One of the developed countries is Germany. Germany is one of the most highly developed countries after USA, Japan, and China. The German economy focuses on industrially produced goods and services. In particular German mechanical engineering products, vehicles, and chemicals are highly valued internationally. Around one euro in four is earned from exports and more than every fifth job depends directly or indirectly on foreign trade.
“Economic Influence on Marketing” claims, “To keep current, your business has to adapt to changes in the industry and must always keep its eye out for innovative, cutting-edge technology and product improvements” (Bradley). With the advancements of technology today, many new products come out on the market and the consumers taste begin to change. For example, with new technology such as laptops coming on the market to ensure that consumers will buy your product you have to have good advertising. The advertising has to relate interest to consumer along with provide valuable information such as cost and quality. Advertisements arouse competition in companies, which provide better quality in goods and services.
Ford Motor Company’s SWOT Analysis – Recommendations The main issues highlighted in this SWOT analysis of Ford are limitations in speed of innovation and scope of its production network as well as much competition with existing firms and new entrants. Ford needs to improve on its research and development investments and elevate its innovation speed to address tough competition and the entry of high-tech firms in the industry. Also, Ford needs to expand its production network to increase economies of scale, which can lessen the costs and prices to make Ford automobiles more
The growing competition in global markets today has led industries and corporations to find different approaches for reducing production and manufacturing costs to keep their competitive edge. This case highlights the issue of quality in the product which was supplied by Agile Electric. Automek Inc. is a multinational company based in US, whereas Agile Electric is based in Chennai, India and makes auto components such as electrical parts for the automotive industry. Agile Electric plant is recognized to produce and supply electrical motor and parts both for local and international automotive clients. In line of their massive success and growth, “Agile had implemented a few of the best practices in manufacturing in its operations, such as workplace organization, dashboards and visual management, which were incorporated on the lines of Toyota Production Systems.
Also, the internal structure of Alibaba viz its division in 1688.com, Taobao.com, Tmall.com,Aliexpress.com etc help in efficient operations, as well as cost reduction since this, helps them to serve specific segments of customers. Alibaba – Going Global In order for its sustained growth, Alibaba is increasing its reach of operations. It is expanding into Asia Pacific region, Americas, and Europe. The customers of these regions have different demands. Hence Alibaba has taken following steps to help its global growth: a.
is focusing on brand awareness and product improvements by increasing its financial investments in marketing and advertising. They are expanding their retail footprint by opening more stores worldwide, and they are looking to keep up with the adoption of cost-leadership strategies competition, through the implementation of product differentiation strategy, hoping to continue to be the leader of new technological innovation. - Apple Inc.’s future strategic position Apple Inc. still believes itself in the growth or development as it brings new hope and improves products to market in the near future. Apple Inc. is the most innovative product developer and the image of Apple Inc. is positive. It allows to cover the integration with its distributors, suppliers and competitors.
The manufacturing business is a great example of this, “manufacturing in the U.S. grew by 250,000 jobs after NAFTA”(Marketplace). NAFTA has had a beneficial effect on the automotive business, “NAFTA helped the U.S. auto industry survive”(Hanson), without the help of this trade agreement cars would be produced at a much higher opportunity cost. Although now, the U.S. is able to trade with Mexico and Canada who are both making car parts at a lower price while still producing efficiently, “The U.S. auto industry designed a very efficient production network that spanned the U.S., Mexico and Canada.”(Hanson). The trade agreement made products from Mexico and Canada cheaper to import.,“NAFTA increased farm exports because it eliminated high Mexican tariffs”(The Balance). Finally, The North American Free Trade Agreement has caused the U.S. economy to “boost” as much as “.5% each year” (The Balance).
Countries like China, japan and Taiwan has improved their efficiency in production and are able to reduce the price of the product, and India being country with huge consumer base and high Demand has become their prime market. Also the goods produced by Indian manufacturer are being exported to neighbouring countries like Bangladesh; Srilanka, Nepal has made India to focus in Asian countries for their trade. Conclusion India has always followed a development model for its International trade since the liberalization in 1990s.The services sector in India has shown a tremendous growth which can be attributed to ever increasing IT sector in India. Manufacturing sector on the other hand has grown in comparatively slower pace. The overall performance of the Indian manufacturing sector has widespread implications for various aspects of the economy; employment, being one of the chief areas of impact.
Even the international companies bring considerable economy growth to developing countries such as technology transfer and job opportunity. Nevertheless, the multinational corporations also bring problems to developing country like harm human right. However, it is believed that multinational companies bring advantages morn than disadvantages. The developing country should increase the economy in the short term because competed economy can enhance competitive strength in the world and ameliorate the life of developing country people such as using additional finance develops capital
Amkor Technology Philippines, one of its manufacturing facility maintains a long term strategic vision through quality, leading edge technology, assurance of supply, and cost thru competitive pricing and efficient operations. The global semiconductor market has been experiencing a stimulating growth in recent times because of the advancement in technology, emergences of mobile devices and consumer electronics, and a new application areas are further expected such as the in the field of automotive where more and more integrated circuits are being installed as the industry migrates from analog to digital. Although intense competition, pricing pressure and product life cycle and cost hamper the growth of semiconductor market, it is anticipated that the global semiconductor market will sustain positive growth in the coming years.