Globalization in the 21st century reshaping consumerism, digitization, and politics.
Globalization has changed how businesses operate by focusing on understanding consumer needs and involving them in the evolution of the business. In the past, companies mainly focused on marketing to customers, but now they are shifting towards marketing with customers. This shift involves adapting to challenges like radical consumerism, digitization, and politicization. The key to success in international business lies in matching firm competencies with consumer needs while upholding values like product quality and customer satisfaction.