Economic globalisation can be defined as the integration of a nation’s markets with those of other nations across the globe. It can be characterized by; a nation’s economies accepting goods, businesses, capital, services and markets from other nations, the movement and operation of firms, corporations and capital on a transnational scale and the process of integrating diverse spaces and distances through economic exchanges, commodity chains, communication flows and production systems (Mishkin 2006:1-2, Tonkiss 2006:4). Tonkiss (2006) argues that globalisation is facilitated and fostered by innovation in technology and the growing reach of transnational corporations (hereafter referred to as TNC’s). Innovation in information and communication technology, transport and production technologies, has allowed the barriers of time and space to be condensed. This provides businesses with the opportunity to operate on a more global scale (Tonkiss 2006: 5).
Globalization is the key to survival that allow to a company to be competitive and offer diverse services and convenience to consumers. Benchmarking analysis that compares competitive companies with their process and performance metrics to industry requires a comprehensive research. In a successful business, effective tactical development inevitability to manage finance is essential. Financial management is a comprehensive tool that monitors and willpower to improve a company’s success. When I was conducting the research for financial statements, there were many interesting.
These forces encompass raw materials, instant capital, and people. Other factors PepsiCo faces are labor skills, socioeconomic opportunities, including uniqueness, and division in population, labor costs, gender, race, class, language barriers, trading arrangements, technology, and ambiguous rules (International Business, 2005). Response PepsiCo responds by defining core beliefs by making the utmost of diversity assets and aptitudes to aid corporate success. The organization takes abundant care to interlace diversity and presence into the culture to progress as a global, and multicultural organization adept at serving the world’s societies effectively ("Performance with Purpose" 2011).
Influences on operations management have multiple effects on businesses. An understanding of external influences can help a business be able to manage and respond to them efficiently by implementing various strategies which can make a business successful. Influences on operations management include Globalisation, quality expectations, cost-based competition, technology, government policies, legal regulations and environmental sustainability. Globalisation refers to the removal of trade barriers between nations, and is defined as the integration and interdependence of national economies forming a global economy. Apple recognised early advantages of globalisation and implemented various strategies to expand internationally which results in wide range of their stores all over the world now.
Globalization as Process and Project John L. Lackey November 13, 2004 Dale Bishop, of Hartford Seminary, defines the problem and challenge of globalization in a helpful way. He says we need to make an important distinction between “globalization the process and globalization the project.. Globalization as process,” he says, is the way “of facility of communication, not the least via the internet, as well as relative ease of travel, have brought the peoples of our world together in ways scarcely imaginable even 50 years ago...globalization as project has to do with the economic and political arrangements in the world made possible by globalization as process. Unfortunately, globalization as process, which has brought the peoples of the world together, has resulted in a “world radically divided in terms of access to the good things of life. United Nations statistics describe a world of haves and have-nots, with the gap between them wider than ever...a world of exploiters and the exploited.
Each ally was important for the acquisition of power. Through economic assistance, imperialism is able to promote political ideology while allowing that assistance to promote markets in the aiding country. For example, about ninety percent of United States aid to other countries is American produced goods and services. Julia Galeota, a 2004 Humanist Essay Contest winner, profoundly noted that the motives behind the United States cultural imperialism resemble the same justifications for American imperialism through the history of American foreign policy. These motivations are, according to the article, “the desire for access to foreign markets and the belief in the
The relationship between economics & global security is complex & not necessarily an immediate link to make. The relationship between economics & global security is complex & not necessarily an immediate link to make. It is central to understand the importance of a country's economic standing, or progress, & the effects that would have on the country as a whole. This can be done by exploring the theories of structuralism. In exploring the relationship between economic inequalities & global security it is also important to define the categories in which countries are classified with regards to their economic standing.
During this internationalised process, we can enjoy news, films, food, and culture among different countries all over the world. The process of globalisation has promoted mutual understanding to other countries and cultures which are developing in different background. More specific, the process of globalisation firstly derived from the international trade and, among this global economic progress the Eastern and Western worlds impact each other on all aspects of human life and the world system, just as Angermüller etc (2004) illustrates that globalisastion is a progress which is a fact and continuous, it is celebrated by neo-liberal
While Friedman believes globalization has changed core economic concepts, Ghemawat’s research indicated four areas of differences “…those related to cultural (language, customs, religion, ethnicities, etc. ), administrative/political (laws, trading blocs, colonial ties, currency, etc. ), geographic (physical distance, lack of land border, time zones, climates, etc. ), and economic (income levels, cost of natural resources, financial resources, human resources, infrastructure, information, etc. ).” It is on this grand scaled view that Ghemawat is able to protest that the world has yet become
Diversity is generally defined as accepting & valuing the differences among people in terms of ethnicity, class, gender, skills, abilities and age. In today’s world due to globalization of markets the workforce are increasingly becoming heterogeneous. Diversity in progressive organizations is gaining much attention & they are spending huge amount on diversifying their workforce. Thus diversity has been recognized to be the most important organizational resource to gain and maintain a competitive edge (Richa, 2013). According to many studies diversity can help organizations in many ways like in creativity, better understanding competitions in the market, solving problems effectively and strengthen the organization (Fabrice & Emmanuel, 2013).