...Anti-Globalization Movement “Anti-globalization Movement is a disputed term referring to the international social movement network that gained widespread media attention after protests against the World Trade Organization (WTO) in Seattle, WA in late November and early December 1999. Activists and scholars debate whether it constitutes a single social movement or represents a collection of allied groups, a "movement of movements." (Engler, 2007). The Anti-globalization movement opposes different types of social, economic, and ecological injustices that are believed to be the consequence of globalization which are against globalization. Participants of the Anti-globalization movement oppose political powers of large MNCs, and the powers of trade agreements. Corporations have been accused of seeking to maximize profits at the expense of undermining labor standards, environmental conservation principles and the integrity of national legislative capacity. Activists of the Anti-globalization movement seek global integration that provides better democratic representation, advancement of human rights and more egalitarian states. Anti globalization is argued from several points of view, the environmental aspects of globalization, human rights, nationalism (mostly economics), and heterogeneous. Allowing that many of the groups that anti globalization are single focus groups, the different groups do band together to create interest in their causes. The environmental aspects...
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...Globalisation does not really have an exact origin. It has been here since the beginning of human existence. From the moment people began migrating and exploring the world, they traded and exchanged ideas and techniques, ultimately giving birth to the idea of globalisation. However Theodore Levitt in 1983 introduced the term globalisation to the world. Globalisation in the past couple of years has been a prevalent topic. Look in any newspaper, magazine or television show, and in some way you will see globalisation occurring. Globalisations definition can be liquidated as the rapid exchange of a country’s goods, services, and culture using trade, transportation, and or communication with another country and or multiple countries. (Economic News Articles, 2011) Everything has its advantages and disadvantages. Globalisation is no exception. Examining economy, technology, and culture this essay will assess the advantages and disadvantages of globalisation, and how it possibly is affecting the United Kingdom. The economy today has been greatly affected by globalisation. The world is constantly evolving. Globalisation from an economic perspective is something that needs to be examined carefully. A disadvantage of globalisation on the economy is that as companies expand they are forgetting about the less fortunate countries. The prosperity that countries acquire from globalisation is not evenly distributed among other countries. (The Business Environment, 2009) Some advantages globalisation...
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...------------------------------------------------- The Global Marketing Environment ------------------------------------------------- Case 1-2: McDonald’s Expands Globally While Adjusting Its Local Recipe Identify the key elements in McDonald’s global marketing strategy. In particular, how does McDonald’s approach the issue of standardization? Does McDonald’s think global and act local? Does it also think local and act global? The plan to Win initiative is built around five factors that drive McDonald’s business: people, products, place, price, and promotion. As a student of marketing, what can you say about these factors? Product | One burger, but so many variations. McDonalds, in order to answer to its clients’ needs all around the globe, worked on customized meals for each of its regions. Depending on religious beliefs, habits, taste, and other stuffs... customers are expecting different offers. | Place | In the U.S., 50% of the outlets are situated within the distance of 3 minutes. Maybe easier to find a McDonald’s restaurant than a drugstore. They place their brand everywhere, and well located in order to reach as much as people as possible (near college, train station...) | Price | Depending on the purchasing power, meal prices fixed. McDonald offers a price list: as in India, a complete meal is about $2, in France $10. This pricing strategy, locally adapted allows the brand to be the fast-food chain world leader. | Promotion | Advertising, through different...
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...D. an important stimulus for economic growth in those countries. The sustained flow of foreign investment into developing nations is an important stimulus for economic growth in those countries, which bodes well for the future of countries such as China, Mexico, and Brazil. AACSB: Analytic Bloom's: Remember Difficulty: Medium Learning Objective: 01-03 Topic: The Changing Demographics of the Global Economy 107. (p. 21) For which of the following countries did the share of the total stock decline between 1980 and 2008? A. Japan B. The United States C. France D. China The share of the total stock accounted for by U.S. firms declined from about 38 percent in 1980 to 19.5 percent in 2008, while the other countries posted increases. AACSB: Analytic Bloom's: Remember Difficulty: Easy Learning Objective: 01-03 Topic: The Changing Demographics of the Global Economy 108. (p. 22) General Electric has productive activities in a number of countries. As a result, it would be appropriate to refer to General Electric as a _____ corporation. A. regional B. pan-American C. universal D. multinational A multinational enterprise (MNE) is any business that has productive activities in two or more countries. AACSB: Analytic Bloom's: Remember Difficulty: Easy Learning Objective: 01-03 Topic: The Changing Demographics of the Global Economy 109. (p. 22) Since the 1960s, there have been two notable trends in the demographics of the multinational...
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...chain in the past few decades using their aggressive expansion strategies to push out much of its competition. * Starbucks has focused on creating a dense network of stores all around America, while also opening up new locations all around the world. * They are currently leading the retail coffee market with selling their coffee for a premium price to increase their profitability. Юля 3-6 слайд * Starbucks grew from 17 coffee shops in Seattle 15 years ago to over 20,891 outlets in 62 countries. * The company planned to open a net of 900 new stores outside of the United States in 2009. * Since 1987, Starbucks has opened on average two new stores every day. Some challenges facing the company * Starbucks faces antiglobalization movement. * During the World Trade Organization talks in November 1999, Starbucks was among the aims of protesters , a symbol, to them, of free-market capitalism. Іра 7-9 * Dropping Sales from ($10.4 billion) in 2008 to ($9.8 billion) in 2009, and dropping in profits from $673 billion in 2007 to $582 billion and $494 billion in 2008, 2009 respectively. * The firm closed 475 stores in the U.S. in 2009 to reduce costs. * Saturated market with over 10,000 stores scattered across the United States and Canada. (there are still eight states in the...
