economic growth and business results of companies, thereby positively affect the production and business efficiency of enterprises and vice versa Integration factor It is true that globalization is a.
economic growth and business results of companies, thereby positively affect the production and business efficiency of enterprises and vice versa Integration factor It is true that globalization is a trend, and this trend creates competitive pressure from competitors from all regions In the process of integration, businesses will have to adjust to the comparative advantages and division of labor of the region and the world The important thing is that when integrating, trade barriers are gradually removed, businesses have the opportunity to trade with partners located far away from geographical areas the domestic market where the business is doing business, but also customers from all over the world, thereby contributing to improving the efficiency of the business Technological factors For enterprises, technological factors such as technology copyrights, technological innovations, trends in automation, electronics, and computerization have shortened the product life cycle and created new products have better performance but lower production cost Because businesses must pay close attention to technical and technological information, today new technologies from inventions in the laboratory are mass-produced, bringing products to market in short time, is an opportunity for businesses at the early stage to immediately grasp the latest technology to achieve great success, not inferior to businesses with a considerable thickness Technical and technological factors to be analyzed: Level of development and technological innovation pace, new product development speed, and transfer of new technical technologies in the industry in which the enterprise is operating.- Macro-environmental factors have an impact on each other and play an important role for businesses Cultural and social factors Each country and territory has its own unique cultural values and social factors, and these factors are the characteristics of consumers in those regions Cultural values are values that make up society, which can foster the existence and development of society Therefore, common cultural elements are protected on a very large scale and closely, especially spiritual cultures However, there is no denying the cultural interference of other cultures into countries This intersection