The process of globalisation and its impacts on international business Essay

The process of globalisation and its impacts on international business activities - Essay Example ocess is further understood in the 20th century colonialism in Africa and Latin America, where the capitalists seek to extend their dominion and individualism ideas to the ‘new’ worlds. During this epoch, new economies emerged through the adoption of capitalistic model of governance, which catapulted the Western European countries to financial glory in the early 19th century. Mann (2006) summarises in his book that the process of Globalization was deeply founded in imperialism. Economies opened up for accrual in the First World realms at the cost of exploitation of the Third World nations. In this phase, the outlook of Globalization relied on the leadership fashion of the rulers of that time. The leadership mentality enabled the imperialists distinctively segregate people based on social strata, enabling them further exploit the Third World countries. The raw materials from these nations were extracted and utilised in military and administrative developments by the First World countries; this way, the economies continued to flourish whereas the poor nations were hard-pressed more to paucity. The next stage of Globalization centred on inter-imperial business actions. The joint trade between the European states, the United States of America and more recently, Japan founded a chain of groups on regional echelon, collectively with the governing powers. The economic alliances gave rise to collaborations and competitions in the business realm, leading to a faceoff for market share control by the multinationals. The coalition also bolstered the exploitation of the Third World markets more effective (McCarthy, 2012). Foreign trade forms a fundamental part of Globalization. Transfer of supplies on an international scale is closely interlaced with the different orders of the social ladder and the commercial markets. The nature of the relationship helps the facade of Globalization attain a class disposition (Gilbertson, 2009). As much as the morphology of

Operations Strategy Of Samsung Group Essay Example | Topics and Well Written Essays - 2000 words

Operations Strategy Of Samsung Group - Essay Example To remain on a customer’s shortlist, a company has to qualify and re-qualify all through the customer decision making process. Failure to compete at any of these stages would render the firm unable to compete in the rat race. Order winners and qualifiers are both market specific as well as time specific and thus would vary from market to market and also change from time to time. Bozarth and Handfield have opined that order winners are those performance dimensions that differentiate a company’s products and services from its competitors’. Firms win the customer’s business by providing superior levels of performance on order winners. On the other hand, order qualifiers, as stated by Bozarth and Handfield are performance dimensions on which customers expect a minimum level of performance. Superior level of performance on an order is not likely to give the company any competitive advantage.Skinner has been of the opinion that the competitive criteria for a man ufacturing strategy may include the following:†¢ Quality: Manufacturing of products with high standards performance and conformance with high quality †¢ Delivery speed: Meeting of delivery schedules set by the management†¢ Delivery dependability: Responding promptly as well as efficiently to orders from incoming customers†¢ Flexibility: The ability to modify designs as per the needs of customer and react to changes in product and product mix of the firm