As the rapid growth rate of economic environment in current world market, economic globalization is affecting emerging countries economic development by increasing oversea business activities such as FDI, export-import, also the culture communication between different countries are interacting and influencing each other during diplomatic business activities. The globalization also simulates innovation and creativity in the emerging countries; it encourages the spirits of entrepreneurship and drives the emergence of innovative business models. China as one of the fastest growing countries in efficiency-driven economy system, where economic growths are based upon manufacturing in domestic markets, outsourcing, and exporting products to foreign
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.
Running head: PROTECTIONISM ECONOMY 1 How National Economic Protectionism Helps National Economy Growth Yuhua Li Stony Brook University Abstract Key words: economic protectionism, economic growth, challenges, profit, free trade Introduction The idea of globalization has been widely adopted by the majority of states collaborating to deliver quality products at affordable prices. The wide campaign for open markets and increased relations is for the obvious reasons including specialization and increased productivity, the creation of quality commodities and innovation, and the identification of new markets is hence improving organizational sales. However,
These in turn were built on foundations laid by the inclusive political institutions, which were achieved thanks to the Glorious Revolution. It was this Revolution that strengthened and rationalised property rights, improved financial markets, undermined state-sanctioned monopolies in foreign trade, and removed the barriers to the expansion of industry. Moreover it made the political systems open and responsive to the economic needs and aspirations of society (Acemoglu & Robinson, 2012). And while many European countries had an advantage due to the Enlightenment, England could uniquely possess an adequate supply of skilled craftsmen who were afforded the freedom to be entrepreneurial (Clarke, 2014). The combination of inclusive economic institutions and excellent schooling helped men to find their talent and vision (such as James Watt) and gave them opportunity and incentive to develop their skills and ideas and influence the system in ways that benefited them and the nation (Acemoglu & Robinson).
I think globalization is very important and it become more necessary for now socials, so I want to talk about globalization. Globalization is the fact that different cultures and economic systems around the world are becoming connected and similar to each other because of the influence of large multinational companies and of the influence communication. Globalization will increase opportunities for firms to expand production in foreign markets, and countries has many benefits from economic synergy and collaborate in handing political, social and economic challenges and broad market allow producers to get more goods , and the global supply networks more purchasing options for the public and private entities. I collet some information from
The colonialist focused on transportation sector because of its importance in furthering European mining interests while as well in the aspect of agriculture, the transportation was largely to connect the agriculturally rich areas. They connected areas of high economic potentials. In a global capitalist market, an infrastructure investment brings about economic change which reduces trade costs and integrating markets. The transportation in colonial Africa brings a transportation revolution, because trade costs were extremely high before. Africa’s exports were comprised of raw materials such as oil, copper, cotton, coffee, and cocoa.
This project seeks to study how expatriates who are already on ground in Africa doing business overcame culture shocks and how future expatriate workers coming to do business in Africa can more easily overcome these cultural differences. The project intends to use Accra Ghana as a case study. Because of globalizations workers are rapidly moving from one continent to another. A lot of business opportunities in these countries motivate companies to expand into these regions particularly Africa. According to Deloitte (2013) Africa’s development shows characteristics that represent ample opportunity for the future and six major trends have been reshaping African economies and turning them into promising investment opportunities for the world’s largest consumer business companies.
The next positive aspect which is taken into consideration is that the developing countries now can receive sources of capital, new technologies from developed countries, which is very essential for the growth of a country. And in return, the developing countries let the developed countries’ companies do business in their countries. For instance, you can see McDonald’s store in almost every countries. In general, globalization has benefited both developing and developed nations, and became one of the most important factors that affect a country’s
Global supply chain management are important to facilitate and manage offshoring projects. In order to create a high quality product we need an excellent manufacturing facility because it is the heart of any organization. Furthermore, supply chain manager would need to have a comprehension on cultures, regulations, currencies, technology infrastructure and resource available at the global level in order to better manage. Module eight is about socially responsible supply chain management. Global supply chain is the one that hole the key to solve problem in the businesses.
The threat for TESCO and AEON is able to overcome by their strength. So that, the impact from threat able to face and solve it smoothly by this two firms. 5.0 CONCLUSION Based on the SWOT analysis, there a lot of information have been gain and able to compare between the firm that selected such as TESCO and AEON. TESCO and AEON is a huge competitive firm in retailer market and it able to contribute to economic growth in Malaysia. The SWOT analysis able to develop awareness and planning for future decision for that both firms.