Introduction The international trade need to be developed by foreign companies with engagement in diverse activates to bring better result in globalized economy. The organizations must be involved in effective strategies in benefit of hearting the local and foreign markets in order to compete to other organization in a global level. Also with global font of communication, the channel of distribution become better by facilitating the foreign companies to conduct business in the worldwide. The organizations have highlighted the global markets throughout three major markets which are these the consumer markets, industrial markets and the government markets (Gaspar at al, 2014 p. 288).
Consumer Markets The organizations have designed as market strategies and laid the development of products and services related to the consumers’ preference and vantages of each product and service standardization (Vanaja, 2013). This procedure could be done through verbal or nonverbal communication. For example: Verbal is a strategy conducted through surveys to verify the consumers’ market segmentation by verbal communication which can be done directly face-to-face or over the phone. Through the verbal communication strategy the organization can find out the consumer’s satisfaction levels. Nonverbal is related to consumers’ behaviors and cultural differences. Nonverbal is detected through intercultural consumers analysis tool with which allows global companies to determine what extent consumers of certain nations are similar or different (Menon, 2013).Industrial Markets The industries operate effectively in a global market by engaging in strategic activities to offer their products or services in worldwide. They also operate a comprehensive global communications technology and infrastructure for an effective connections.
In order to conduct business, the industries offer require little or no modification in their products to serve customers of a global market. For instance, Treet Corporation Ltd. is manufacturer and distributor of shaving blades and soaps. They are global industry which also sales their products online. Their products require no modification to be sold in almost any market. Therefore, this industry ensure advantageous economies of scale (Treet corporation ltd., 2014).
“It highly determines economic power, employment and social welfare of the country” which cooperates with country development and consequently with global market (Startien? & Remeikien?, 2014). Government Markets The government function in a global market is connected to control welfare public in the economic and social behaviors as a whole which is considered necessary for regulations of local and international countries. This global attitude focuses on tradition of transitional inherent activities of equal prices diplomatic or global consequences. For example: when some goods traded by foreign coming from countries with contamination problem, the risk of contamination with diseases are high. These dependencies policies of other countries stimulate the global collaboration among governments in responsibility of human and animal health, which started in the nineteenth century. During the three last decades, the integration of information technologic process of telecommunication and transportation became extremely necessary for the coordination of policy in operating rules and regulations made between local and international government. For instance, policies and regulations between governments are made through agreements in global encryption service between two or more governments’ countries.
These encodings are linked to environments in reduction process of emissions made in greenhouse and global heating (Buthe & Mattli, 2011, paras 4 – 6).Conclusion When the companies variate and update their information strategic of conducting business, including specific information about benefits of their product or service, the global trade of these organizations would flow more effectively. They also should implement the appropriated sources of communication and technology to have fast and accurarated results in their connections. The organizations have the mission of conduct business ethically by following the governmental rules and regulations in order to keep business in global markets and offering their consumers to best products and services.