Global Competitiveness
As the world becomes a smaller place, economies are shifting away from national economies to global economies. Robert Reich, Ira Magaziner, and Michael Porter each offer a different view of how a company remains competitive in this global economy. Reich stresses the difference between American-owned corporations and American competitiveness. Magaziner highlights the growing need of innovation and the avoidance of national complacency. Porter focuses on his diamond of national competitiveness.
While Whirlpool is an American owned company—the company’s headquarters and upper management all operate out of America—the majority of the company’s factories and production lies overseas in South America and Asia. Similarly, while Toyota is a Japanese owned company, it has increasingly manufactured its cars within US borders. Whirlpool is an American company but does not benefit American competitiveness. Reich maintains that “foreign-owned businesses that benefit national competitiveness most are those that commit their engine of competitiveness to the host country.” Whirlpool may be American run, but Toyota’s factories in America create American jobs and train an American workforce, both commodities in national competitiveness. Reich further emphasizes the importance of a skilled work force: “A nation’s most important competitive asset is the skills and learning of its work force…[and]…National policies should reward any global corporation that invests in the American work force.” Stressing the skilled work force, as Magaziner has noticed, is not just an American necessity.
Magaziner gives two examples of countries who take national pride in training the work force: Korea and Singapore. Bo...
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...ompanies cannot compete, Tonelson gives two credible reasons for trade barriers. First, infant industries will have a chance to develop and one day be able to compete on a global arena. Second, hurting industries will have a chance to revamp their productions, regain efficiency and once again compete with the foreign product. On the other hand, Krugman believes that most nations use trade deficit and international competitiveness as a political ploy to impose trade barriers. Each country’s economy depends on the population within the country, not on what other countries are doing. Nations should thus not impose any trade barriers so that the foreign competition could both stimulate and replace inefficient companies. Meanwhile, nations should upgrade their workforce to efficiently produce goods that ship to other countries, creating a mutually beneficial cycle.
Corporations in the United States have proved time and time again that they are all about profit and not about what is good for America. One example of this is the fact that many corporations have factories in other countries, or buy from other corporations that do. Nike (an athletic shoe and clothing company) produces most of their shoes and apparel in factories in other countries, including Japan, South Korea, Indonesia, China, Vietnam and Malaysia. According to Nike’s factory disclosure list released May 2011, only 49 of it’s over 700 factories are located in the U.S. (Nike, Inc.) This means that thousands of jobs that could be filled by needy Americans are instead being filled by workers in other countries. This reason that Nike and other corporations outsource is very simple, it is very cheap to do so. In an excerpt from Jeffrey St. Clair's book “Born Under a Bad Sky” the author describes the vast differences between Nike’s production costs and retail prices. “In Vietnam, it costs Nike only $1.50 to manufactu...
The understanding of life seems quite simple for Hester in the short story “The Rocking-Horse Winner” by David H. Lawrence. She believes that life is difficult without money, and money is the essence needed, not love, in order to live a great life. Part of this is true since money is a necessity to at least live a healthy life. However, Hester neglects her kids before and after she is no longer able to support her lavish lifestyle. When Hester’s son Paul shows to be a beneficial character there is still no love for him till the end. Hester’s act of neglecting Paul is what leads her family to their destruction by her ever growing greed.
The U.S. industries have been outsourcing manufacturing for several decades now. U.S. companies thought they were reducing costs by outsourcing development, manufacturing, and process-engineering abilities. Consequently, U.S. corporations’ knowledge, skilled workers, and supply chain, which are the necessities to producing advanced products, have vanished. For example, almost all notebook computers, cell phones, and handheld devices, which were once created in the U.S., are now designed in Asia. When a major U.S. company outsource, it pressures their rivals to do the same thing. They also lose the expertise of process engineering, which would interact with manufacturing on a daily basis. Minor companies and skilled workers go to where the jobs and knowledge networks are no matter where they are geographically in the world. This decline of trade in the U.S. has caused a negative chain reaction to their suppliers of sophisticated materials, tools, production equipment, and components. U.S. industries do not have a way of coming up with new ideas for the next generation of high-tech products...
General Motors is knocking on the door to world class business performance. Ohmae’s five stages of global operation support General Motors aspirations. From stage one to stage five there are significant differences to becoming a global organization. For instance, stage one, states that a company supports arm’s length customer export activity by a domestic company that links up with local and distributors to function. This stage represents the entry level global corporation. General Motors is at stage 4 of Ohmae’s five stages of becoming a global corporation, because it has exemplified the following traits: Systems and tools used globally not just at headquarters, R&D, Engineering and other business operations have a global focus, and all support functions are applied globally. (MFGO 601, WK. #2 Lecture Notes) An example of Ohmae’s, stage ...
