The company aimed also to benefiting from economies of scale. The cohesion between the structure of the company and the strategy applied is very crucial. The structure aligns the company with the strategy it wishes to implement, and along with the companies control systems and culture, will utilize the value-chain capabilities and competencies, and facilitate increased profitability, competitiveness and superior return on investment (Henderson, 1993). Procter and Gamble identified the rapid increase in globalization and changed their business strategy and the company’s structure in order to increase their exposure in many countries. This was to help it benefit from economies of scale and to remain competitive internationally.
Therefore, it is easily understood that customer service helps in enriching customer experience but it cannot define the entire customer experience. Process orientation determining customer experience It’s true that process orientation helps in determining customer experience. If a company assess its process from a customer viewpoint, it will result in an increase in its ability to enhance customer value. Further, it will enable the company to increase its competitiveness and satisfy their customers better. On the other hand, with the mapping of processes, companies will be better able to reduce their non-value-adding activities and increase various value-adding activities, which will ultimately ensure better customer
Also, neoliberalism increases good distribution and creates a more competitive business environment, which will push producers to make better goods while maintaining low and competitive prices. Some people believe that neoliberalism raises the efficiency of the market economy. Neoliberalism helps companies and the group of producers to gain tremendous power in the market. Enterprises will produce goods more actively to increase their profits. As a result, consumers and producers’ interaction will increase and the market efficiency will be
A country must also have a competitive edge in the international market the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world market. Depending on the paradigm, economic globalization can be viewed as either a positive or a negative phenomenon. Economic globalization comprises the globalization of production and Globalization markets in my opinion had a positive impact on the world economy
Globalization is a positive force for the world. Globalization also has a huge positive impact on the world’s economy. Allowing business to disrupt their products all around the world with ease. Globalization also allows people to experience different world cultures. Having Globalization supports free and better trade all over the globe.
Moreover market oriented companies can do better than their competitor hence it will increase their profit. Company will focus the needs of customers and try the best to meet their needs due to the level of competitive among the companies is high. It can be achieved by performing market research. In market research, the companies are gathering, record and analysis of data from the customer
Countries like Nigeria, Columbia, and Indonesia are prime examples, where these financial institutions, invested in organizations responsible for environmental degracion and destruction. Source URL: http://ifsw.org/policies/globalisation-and-the-environment/ Some advantages in the global era Globalization is driven through ideas and innovation, which leads to new technologies being created and this in return stimulates employment growth, causing economic expansion?n resulting in a more substantial standard of living in the process. The lowering of import tariffs and the destruction of borders, will contribute to work creatively, permitting people to move more freely between nations, and provides smaller companies to expand their brand as well as products into the global market. Another result of bilateral trade, is more cost effective resources and materials, that could be accessed together with an inexpensive yet educated workforce. A clear example of this might be when China opened its market to the rest of the world in 1990?s, allowing for countries such as the United States and Europe to consider
IMC enables reaching out to a company's target market audience in a consistent and effective manner that results in a higher turnover. Hence, the need for IMC is greatly
Secondly, more consumers are available when a business sells its products or services worldwide; this again leads to higher profits. Globalization is in fact all about growing globally, varied resources, diverse benefit – a business that believes in globalization is an unsinkable ship
It creates fair working and opportunities for those small businesses. It brings together nations to form a larger internationally based market and unites nations, in time a “world’s middles class” could be achievable to eliminate inequalities. (Geddes, 2004) It allows the expansions of growth within the economy such as tourism, growth in employment, the sharing of technological knowledge and a union of all the countries to promote a fairer, more efficient and equality based international