I love this question. Not being sarcastic, but it’s really one of the things that I really enjoy talking about, since globalization is one of those things that is pretty much inevitable.
Ways for companies to be competitive in a global market place:
1.) Lower transaction costs. Technology is a big driving force in this area. Instantaneous payment receiving and sending with intricate inventory systems that keep up to date with all sorts of other people.
2.) Employ the Total quality management philosophy (TQM). This, as I understand it, is the main driving force making all sorts of companies better equipped to globalize. This means just in time production (JIT). JIT is where you only keep minimal inventory, so you don’t waste money on storage and inventory fees, but you at least have enough on hand to sell to anyone who is interested in buying at any given time. Lots of specialists analyze production to see where this given input and output would be.
Basically, total quality management is a "is a management strategy aimed at embedding awareness of quality in all organizational processes. TQM has been widely used in manufacturing, education, government, and service industries, as well as NASA space and science programs.
This basically is the bread and butter of the whole ‘making companies more competitive in the global market’ question. I included the link in the sources if you want to familiarize yourself with it; it’s a handy concept to know and explains it in laymens terms.
Hope I could help!