This machine was soon replaced because modernization in technology which “offered real benefits to workers” when before, machines were “relatively slow, unsafe, and physically demanding” (131). In other words, automation restructured American economy after World War II and served to be the main tool for manufacturing operations in which was followed by many other industries for fifteen years. Overall, the development of automation was a huge success in increasing the economy and productivity in helping the American city become what it is
‘Loyalty is the new King’- Loylap paves the way -Krishanu Sharma, M.Sc. Digital Marketing, UCD Michael Smurfit Graduate Business School “If you are looking for a new customer for every new sale, soon the pool is going to go empty”. Repeat sales are now an unavoidable aspect of SME’s and even big companies. Customers are hard to find by, and hence important to retain. Such is the philosophy of Patrick Garry and Connor O’ Toole, who have taken the initiative to provide with the available technological tools that make possible for the companies to understand their customer landscape, and design customized loyalty programs for them.
In this context, US policies offer Nike the opportunity to modernize their product (Research and Markets, 2007). With the policies of the government which offer low-interest rates, the competitiveness of the tax system and stable currency conditions assist the Nike growth. Nike gets the opportunities to advance the growth of business when the most market politic is in stable condition. The free trade policies promote better market penetration overseas. In infrastructure development, the government has helped a lot to the developing countries, thereby gaining an opportunity to Nike expand the range of market.
Yamato empowers the acknowledgment of the best conceivable conveyance administration profiting different sorts of clients. Administrations actualized under the witticism "Everything for the client" are presently ready to realize a noteworthy change in day by day way of life examples likewise in the more extensive Asian market. This not just applies to administrations for individual clients. The Yamato Group is additionally internationalizing its corporate logistics arrangements. As business exercises are turning out to be progressively worldwide item producing as well as parts acquirement exercises are turning out to be exceptionally enhanced.
Friedman raises a strong argument saying that the world has been interconnected and depended from couple of decades as the emerging of various innovations in the field of technology and connectivity. This process has lead to the organizations being able to be more cost effective and production efficient. His argument is being supported by the activates that various multinational organizations are doing in order to expand their markets. He sites various examples like the United States opening their various customer support sections in India as this was being able to get them fine manpower with reduction in huge cost who were able to accomplish the task. Friedman’s book “The world is Flat” when launched was sold in millions of copies and has gained the stardom of being the one of the finest books, for the understandability of the globalization, its consequences, reasons for its
3 Pro-activity: that measures the activity with external demands. 4 Voluntarism: the firm’s decision to participate in CSR. 5 Visibility: is how the stakeholders react to the CSR activities in response. On the whole the management theory abridges the socio-economic factors with the performance of the organization. CSR is important for the multinationals to perform in foreign countries because of the growing competition and other challenges that are faced by an organization; the management theory is used as a tool to encounter such challenges ( Ismail, 2009).
The Impact of Technology in Cross-Cultural Trade In Neil Postman’s Technopoly, he claims that society has surrendered its culture to technology. With an exponentially increasing world population, international trade has played a crucial role in expanding markets and growing economies, especially in developing countries. Contrary to Postman’s opinion, the world has not surrendered its culture to technology. Rather, society has adapted to the surge of technology, especially in terms of international trade to insure economic growth. It is extremely important to acknowledge that these technologies have not run culture out of existence, but have only helped nurture it by taking care of its people.
Globalization in its basic economic sense refers to the adoption of open and unfettered trading markets (through lowering of trade barriers, removal of capital controls, and liberalization of foreign exchange restrictions). Large volumes of money movement, increased volumes of trade, changes in information technology and communication are all integral to a global world. There is also a significant movement of people from one country to another for trade and work. Such increases in the movement of goods, labor, and services have weakened national barriers and restrictions that are imposed by a nation state. “ Coca Cola, McDonalds, and Nike are examples of such growth and proliferation.
Due to globalization, the economic borders between countries have vanished around the world since the 1990s and primarily in developed countries the capital accumulation has risen. Thus, the countries can no longer isolate themselves from the rest of the world. After the large scale globalization, all countries had an effect on each other in political, economic, financial, social, cultural, and many other fields. When regional combinations were getting increasingly common together with globalization, the circulation of capital has drastically increased in synchrony with the increase in capital accumulation (Rubio, 2001). During this process while the free flow of capital has risen, trade has transformed into a more liberalized version and consumer habits have gotten to be like each other.
Insurance is the equitable transfer of risk of a loss, from one entity in exchange of money. In today’s world, it is difficult to find a person who is not fully insured. Thus, insurance is a means to manage possible risks, as no one wants to face any type of a loss. It is evident that the insurance companies are now profiting to a greater extent since everyone wants to be on a safer side and avoid risks. This has in turn helped in the economy’s development and growth.