Globalisation has changed the overall dimensions of business practices undertaken by organisations. For the purpose of diversifying the overall risks faced by the business organisation in its domestic market place, it has started to find a suitable and potential market place for commencing different activities. Globalisation of business practices and international economy plays an effective role in this regard. Adoption of the phenomenon of globalisation in the strategic orientation of the company helps it to retrieve some intensive amount of benefits to it. Availability of cheap and adequate labour, availability of intellectual resources, diversification of business risks, and availability of vast market place are some of the prime benefits of globalisation availed by the company. Different theories reflect different dimensions and perspectives of globalisation and its impact over the performance of the organisation. Among different theories exploring the phenomenon of Globalisation, ‘World-system theory’ can be considered as a prime and precursor theory. The theory articulates entire world as a system in which different regions and economies work as components. This system regulates effectively with the help of effective co-ordination and integration of its different components in the most effective manner.