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Seminar paper from the year 2001 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3 (A), Schmalkalden University of Applied Sciences (Economics), course: Accounting and Controlling, language: English, abstract: Globalization of business that began in the 1970s and matured in the 1990s, has replaced the concept of national exchanges with global transactions. Technology is the prime mover of globalization and globalization is a major mover of competition. This book is set out to examine the effect global competition has on the process of strategic management.