, payment options, and even customer service, will make it much easier for consumers to make a purchasing choice in the future”.

Nevertheless, one organisational example of localisation is the case of WWF, formed in 1960 to safeguard endangered species and their habitats, the “World-Wide Fund for Nature (WWF)” has been working in the area of conservation ever since. In addition to serving as an excellent illustration of how information and knowledge can be used to fuel activism, they also demonstrate how localisation can be used to enhance these awareness initiatives (Ning and Yifeng, 2008). In order to enhance public awareness of conservation concerns, the WWF focuses on its digital footprint by offering direct access to latest scientific research and papers, as well as news, dialogues, and campaigns, all of which are relevant to conservation will the help of its localisation campaigns that are mostly done country specific.

Evaluating The Context of Globalisation

For the most part, individuals in modern society are unaware of the numerous benefits that globalisation has brought to their life, such as the availability of a diverse variety of cuisines and the most cutting-edge technologies developed in countries all over the world. globalisation has more advantages than drawbacks as enterprises begin to grow and extend beyond national borders (Saes and Hourneaux, 2019). There are various cultural differences across the world. In order for a company to grow into a new market, it will need to make changes to its business practises, such as recruiting new staff or educating new customers about the advantages of its product.

When a company or other organisation gains global clout or begins operating on a global scale, the Oxford English Dictionary defines this as "globalisation." Simply put, globalisation may be described as the free flow of information, goods, and services across national borders. It's a phenomenon that affects everything from commerce and geopolitics to tourism, entertainment, and the media.

Because the world is already so linked, most people aren't even aware that globalisation is always taking place. Businesses must be cognizant of the implications of the shrinking world for their operations' long-term viability (Safronova, n.d). It's risky for companies to refuse to go global since it allows their rivals to capture new market opportunities.

As the world becomes more interconnected, businesses are impacted in a number of ways. In spite of these drawbacks, there are several benefits to seeking international expansion, including:

1. The ability to interact with people from different cultural backgrounds

“As a result of globalisation, it is now simpler than ever to get your hands on international art, music, and cuisine” (Akpaca, Minaflinou and Afolabi, 2020). “When one live in a country that allows free movement of people, products, art, and information, one may order Thai cuisine and watch a Bollywood movie at the same time.”

2. The Dissemination of New Technologies and Ideas

“In an increasingly interconnected global community, information and new technologies spread swiftly. Scientific advancements in Asia may be implemented in the United States in a couple of days because information travels so quickly”.

3. Reduced Product Costs

With the help of globalisation, businesses may now create their goods at a lesser cost. As a result of the increased worldwide competition, customers benefit from lower costs and a wider selection. There are benefits to lower expenses for citizens in both emerging and rich nations.

4. Higher Standards of Living Across the Globe

“Globalization has raised the living standards of developing countries. Since 1990, the World Bank says that severe poverty has dropped by 35%. In addition, the first Millennium Development Goal aimed to halve the 1990 poverty rate by the year 2015 (Ho, 2019). As of 2010, this was accomplished five years early. Since then, approximately 1.1 billion people throughout the world have been lifted out of poverty”.

5. Access to New Markets

As a result of globalisation, businesses are able to attract new consumers and generate new income sources. Companies who are interested in taking advantage of these advantages are looking for new and flexible methods to expand their operations internationally (Menapace and Fathinejad, 2020). Importing employees from foreign nations has never been simpler according to International Professional Employer Organizations (PEOs). Because of this, many businesses no longer have to create a foreign organisation in order to develop internationally.

6. Affordability of New Talent

Fresh markets, as well as the ability to locate new, specialised talent not accessible in the company's existing market, are all benefits of globalisation. “When it comes to finding digital talent, globalisation allows corporations to look outside of Silicon Valley, such as Berlin or Stockholm. Again, International PEOs make it simpler than ever for firms to hire personnel in other countries without needing to set up a formal corporation”.

