...Management & Strategic Competitiveness Dr. Machuca 7/13/2014 Globalization is a concept that can be positive as well as negative as it refers to companies around the world and the effects it has on the global economy. Globalization can be referred to as a global movement that is integrating economic, financial, trade, and communications. Globalization will continue to be a force around the world because the global economy is continuing to be more dependent on each other. Even though globalization has been going on for centuries, there has been a new wave of policy and technological developments that have increased relations between trade and investment, and has led to a newer phase of global economic development ("What is globalization | Globalization101", n.d.). A positive outlook on globalization is the fact that there has been a reduction in the prices of goods and services throughout the world. It is reported that the volume of world trade has increased by 20 times, and the foreign investment between 1997 and 1999 has doubled from $468 billion to $827 billion ("What is globalization | Globalization101", n.d.). The negative aspect of globalization can be seen as a downfall for some companies that have not been keeping up with the demands of globalization and contributing to the some economies that are not the most stable because of unemployment and companies closing. Some can also argue that globalization has a negative impact because it benefits multinational corporations...
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...Planning, leading, organizing, and controlling are all of factors that help to the decision making process among managers. The managers strive to remain ethnical through the challenges and the innovative technology that has increased globalization. Globalization is the process that increased the link, and independence of the world, market and business. (Ellans, 1998). External factors have a terminal effect on an organization planning. It takes through planning in marketing a product. A great mangers needs to come up with ideas that will provide, and profit for the other countries. Leading globalization can be very difficult and this may cause a problem with the other countries wanting to use the product because they are not familiar with it. This is why you need to go in great detail as to why the product would benefit the other countries. Example is the cell phones they can cause a lot of trouble. This includes the contracts, communication, rates, service for the Internet this issues have been the great topic for the subscribers with the cell phones. By controlling the globalization through the cell phones the team must extent eh information about the product to the other countries to see if is useable around the globe. Through technology the information needs to be organized so the customers are better informed about the pricing and the information before the purchase. The process of getting internal and external factors that an organization is very difficult to the planning...
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...Globalization: Meaning, Definition and Features Globalization of markets refers to the gradual integration and growing interdependence of national economies. Globalization allows firms to view the world as an integrated marketplace that includes buyers, producers, suppliers, and governments in different countries. Market globalization is manifested by the production and marketing of branded products and services worldwide. Declining trade barriers and the ease with which international business transactions take place due to the Internet and other technologies are contributing to a gradual integration of most national economies into a unified global marketplace. The Drivers of Market Globalization The exhibit presents an organizing framework for examining market globalization. The exhibit makes a distinction between: (1) drivers or causes of globalization; As market globalization intensifies, individual firms respond to the challenges and new advantages that it brings. However, keep in mind that firms do not expand abroad solely as a reaction to market globalization. They also internationalize proactively, in order to pursue new markets, find lower-cost inputs, or obtain other advantages. Often, adverse conditions in the home market, such as regulation or declining industry sales, push firms to boldly venture abroad. Firms that do so tend to be more successful in global competition than those that engage in international business as a reactive move. Worldwide reduction of barriers...
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... ……………………………………… 9 1.4 Negative effects of IT ……………………………………… 10 - 13 1.5 Positive effects of IT ………………………………………. 14 - 17 1.6 Conclusion ………………………………………. 18 - 19 1.7 References ………………………………………. 20 - 22 1.0 Abstract The main goal of this document is to examine the IT (Information Technology) revolution and the concept of globalization as they effect developing countries. Globalization as one of the reasons for possible widening of the gap between the poor and the rich nations was examined and the emerging concept of "digital slavery" was carefully evaluated. The wide gap in availability and use of ITs across the world and the influences ITs exert on globalization at the expense of developing countries were carefully examined and suggestions and necessary policies were offered for developing countries to leap-frog the industrialization stage and transform their economies into high value-added information economies that can compete with the advanced countries on the global market. This is why it is important for Africa, in general, in particular, to...
