Christopher Columbus's voyage across the Atlantic in 1492 was a tale that every child had heard. He went through sun, wind, and rain with three ships, departing from Spain. He is mainly recognized for his famed belief that the world is flat, which is more significant than this particular incident. What if old Chris was correct—what if he was right? He wasn't right about the physical makeup of the planet, of course, but if we consider how businesses compete on a global scale, his thesis does hold some water.

In the era of globalization and domination of world monopolies, competition in international relations is growing and its forms are getting tougher. Global competition becomes a form of international competition in which the position of an enterprise in one country affects its competitive position in other countries.

The services or goods offered by rival businesses that cater to global customers are referred to as being in the global competition. Consider organizing a race or a pie-eating contest. These are illustrations of competition on a smaller scale, when individuals are pitted against one another to see who is greatest at their area of expertise. What a business excels at is its core competency. Due to greater earnings and a level playing field in business, organizations may now purchase and sell their services globally thanks to global competition.