Global vision

Definition

Global vision is the ability to perceive business opportunities and threats in the global marketplace and understand how they relate to domestic operations. It involves recognizing cultural and economic differences and leveraging these insights for strategic advantage.

Related terms

International Trade:

The exchange of goods, services, and capital between countries or territories, enhancing global economic interdependence.

Cultural Competence: The ability of individuals and organizations to effectively interact with people from different cultural backgrounds, crucial for successful global business operations.

Economic Globalization: The increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital