Sociology 8/8/2013 Barbara Mason Globalization: A Closer Look at the Ford Company Ford Motor Company multinational cooperation that uses outsourcing to lower costs and boost productivity. Until the 1980’s Ford had a supply chain that allowed them to control every aspect of the making and distributing of their automobiles. From the steel and rubber plants that make the parts‚ to building the vehicles‚ storage and shipping. Though this was a good way for the companies to promote local made in America
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Melbourne & Adelaide * High quality local resources (e.g. industrial goods‚ agricultural goods) * Culture similar to Canada‚ as Australia has growing minorities Threats * A study shows that 38.1% of Australian ages 13-17 are obese - our company might become linked with obesity * Many large corporation established operations in Australia * Hot and mild climate‚ affecting products quality * Cost of production in Australia * Australia experience frequent drought
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Wonderland Confectionaries is a well – developed chain of restaurants that is willing to invest large sums of money into a theme park‚ based on the model of their competitor and surrogate company‚ Alice Limited. Given the facts‚ I will now try to establish whether the management’s decision to invest into this project is a well-documented and viable one. Further on‚ I will try to prepare a report analysing a few important aspects that managers should take into account when making such an investment
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Globalization is a series of social‚ economical‚ technological‚ cultural‚ and political changes that promote interdependence and growth. Globalization has many advantage as well as disadvantage. Goods and people are transported with ease and speed‚ and the possibility of war between the developed countries decrease‚ while difficulty of competition and spreading of animal and plants disease are put as disadvantages. Your shirt was made in Mexico and your shoes in China. Your CD player comes from
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The Reality of Globalization: Friend or Foe? Globalization is a key element in the modern political atmosphere. The increased interdependency of nations in the last half century has spawned both positive and negative trends. Nations’ increasing reliance on one another’s natural resources and labor are making the world smaller politically‚ socially‚ and economically. The isolationist policies that the United States and so many other countries endorsed at the dawn of the twentieth century are
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Globalization involves the free trade of goods and services across international borders. It is a process of increasing global connectivity and international interdependence. Advancement in technology‚ telecommunication and infrastructure facilitates Globalization. On the economic front globalization consists of two important policies privatization and deregulation. Governments of many countries invite national as well as multinational private firms to invest in the various sectors thereby boosting
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Explain what is meant by the term ‘globalization’. Identify and analyse the key drivers of the process of globalization over the last 20 years. In generally‚ globalization refers to integration and interconnection between people‚ transnational corporations and different governments. According to Rothenberg (2002)‚ “Globalization is the acceleration and intensification of interaction and integration among the people‚ companies‚ and governments of different nations.” On the other hand‚ in terms
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Globalization The world’s increasing globalization requires more interactions among people from diverse cultures‚ beliefs‚ and backgrounds than ever before. People no longer live and work in an insular marketplace; they are now part of a worldwide economy with competition coming from nearly every continent. For this reason‚ business and other organizations need diversity to become more creative and open to change. Maximizing and capitalizing globalization has become an important issue for management
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The world of today is not the world that existed years ago--nor will it be the same tomorrow. The globalization of the 1990s wrought enormous changes in every facet of the business world‚ the biggest of which was introducing new variability into business relations.Companies today can now reach customers in every nation and can cut operational costs through global production and distribution systems. Gillette Co.‚ for instance‚ manufactures razors in Russia‚ Fidelity Investment sells its funds in
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as a result of globalization. It is much easier for people to travel‚ communicate and do business internationally. Globalization essentially is the growth of an industry to a world wide scale. Attempted in the past by the first colonialists‚ globalization has in more recent times‚ been increasing rapidly due to improvements in communications‚ information and transport technology. Globalization is considered beneficial to the free trade movement among global markets. Globalization creates the opportunity
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