This was difficult for them to bounce back from but with determination they were able to do so. Manufacturing was a difficult task for Atom. When forecasting manufacturing they did not correctly take in account their current market performance. In their case it would have benefited them in profit if they would have taken more of a risk and properly forecasted their demand and applied lean manufacturing. Setting up manufacturing in Shanghai was a well thought out move because it kept cost low for them so they could turnover more profit.
Sometimes they would face unfounded criticism and the income they gain is often disproportionate to their work which leads to bad job performance. It true that employees’ performance is crucial to the development of companies. Nevertheless, these problems are not completely caused by zero-hour contracts. On the contrary, it results from the lack of protection for casual workers. If the government could introduce corresponding polices to protect the rights of these workers, guarantee the minimum of income and grant subsidies if necessary, then their degree of satisfaction will be enhanced which leads to positive performance towards jobs.
Companies outsource their CRM systems mainly because they want to improve their customer satisfaction: demand route or they want to reduce their costs in CRM: supply route (Kartik et al 748-769). Companies may be forced to outsource their CRM systems if their own systems are failing in giving their customers the best utility. In such cases, poor human resource especially in the front desk office is the main cause and as such, the company outsources the services to professional companies that would generate efficiency and further increase their shareholder value. Similarly, if a company concurs that it will be cheaper to outsource CRM services than to incur the costs, outsourcing will be done in a bid to reduce their production costs and consequently increase their shareholder
When discussing externalities in general terms, positive externalities refer to the benefits and negative externalities refer to the costs associated with the production or comumption of a good or service. Negative externalites cause too much of a product to be produced and positive externalities cause too little of a product 's production. Positive externality i. A company provides funds for it 's employees to obtain specialized training or degrees. By doing so, the company can be benefited by increased production which also benefits the customer.
Retention is highly important, especially in these days of extremely low unemployment rates. Finding new people and training them can be prohibitively expensive as well as negatively affect company culture (Managing for Employee Retention 2017). Another benefit is improving communication. Through improved communication, the business will benefit from the top down and it will help the bottom line. Coaching is integral to keeping employees on track, to increase their effectiveness and in doing so, to improve the organization.
Disadvantages of Multinational Corporations: • Potential Abuse of Workers Multinational companies often invest in developing countries where they can take advantage of cheaper labour. Some multinational corporations prefer to put up branches in these parts of the world where there are no demanding policies in labour and where people need jobs because these multinationals can demand for cheaper labour and lower standard in healthcare benefits. • Threat to Local Businesses Another disadvantage of multinational corporations in other countries is that they have the potential to dominate the market. These giant corporations can dominate the markets they are in because they have the more renowned products and they can afford to even sell them at lower prices since they have the financial resources to buy in a much larger quantity. This can devour all the other small businesses offering the same goods and services.
Insurance is also a advantages thing as well as increasing loans, real estate taxes for a country. According to Dogra (2011), cheap labor is also a prominent merit to a host country. Immigrants dedicate their whole time to the work despite of they get less wages as compared to their counterparts. Moreover, there is a great difference between in wages for equivalent jobs. According to Oak (2011), diverse culture has a significant impact on host country.
disadvantage. The small retailers must be given the opportunity to provide more personalized service, so that their higher costs are taken advantage of by large supermarkets and hypermarkets. (Guruswamy, Sharma, Mohanty, Korah, 2005). India receive one tenth of FDI of that of China. The most favourable level of FDI is one which helps to contribute in the growth of productivity, which enhances learning on the job, and generates considerable transfers in the economy and this level of FDI is low in India than other developing countries like China.
It associates competitiveness in countries with good infrastructure, ample education and strong international orientation. Disadvantages: • Competition can result in loss of jobs especially in the manufacturing industry because in order to stay competitive move offshore in pursuit of cheaper labour. • Firms can exploit people, industries and resources in less developed countries in order to fend off competition.. e) Industrialisation Advantages: • Industrialisation sees an ample growth of industries which has resulted in larger scales production of goods which are available to consumers at cheaper rates. • It has raised the standard of living of the people very considerably. • It has also led to the development of new of transport measures enabling quick export and import.
In many countries, employers are paying bribes less frequently and in relatively smaller sizes (as a share of income) and they view corruption as less of a problem for the operation and growth of their businesses. Since corruption is becoming more significant problem associated with the development, an even more important role is played by monitoring corruption. This is the big advantage for the European and national economies in transition, monitoring has shown that policy reforms can have a significant impact. In the last few years there has been significant economic growth and corruption has decreased. Major role played by personal qualities, strong leaders are needed to develop and push forward the reforms.