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Globalisation - Impact on Organisational structure
Effects of globalization on organizations
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A former Intel CEO and senior advisor of Intel Corp, Andrew Grove stresses a great importance on international competition by stating ‘you have no choice but to operate in a world shaped by globalization and the information revolution. There are two options; Adapt or die’. Grove’s statement effectively conveys a great importance of competing in a global economy in order to for an organization to expand, grow, and thrive. As of late, international competition and trade surfaced as one of the most important aspects of organizations’ growth as many barriers have lessened between countries and to make global trade easier (Twarowska, 2013). Thomas Friedman examines influences that shape the global economy, business, and competition through case studies, interviews, and statistics in a book, ‘The World Is Flat’. He points out various factors that have resulted in some drastic changes in the global market. He discusses ten main important forces that helped shaping the current world market situation; collapse of Berlin Wall, Netscape(internet), work flow software, uploading (blogs, wikipedia, and others), outsourcing, offshoring, supply-chaining, insourcing, in-forming (ability to perform search on their own), and steroids (mobile phones, iPods, instant messaging, VoIP). Had this book been published this year, the list of the forces may have even been longer. Technology unquestionably provides invaluable tools in making international businesses and transactions more feasible than before. As Thompson and colleagues review in Crafting and Executing Strategy: The Quest for Competitive Advantage, companies can gain immensely from entering foreign markets for five main reasons. Going ‘global’ can bring them new customers, increased revenues,... ... middle of paper ... ...tudyinc.com/mcdonalds-international-innovations Nijsssen. E. May 1999. Attitdues toward the purchase of foreign products: extending the model. Available from http://people.stern.nyu.edu/sdouglas/rpubs/attitudes.html Thompson, A.A., Peteraf, M.A., Gamble, J.E., Strickland (2013). Crafting and executing strategy: The quest for competitive advantage concepts and cases (pp. 178-209). McGraw-Hill Irwin. Tse, E., Russo, B., Haddock, R. August 23, 2011. Strategy+Business. Competing for the global middle class. Available from http://www.strategy-business.com/article/11309?pg=all Twarowska, K., Sklodowska, M. , Kakool, M. Management, Knowledge, and Learning (International Conference 2013). June 19-21, 2013. International business strategy, Reasons and forms of expansion into foreign markets. Available from http://www.toknowpress.net/ISBN/978-961-6914-02-4/papers/ML13-349.pdf
Arthur, A., Thompson, Margaret, A., Peteraf, John, E. Gamble, A., J., Strickland III. (2014). Crafting & Executing Strategy: The Quest for Competitive Advantage 19e: Concepts & Cases. C6-C25.
Dess, G. G., Lumpkin, G. T., Eisner, A. B., & McNamara, G. (2012). Strategic Management: Text & Cases (6th Ed.). New York, NY: McGraw-Hill.
Pearce, J.A., & Robinson, R.B. (2013) Strategic Management: Planning for Domestic and Global Competition. (13th Ed.). Boston, MA: McGraw-Hill/Irwin. ISBN-13: 9780078029295
Furrer, O 2010, Corporate level strategy: theory and applications, Taylor & Francis, New York, NY.
Hendersern and Stern 2000, ‘Untangling the origins of competitive advantage’,Strategic Management Journal, Vol. 21, pp. 1123-1145.
Pearce, J. A., & Robinson, R. B. (2013). Strategic management: planning for domestic & global competition (13th ed.). New York: McGraw-Hill/Irwin.
Hill, C., Wee, C. and Udayasankar, K. 2012.International Business:An Asian Perspective. 8th ed. Singapore: McGraw-Hill.
Numerous definitions of strategy exist, in most circumstances strategy can loosely be explained as an overall plan of deployment of resources to ascertain a favourable position within a market (Zablah, Bellenger and Johnston 2004; Grant 1994, p 14). Further, imbedded in many successful organisations are strategies, the importance of which is to remain relevant in the market, and successful in the various attributes of business; profiteering, employee motivation, maintaining sustainable core competencies, effectiveness in operation, or efficiency in the conduction of operations. Therefore challenges involved in the formulation and implementation of a strategy can revolve around the overall external market, as well as internal
Porter, M. E. (2008). The five competitive forces that shape strategy. Harvard business review, 25-40.
Firms exist with the purpose of create and deliver economic value (Bensaco et al 2010, p. 365); therefore, business that create better economic value than its competitors will attain an advantage position in market place. Companies might try to improve its sales (profit) through domestic expansion, product diversification or by internationalisation; this report will focus on the reasons of espressamente Illy to expand internationally; additionally, its sources of competitive advantage and, the analysis of three markets in which company want to participate.
Valdani, E., and Arbore, A., 2013. Competitive Strategies: Managing the Present, Imagining the Future. Palgrave Macmillan.
15. Hill, Charles W.L. International Business: Competing in the Global Marketplace. New York : McGraw-Hill, 2007.
Thompson, A.A., Strickland, A.J., & Gamble, J. E. (2010). Crafting and executing strategy: The quest for competitive advantage: Concepts and cases: 2009 custom edition (17th ed.). New York: McGraw-Hill-Irwin
In today’s world, we’ve attained one the most advance economies the world has ever seen. Transactions have become more efficient and the world can make exchanges from any location. Economies of countries are now intertwined due to international business and alien companies. Companies would find themselves starting in one part of the world, then creating firms and expansions all over the globe. A lot of these reasons are for global competition, which is unescapable due to the internet and resource distribution, availability, and cost.
Stonehouse, G., Campbell, D., Hamill, J. & Purdie, T. (2004). Global and Transnational Business (2nd ed.). Chichester: John Wiley & Sons.