Globalization has completely altered the way in which the world operates. The barriers that once hindered our ability to communicate and interact with people across the world have diminished. Globalization has become ingrained in all fields: business, government, economic, social. In this paper the role of globalization on society will be discussed and in particular, the impact of globalization on the business environment. Also, over the past few decades advancements in information technology have had a profound on the global landscape as well as on the progression of globalization. The argument will be presented, that innovation in information technology has been a major driving force behind globalization and that information technology has now become a key component of a corporation’s global business strategy. Globalization is such an expansive and intricate concept that it is often hard to define, but in the same way, because of its breadth there are many different takes on just what globalization is. Two well-respected anthropologists define globalization as, “the intensification of global interconnectedness, suggesting a world full of movement and mixture, contact and linkages, and persistent cultural interaction and exchange”.