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...Affects of Globalization and Free Trade The idea of free trade is a big issue in the United States because it has so many positive and negative effects on our daily lives. Free trade is a market in which goods and services between countries are traded by government rules and restrictions. Some of these rules and regulations include taxes, non-tariff barriers, quotas, legislation, and other regulations. These regulations are there to keep domestic industries from being taken over from foreign competition. Some people think that free trade is a good thing because when we get products from other countries, the consumers can actually afford them. If we had to make cell phones, computer, sneakers, and items like that here, no one could afford those things. On the other hand, because we are shipping so many jobs overseas, many people in the U.S. are losing their jobs. If we keep the jobs here, no one could afford things like a cell phone, and if we use free trade to get products from overseas, we lose jobs. This is called outsourcing. Free trade is an issue that affects many people, in both positive and negative ways. Free trade is one of the reasons people in the United States are able to have such nice things. People take everyday things for granted, such as cell phones, lab tops, cars, and much more. If all of these products were made in the United States, most people would not be able to afford them. By the United States being able to get goods from other countries...
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...network e.g. organizational system etc. What is Information System? Information System can be any organized combination of people, hardware, software, communications networks, data resources, and policies and procedures that stores, retrieves and transforms information in an organization. How Information Systems are transforming Business? • Cell phones, BlackBerrys, iPhones, e-mail, and online conferencing over the Internet have all become essential tools of business. • There are 285 million cell phone subscribers in the United States, and nearly 5 billion worldwide (Dataxis, 2010). • By June 2010, more than 99 million businesses worldwide had dot-com Internet sites registered (Verisign, 2010). How Information Systems are transforming Business? • About 39 million people watch a video online everyday, 66 million read a blog, and 16 million post to blogs. • Social networking site Facebook attracted 134 million monthly visitors in 2010 in the United States, and over 500 million worldwide. • Google’s online ad revenues surpassed $25 billion in 2009 Globalization Challenges and Opportunities WHAT IS GLOBALIZATION? • A process of interaction and integration among the people, companies, and governments of...
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..."Globalization, as defined by rich people like us, is a very nice thing... you are talking about the Internet, you are talking about cell phones, you are talking about computers. This doesn't affect two-thirds of the people of the world." Jimmy Carter’s quote on globalization highlights its effect on both the majority and minority. The quote talks about how the often stated positive aspects of globalization only affects a small proportion of the world; only one-third. Despite the fact that the quote is probably outdated since Jimmy Carter stepped down from presidency in 1981, it still holds very true in our own world. Carter says that globalization is usually defined as a good thing by “rich people” who have access to things like “cellphones” and “Internet”, in the modern world only 33.34% have internet access. Basically, the problems of the majority of the world’s population is being marginalized and not being taken seriously. In our world, technological globalization is yet to truly globalize due to many reasons including poverty and lack of education. Globalization is described as the world becoming more interconnected but it seems that the world is actually drifting further apart in terms of wealth. The path that globalization takes is usually determined by the influential and wealth who are disconnected from the true state of the world. Due to this, globalization so far has mainly made the rich richer and the poor poorer. Technology companies need to begin creating...
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...Skype, which also offers free services to users. In the past, sharing information between parties in different cities or countries could be very expensive - long-distance phone calls or face-to-face meetings were necessary. Today, getting information where it needs to go is cheaper and easier than ever before. Businesses save money, and globalization escalates. Because it's easier to reach out, it's easier to expand a business to other countries via Internet store. Cultural barriers are breached every day , as people use technology to learn more about doing business with other nations. This concept of fast-moving information and globalization contributes to a whole new way of doing business. Cell phone, smart phones, text messaging, and social networking have also transformed the promotional aspects of running a business in the post-millennial age. Examples of information systems and how they impact business and globalization The pace of information systems establishes a new concept of "instant" sharing. Some examples include: • Twitter - This short, text-like social networking platform allows businesses to build their brands before a global audience. Political revolutions and elections have begun to be influenced by mass gatherings on Twitter - it is a powerful tool for change and globalization. • Cloud Computing - This system allows business owners to sample high-tech software they might not be able to buy outright. Cloud computing allows businesses to pay servers...
