Increasing Globalisation
What's the issue?
Today more and more corporations are extending their facilities overseas, often beyond their traditional operating regions. What principles and standards should organisations like Prudential apply?
What's happening?
The world economy is changing. Developing economies such as China are growing fast, with increasingly skilled and qualified workforces.
Globalisation is an economic trend resulting from reduced trade barriers and instant communications, in which transactions, capital and investment cross geographical borders irrespective of time zones and distances.
No international business can afford to ignore the opportunities for growth, cost efficiencies and service improvements that a global market presents. These are key business drivers that contribute to sustained profitability.
It is predicted that many corporations will continue to explore the potential of an increasingly connected world economy.
The challenge in a nutshell?
As an international business, our objective is to apply consistently high standards throughout our operations wherever they are located, achieved through clear policies and effective governance. We believe that the result is socially acceptable business growth, bringing social and economic benefits to regions and locations and enhancing our ability to create and maintain market access for our products and services. |