Going Global Case Study

842 Words2 Pages
bulb-icon

Recommended: Influence of globalization on society

What is globalization? Webster states globalization as being a process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. In a society going to visit other countries having a failure establishment from your home country will make you feel warm inside. Even feeling home sick just knowing that there is a place close by a person can go to feel more like home. However, that not the reason why companies go global. Going global is doing better for the company.
Globalization a company its nothing new to the economy. When a company goes global its changes the environment, comprised of the values, beliefs and norms, changes based upon the new location and people (Presutti, …show more content…

In this aspect their different ways a company can go global on a national or ever a local aspect of the company. Outsourcing is one way a company can go global. In this way it contracting a task, operation, job or process that could be performed by employees within an organization, to a third party working either on-site or offsite, for a significant period of time. Outsourcing may be local or global. Another area would be authoring. In this area it is only global. Outshoring is when an entire business process or operation unit including manufacturing, customer service moves from one county to another country. It is good to practice all elements of the contemporary value chain model to be continually analyzed and improve, but especially when globalization is considered, every element of the value chain will be …show more content…

Distribution strategy is integral to an effective framework for supplier management. Other are monitor cash flow is a fundamental tool that various organizations use to improve supplies making. Establish information conduits making sure data is distributed promptly and properly to pertinent recipients (Pivoda, 2014). And last but not least tracking the inventory, when using a tracking software, it will monitor what’s inventory that is housed in the warehouse. When tracking your inventory also remember other things to consider are the location and quantify of inventory, including finished goods, and work in progress items, and raw

Show More
Related

  • Globalization Has Destroyed the Middle Class

    899 Words  | 2 Pages

    Although it is becoming a rising topic, globalization is not new. The concept of globalization has existed from beginning of time, but gained most momentum when the earth was discovered not to be flat, and traveling east was possible by traveling west. This allowed countries to trade for any foreign product they once may not have had. Globalization integrates countries with different economies, societies, and cultures across the world into one global network, with the ultimate goal of one emerging economy (Ahearn). Globalization has been fueled by new trends in trading policies, technology, and the world supply of labor.

    Read More

  • Proactive Reasons For Going Global Essay

    1028 Words  | 3 Pages

    Globalization is the goal of pursuing opportunities anywhere abroad which all an organization to capitalize on business functions in the countries in which it operates (Pearce & Robinson, 2011, p. 103). It is vital that an organization chose the appropriate timeframe on when and if to advance to a global arena. The following essay will discuss some of the proactive and proactive reasons for going global.

    Read More

  • Benefits Of Toyota

    1089 Words  | 3 Pages

    It is interesting and very pleasant to see how people from across the world work together to come up with ideas that make their company the best in what they do. This interconnection among people and places throughout the world which is with increasing level is called globalization. Some people think of it as internationalization where people from different parts of the world work with each other to bring out something quite enjoyable. Before, each country had its own business which didn’t collaborate with anybody else but themselves within the country. Since globalization has spread quite far, there are numerus examples available in our world today. Globalization can be found in economics, blending of cultures, technology,

    Read More

  • Strategic Planning Within General Electric

    911 Words  | 2 Pages

    The globalization of the major business strategy. It means the company has to integrate the strategy in all the places of business operation.

    Read More

  • The Effects of Globalization on Social Work Practices

    1819 Words  | 4 Pages

    Globalisation is a broad term that is often defined in economic factors alone. The Dictionary at merriam-webster.com describes globalisation as “the process of enabling financial markets to operate internationally, largely as a result of deregulation and improved communication.” Also due to deregulation on the financial market, multi-national companies are free to trade and move their businesses to areas where a higher return or profit can be achieved. New technology also enables companies to relocate to areas where labour costs are lower, for instance movement of call centre jobs from the UK to India.

    Read More

  • Technology And World Commerce

    1554 Words  | 4 Pages

    When referring to global commerce, the word globalization is often used. The word globalization is used to "describe the changes in societies and the world economy that are the result of dramatically increased trade and cultural exchange" (Wikipedia, 2005). In economic contexts, it refers almost exclusively to the effects of trade and particularly to "free trade". Since the travels of Marco Polo seven centuries ago, global economic integration, through trade, factor movements, and communication of economically useful knowledge and technology, has been on a generally rising trend (Mussa, 2000). During the past half century, the pace of economic globalization has been particularly rapid. This includes the reversal of the interwar decline. Globalization is not new, it has only changed.

    Read More

  • Nations Should Promote Globalization, Not Localization

    1779 Words  | 4 Pages

    In today’s continuously changing world, many experts say that globalization is what every business, organization, and nation should seek and welcome as a positive change. However, many people are unaware of the main focus and meaning of Globalization, especially in comparison to Localization. A large number of people believe that globalization is just another common word used to refer to changes and differences that cannot be explained or accounted for. Therefore, many different activities or changes are improperly labeled to be a part of or caused by globalization.

    Read More

  • International Business and Globalization

    1482 Words  | 3 Pages

    A globalizing business sector advertises viability through rivalry and the division of the work it permits individuals and economies to keep tabs on what they specialize in. It also allows people to go globally. Globalization has stretched the assets, items, administrations and markets accessible to individuals. The increasing set of reliable connections around individuals from distinctive parts of a world that happens to be separated into countries.

    Read More

  • Globalization Argumentative Essay

    975 Words  | 2 Pages

    Globalization on a broader scale, is an integration act, involving cultural, mental, political as well as economic aspects of a person, among countries. It is mostly limited to, economic integration, associated with movement of people, exchange of technology and information, trade as well as financial flows. . This is practice is clearly miles ahead, as demonstrated by the ever increasing capital flows in the world economy as well as the level of importance, the world economy has. As a result of globalization, tremendous pressure is on the nations to keep up with its demands and this has had a lot of consequences. Some pundits will tell you that these effects are only economic based,

    Read More

  • Benefits Of Globalization

    1059 Words  | 3 Pages

    Globalization is associated with bringing together world economies and cultures. Globalization is a controvertible conception. This allows powerful corporation change local enterprises and in the future make the gaps big between, rich people and poor people. The benefits of an international market to integrated where labour, ideas, capital and goods can be free and to promote the economic development all of the levels in the society. Globalization is a process to interact and integrate among companies, people and the governments of other nations. Globalization is process which international organization, corporations, individuals and communities has become more interconnected with politics, cultures and the earths environment. “It is characterized

    Read More

  • Globalization Essay

    2027 Words  | 5 Pages

    Globalization is the connection of different parts of the world. Globalization results in the expansion of international, cultural, economic, and political activities. As people, ideas, knowledge, and goods move easily around the globe, the experiences of people around the world become more similar. (“Definition of Globalization“, n.d., ¶ 1)

    Read More

  • Essay On Inventory Management

    1436 Words  | 3 Pages

    Inventory management involves planning, coordinating, and controlling the acquisition, storage, handling, movement, distribution, and possible sale of raw materials, component parts and subassemblies, supplies and tools, replacement parts, and other assets that are needed to meet customer wants and needs (Collier & Evans, 2009). In order for business and supply chains to run smoothly, they must meet all the listed requirements for effective inventory management. Thus, inventory management must be managed wisely in order to be a successful an...

    Read More

  • Globalization and Technology

    1460 Words  | 3 Pages

    Globalisation is a very complex term with various definitions, in business terms, “globalization describes the increasingly global nature of markets, the tendency for transnational businesses to configure their business activities on a worldwide basis, and to co-ordinate and integrate their strategies and operations across national boundaries” (Stonehouse, Campbell, Hamill and Purdie, 2004, p. 5).

    Read More

  • Argumentative Essay On Globalization

    891 Words  | 2 Pages

    Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.

    Read More

  • Globalization Reflection Essay

    1065 Words  | 3 Pages

    Globalization is a very complex phenomenon, basically it means the relationship and connection between countries are getting closer, and they have more contact, politically and economically. Globalization has influenced the world in many different ways, like culture, economy and politics.

    Read More

More about Going Global Case Study

Open Document