While conceptualising the examples of globalisation there can be many aspects such as economic, financial and cultural globalisations associated with business internationalisation (Hadiz, 2020). Nevertheless, Globalization is good for the economics of the globe, but it is also good for the spread of new cultures. There are many personal advantages to globalisation, so let's take a closer look at some of them.

• Under Alexander the Great's dominion, Greek civilization was widely disseminated over Africa, Europe, and Asia. As a result, dozens of towns throughout the world, including those in Egypt, Turkey, Iran, and Pakistan, bear his name.
• China-to-Mediterranean commerce was facilitated via the Silk Road. Culture and information might be exchanged, as well as products. A respect for Chinese culture started to spread beyond China's boundaries as traders learned about Chinese culture via their trading (Saes and Hourneaux, 2019).
• The spread of Christianity around the globe was aided by Christian missionaries from Europe. A new spiritual way of life was spreading around the globe as individuals moved from nation to country.
• Improved mobility allowed individuals to migrate throughout the world in search of better opportunities, which in turn led to the rise of globalisation (Ning and Yifeng, 2008). As a result of persecution or risk, many migrants escaped. All of a person's possessions may be sent to any location in the globe. Flights are quicker, more frequent, and in many cases, cheaper.
• Globalization also affects the food industry. For example, Indian cuisine isn't exclusive to the subcontinent. Rather, Indian cuisine is indeed been enjoyed in the United States, Europe, and beyond. Many people's curiosity in other civilizations is piqued by a single delectable dish from that country.

Rationalising how localisation and globalisation fits together

These two notions, globalisation and localization, are intertwined in the field of tele-translation and machine-translation, where they are used interchangeably. “Globalization” refers to a product “equipped at a technological level for localization,” while “localization” refers to “a process to support globalisation by resolving linguistic and cultural obstacles,” respectively (Akpaca, Minaflinou and Afolabi, 2020). Localization may be seen as a way to assist accomplish globalisation based on these two concepts.

“The source text's verbal messages are translated into their target-language verbal equivalents first when the translation takes place in the digital environment, namely Internet-related translation or, in O'Hagan's terms, “tele translation” (including translation carried out via Internet or translation of Internet-related area) (Saes and Hourneaux, 2019). Nonverbal communications, such as images, music, sound effects, and textual components, such as the layout, the colour scheme, and the typeface, are then adapted to appeal to a certain audience in a particular locale”. In order to make a product more marketable, translation and transformation are utilised.

Overall, globalisation and localization are tools for adapting to an ever-expanding environment and a changing social context. “When it comes to economic and technological, cultural and commercial globalisation in the same breath, translation plays an important role, as stated by Newmark in a 2003 paper titled “No Global Communication Without Translation,” which asserts that translation plays a critical role in facilitating this process. For globalisation, it is to select and represent translation materials to create global cultures and global identities, which are inextricably linked to mainstream languages and cultures. 'Form cultural identities to create representation of a foreign culture that simultaneously constructs a domestic subjectivity (Ho, 2019). It is clear that English has been the lingua franca of choice since the latter part of the 20th century”. As a result, as English becomes more widely spoken across the world, the demand for English-language culture grows.

Meaning that globalisation refers to the preservation and expansion of dominant languages and cultures, while localization refers to the promotion of lesser-known languages and cultures in order for them to compete with the big players. To put it another way, globalisation is at odds with delocalization.

A solution is in sight for the dilemma between globalisation and localization. For the first time in history, he reveals why translation work has grown at such a rapid pace throughout the globe. First, major languages like English have risen to prominence as the de facto language of global commerce and diplomacy (Menapace and Fathinejad, 2020). The other is that minority language groups prefer to send communications in their native tongues in order to improve communication. It's also possible to preserve “restricted dissemination languages” while simultaneously increasing the prominence of English as an international lingua franca. Thus, he concludes, the movements of globalisation and localization may coexist despite their seeming contradictions.

Conclusion

Although globalisation and localization appear being at odds, they are in fact inextricably linked because they support and enrich minor languages and cultures more than major ones, which in the context of business promotes marketing opportunities for reaching new markets and leveraging diversification opportunities, all of which contribute to the global economy's growth.