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...Nowadays the internet has become our primary means of communication. Messages that took weeks to reach their destination now only take one minute at the most. In the case of urgent messages, telegrams that had at the most 3 sentence messages (in order to avoid a higher delivery cost) had to be relayed through trained professionals. Now you can simply send a text message free of cost from your personal phone. Most of these developments in communication technology have stemmed from one single invention: the internet. “It was the launch of Sputnik by the USSR that spurred the U.S to create the agency which became known as DARPA in February 1958 with the idea of regaining a technological lead over the USSR. (…) As a first step they aimed to connect computers at the Pentagon, Cheyenne Mountain and Strategic Air Command Headquarters (SAC). (..) The funding of a new U.S. backbone by the National Science Foundation in the 1980s, as well as private funding for other commercial backbones, led to worldwide participation in the project and the merger of many networks. The commercialization of what was by the 1990s an international network resulted in its popularization and incorporation into virtually every aspect of modern human life. Today, more than a quarter of the world’s population uses the Internet.” (DENNING, 2013). With the invention of the internet, communication became increasingly simpler, faster and more effective. Several internet based programmes allow the enhacement of...
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..."Globalization, as defined by rich people like us, is a very nice thing... you are talking about the Internet, you are talking about cell phones, you are talking about computers. This doesn't affect two-thirds of the people of the world." Jimmy Carter’s quote on globalization highlights its effect on both the majority and minority. The quote talks about how the often stated positive aspects of globalization only affects a small proportion of the world; only one-third. Despite the fact that the quote is probably outdated since Jimmy Carter stepped down from presidency in 1981, it still holds very true in our own world. Carter says that globalization is usually defined as a good thing by “rich people” who have access to things like “cellphones” and “Internet”, in the modern world only 33.34% have internet access. Basically, the problems of the majority of the world’s population is being marginalized and not being taken seriously. In our world, technological globalization is yet to truly globalize due to many reasons including poverty and lack of education. Globalization is described as the world becoming more interconnected but it seems that the world is actually drifting further apart in terms of wealth. The path that globalization takes is usually determined by the influential and wealth who are disconnected from the true state of the world. Due to this, globalization so far has mainly made the rich richer and the poor poorer. Technology companies need to begin creating...
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...Cell Phones and Globalization | By The Globalist The spread of cell phones has ushered in a new age of convenience for billions of people around the world. Developing countries, in particular, are benefiting from a wireless revolution that is connecting people in far-flung towns and villages — many for the first time. | | How many cell phones are there in the world today? Around the world, there are more than 2.4 billion cell phone users — and more than 1,000 new customers are added every minute (as of July 2006). (Washington Post) | Text messaging generated $49.4 billion in revenues for cell phone companies worldwide in 2005 — and is expected to yield $76.5 billion by 2010. (Pyramid Research) | | | What is the outlook? By the end of 2007, there are projected to be three billion mobile phone subscribers. (Nokia) What is remarkable about the mobile phone phenomenon? With 59% of users in developing countries, cell phones are the first telecommunications technology in history to have more users there than in the developed world. (Washington Post) What do people in the developing world stand to gain economically? An extra ten mobile phones per 100 people in a typical developing country leads to an additional 0.44 percentage points of growth in GDP per person. (London Business School) How quickly did cell phones take off? Back in 1980, the number of cell phones in the world was a mere 11.2 million — or just two cell phones per 1,000 people. (Federal...
