globalization
WEEK 1- ASSIGNMENT
Apple's iphone - Not “made in America”
1) What is meant by globalization of human capital? Is this inevitable as firms increase their global operations? Globalization of human capital implies that people are moved out of their native country for employment in various fields. Since there are many companies around the globe and have branches in other countries, qualified people get an opportunity to move out and work. It is inevitable since globalization is established and the companies use the skills, labor, talent and knowledge as a part of globalization of human capital.
2) How does this case illustrate the threats and opportunities facing global companies in developing their strategies? The main threat is when president Obama asked Steve job about reduction of job opportunities in United states and giving job in other countries, which made a feel of threat in their own country. And also many suicides at Foxconn lead a negative impression on Apple. The opportunities faced by them are high profit of $ 321 per i phone. It shows the profit of a global company.
3) Comment on Apple executives assertion that the company's only obligation is making the best product possible. “we do not have have any obligation o solve America's problems” I think it is really harsh to say these words. Everyone should have some obligation towards their country. But this is business and as an executive he is right he should always think about the growth and quality of the product. And should make maximum profit from low cost. So I think he is right.
4) Who are the stakeholders in this situation and what, if any, obligations do they have? The main stakeholders are Apple company, Foxconn, and the government. All of these have obligations. Since Apple is a brand company and all expect best from them it is their obligation to be faithful and best quality provider to the consumers and
Apple's iphone - Not “made in America”
1) What is meant by globalization of human capital? Is this inevitable as firms increase their global operations? Globalization of human capital implies that people are moved out of their native country for employment in various fields. Since there are many companies around the globe and have branches in other countries, qualified people get an opportunity to move out and work. It is inevitable since globalization is established and the companies use the skills, labor, talent and knowledge as a part of globalization of human capital.
2) How does this case illustrate the threats and opportunities facing global companies in developing their strategies? The main threat is when president Obama asked Steve job about reduction of job opportunities in United states and giving job in other countries, which made a feel of threat in their own country. And also many suicides at Foxconn lead a negative impression on Apple. The opportunities faced by them are high profit of $ 321 per i phone. It shows the profit of a global company.
3) Comment on Apple executives assertion that the company's only obligation is making the best product possible. “we do not have have any obligation o solve America's problems” I think it is really harsh to say these words. Everyone should have some obligation towards their country. But this is business and as an executive he is right he should always think about the growth and quality of the product. And should make maximum profit from low cost. So I think he is right.
4) Who are the stakeholders in this situation and what, if any, obligations do they have? The main stakeholders are Apple company, Foxconn, and the government. All of these have obligations. Since Apple is a brand company and all expect best from them it is their obligation to be faithful and best quality provider to the consumers and