Lawrence, D.H.. "Rocking Horse Winner, by DH Lawrence." Rocking Horse Winner, by DH Lawrence. N.p., n.d. Web. 20 May 2014. .
Preschool age children, ages three to five, many times react with feelings of anger and sadness. Many of the preschool age children will regress after the initial shock of the separation. Signs of regression could be once again asking for a security blanket, bedwetting, returning to thumb sucking, needing help feeding themselves, or hitting their siblings. The children in this age group are more anxious and insecure than a child growing up in a two-parent home (Teyber 11). The majority of the children in the preschool age-group have abandonment issues and fear that since one parent has left the home that the other may move out as well. As the children get older the effects the divorce has on them is different but no less traumatizing.
Technology has become a huge part of everyday life, and people seem to have one great debate and are fighting over which is the best phone, iPhone or Android. The Apple iPhone is a cellular smartphone that was created and is maintained by Apple Inc. Android is another type of smartphone that is accessible to consumers, but the operating system is powered by Google and many different companies produce Android devices. The different operating systems and interfaces have created a long and carried out debate to which was superior. iPhone is the better phone and there are many reasons as to why it is superior to its rival, Android. The iPhone’s sleek and beautiful design has users’ hands fondling the device and never putting it down. The operating system is very distinct, but is straightforward with its functionality. People who purchase the iPhone believe that they have received their money’s worth and more when owning and iPhone. The iPhone is better than Android when compared because of the beautiful design and attractive display, the operating system and its functionality, and the device’s personal worth is definitely worth the money spent to own one.
Sliding the barn doors open, I step into a warm, comforting environment. Musty straw mingles with the sharp aroma of pine shavings, complementing each other. A warm glow from sporadically placed incandescent lightbulbs richens the leather tack, all cleaned and hanging ready for the day's use. From it wafts the smell of a new pair of shoes. The fruity essence of "Show Sheen", applied after yesterday's baths, still lingers in the air. Even the harsh stinging scent of urine and manure is welcome at this early morning hour. Breaking open a bale of hay, I sense the sweetness of the dried timothy as it engulfs my olfactory system, making me wish my queasy stomach had not made me skip breakfast. I am nervous, as are many others. I know that the day ahead will bring excitement, dread, triumph, and defeat. The unpredictable nature of horse shows causes frenzied questions, like salmon spawning, to run constantly though my mind. Will the judge like my own particular style? What if the red flowers bordering the first jump spook my horse? What if a piece of paper on the ground blows into the ring? Will this horse show be a success? The outcome depends not just on me; but a...
Lawrence, D.H. "The Rocking-Horse Winner." The Norton Anthology of Short Fiction. Ed. R. V. Cassill. New York: Norton, n.d. 299-308. Print.
...es currently does possess an enormous trade deficit, but the importance of this problem and the best means of solving it is a sharply debated issue. Clearly, while a return to protectionist policy would have some positive effects in the short run, it ultimately would undue the enormous growth that free international trade has caused for the US economy. The more moderate approach, of increasing domestic capital, reducing reliance upon foreign money and goods, and reducing government spending, deals with the situation much more effectively. A deficit is often times natural, especially in a wealthy country with a very strong economy, such as the US. Using these techniques, the negative aspects of the deficit can be overcome, while still ensuring the efficiency and affectivity of a liberal international trade system.
15. Hill, Charles W.L. International Business: Competing in the Global Marketplace. New York : McGraw-Hill, 2007.
Taylor, Raymond J. ?Listening to the Children: Children of Divorce Speak Out About Their Parents.? Journal of Divorce and Remarriage 35 1/2 (2001): 147-154.
The book, The World is Flat, by Thomas Friedman draws attention to some very good points concerning globalization and the world economy today. Friedman emphasizes the status of America today in relation to the other countries of the world. As I looked at the things in which he warned about or highlighted, I realized the importance of this issue. He talks about a few aspects in which need to be kept competitive in order for America to retain their current standing in the world market.
Divorce is becoming increasingly common among couples in today’s time. It is sad to know that most cases of divorce involve children. Divorce affects the parents but it affects the children much more. Divorce impacts kids greatly, often causing depression, rebellion, or inspiration/motivation, to develop and potentially end up a permanent aspect in their lives.
Currently in the global environment, there is a strong sense of competition that must be achieved through better performance, almost all firms are competing in international markets due to the reduction in barriers for capital and tariffs. With the new changes in both communication and technology, the consequences faced are that production processes are no longer within national boundaries but spread across (Debrah & Smith, 2002).