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...Globalization What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? Globalization is defined as a shift towards an integrated world economy (Hill, 2009). Globalization can be explained in many ways, one is the globalization of production. For example, computer hardware or software, cell phones, food, and music are all products that are distributed globally. Globalization is the process in which economies of countries all over the globe become integrated over time leading to organizations having access to a larger market base and customers having access to a greater variety of goods and services. Globalization is also a method of communication and integration among the consumers, organizations, and governments of different nations, which is driven by international trade and investment and assisted by information technology. This process has effects on the environment, culture, political systems, economic development, and on human nature in societies around the world. Supporting the concept of globalization are several traditional international trade theories, including Free Trade, New Trade, and Mercantilism. List the major drivers of globalization and give three examples of each. Several drivers underline the continued trend of globalization in today’s popular culture. The first is the decline in barriers to the free flow of goods, services, and capital (Hill, 2009). Companies...
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...Japan to Apple iPhone "No Thanks" and Would Mickey Mouse Eat Shark Fin Soup these two case studies shows what happens when consumer behavior and marketing mix in globalization goes very wrong. These two studies reveal how marketer think they are giving a wonderful product and service in the case of Apple's the iPhone and Disney the Shark's Fin Soup. Understanding the consumer’s behavior and the customs and values of the culture impacted these two campaigns. Apologies good media press and changes in the strategy to get the approval of the consumers. Both case studies points out the impact of technology and how it at first affected the campaigns for bad with negative that changed the reputation of both companys. Apple's dilemma was very embarrassing for the company with negative reports and predictions of how the iPhone was going to sell in Japan. The propaganda was already put out to the media about the Japanese saying No Thanks to Apple concerning the iPhone 3. Apple thought that Japan would be ecstatic with the new product but supposedly the opposite occurred with reports of weak showing of the iPhone3. Of course with Apple being the cutting edge in technology and innovation in the western world Japan did not feel the same way about Apple's iPhone3. First Japan was a hard market to try to get into the for Apple and their competition Nokia, and Motorola, whose attempts to grab Japanese customers were futile. So this was going to be a difficult campaign for Apple. At the...
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...The role of Globalization of Social Construction of Youth Culture Introduction The purpose of this paper is to address the role in which globalization plays in the social construction of youth cultures. The phenomenal impact of communication technology on youth culture has generated a continuous debate since the 1970’s (Andrew, 2003, p. 1). The emergence of youth culture was a result of consumer market, which created diverse styles for young people worldwide (Grixti, 2008). Since the introduction of globalization, there has been a dramatic change in youth culture causing a greater shift within societies. As globalization rapidly changes, the world becomes more complex place for young people (Bourn, 2008). Therefore, a significant number of youth globally are having difficulties identifying themselves and finding their sense of belonging in this world (Bourn, 2008). Sociologist has provided strong evidence that globalization on youth culture has not only contributed positively to society but also have negative impact on the current global youth (Kahn & Kellner, 2002). To outline the aforementioned statement, the scope of this essay will confine on youth culture and the influential paradigm that contour youth cultural globally. The theoretical perspective such as post-modernism will be explored to provide a depth understanding of cultural studies. Altogether, this discussion examines the impact of globalization on communication technology and music and fashion industry...
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...consumer demand for new services or products. Forecasting assists in predicting sales revenue for at least five years in advance. Forecasting will also serve as a means to identify the target market and trends that could impact the sales of the new service or product. The cell phone industry has proven to be one with continuous evolvement. As technology advances the innovation and competitive market continues to generate more options for consumers at low competitive pricing. Consumers in the cell phone market are demanding higher quality cell phones with multi functioning capabilities that have forced manufacturers to create cell phones that combine numerous electronic devices into one cell phone. Cell phones are now being manufactured with the functioning of cameras, video cameras, computers, personal organizers, music players, global positioning systems (GPS), and streaming of television. Macro trends are long lasting and cannot be altered or manipulated, but evolve with life and time. Marketers must analyze and take into consideration the macro trends that are related to the company’s product to prepare and plan for the future accordingly. The cell phone industry must look at the macro trends in cell phones, technology,...
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