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...Globalization is the principally new step in the development of the long-term process of internationalization (transnationalization) of the economic, political, cultural, legal and other aspects of the society's life, at the point when interrelationships between the national socials have reached such a level, when some drastic changes within the entire world community gradually transforming into the integral society institute, became inevitable. The level of economic, scientific, technological, legal and informational interrelationships of the national industries have reached a point, when at least three principally novel features are imminent. First, the world's economic community, formerly seen as loosely connected multiple countries, is gradually transforming into the integral economic system, with national societies now representing the constituents of the integral world's economic body. Second, while conditions of globalization, national and global economic issues are swapping roles. With the development of international financial and other markets as well as production-sale structures, the global economic relationships more and more acquire the role of leading and governing structures. Even internal affairs of large and powerful countries, not to mention the remaining ones, are forced to adapt to the realities of the global economy. Third, globalization process objectively leads to elimination and weakening of the regulatory functions of the national state, which...
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...Identify the key elements in McDonald’s global marketing strategy. In particular, how does McDonald’s approach the issue of standardization? Does McDonald’s think global act local? Does it also think local and act global? McDonald’s is a fast-food legend that gives its consumers a chance to experience it delivering inexpensive food with consistent taste regardless of location, quick service, and a clean familiar environment. The key elements that McDonald’s use envolve both global and local elements. McDonald’s offers american style hamburgers in most of its restaurants around the world and the group people who are consuming this food is growing everday and including its french fries too. McDonald’s tries to sell its products in the same way everywhere in the world. Labeling and the brand name are two of the items used to standarize, including the product characteristics. One of the aims that McDonalds is using to create standarized set of items that can taste the same anywhere in the world where ther is a McDonald’s, it wants everyone to have the same quality in its products and the experience. McDonald’s thinks local and act global because it wants to expand by giving the rest of the world an experience that includes things that are traditional in the United States. Do you think government officials in developing countries such as Russia, China, and India welcome McDonald’s? Do consumers in these countries welcome McDonald’s? Why or why not? I think because of its well...
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...Case Study – Coke in India Adapted by Lesley Fleischman from: Hills, Jonathan and Welford, Richard. Corporate Social Responsibility and Environmental Management. 12, 168–177 (2005) August 2003 • • • • • October 2003 • • Coke has 44 wholly owned and franchise owned bottling plants in India Indian NGO finds that Coke and Pepsi products bottled in India contain pesticides. Immediate impact on Coke stock price. Coke threatened legal action over allegations. Indian government tests confirm findings. Coke hires PR firm, develops strategy to deflect media attention away Escalating community protests at bottling plants, demonstrations, hunger strikes, etc. December 2003 February 2004 March 2004 • • • • • • • • June 2004 • • • September 2004 • • October 2004 • • • February 2005 • • April 2005 • • May 2005 • • Ordered by Indian court to stop drawing groundwater for its bottling plant in Plachimada, Kerala Judge ruled that no power to allow a private party to extract such a huge quantity of groundwater Protesters claim that Coke water use was reducing agricultural yields Coke cited lack of rainfall, not their operations, as cause of crop declines Parliamentary committee finds high amounts of pesticide residue in Coke and Pepsi products bottled in India Not illegal, Indian safety standards weak Coke application for new bottling plant in Plachimada denied by local authorities because...
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...Globalization Globalization is an ongoing process of integration and interaction amongst companies, governments and people. It is driven by invention of new technologies and forms of communications, international trade and investment. In addition to economic aspects, globalization plays an important part in other fields. It can also be defined as the integration of economic, cultural, political, ecological and social systems through internationalization and interconnectedness. Globalization is the principally new step in the development of the long-term process of internationalization (transnationalization) of the economic, political, cultural, legal and other aspects of the society's life, at the point when interrelationships between the national socials have reached such a level, when some drastic changes within the entire world community gradually transforming into the integral society institute, became inevitable. The level of economic, scientific, technological, legal and informational interrelationships of the national industries have reached a point, when at least three principally novel features are imminent. First, the world's economic community, formerly seen as loosely connected multiple countries, is gradually transforming into the integral economic system, with national societies now representing the constituents of the integral world's economic body. Second, while conditions of globalization, national and global economic issues are swapping...
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...BPMN 6023 STRATEGIC MANAGEMENT COMPETITION IN FOREIGN AND GLOBAL ENVIRONMENT Prepared by: MOHAMMAD IKRAM MUZAMMIL BIN IDRUS (810943) NUROLL AZRIN BINTI KAMAROLL ZAMAN (813857) Course: MSC. FINANCE Prepared for: PROF. DR. RUSWIATI SURYA SAPUTRA WHY COMPANIES DECIDE TO ENTER FOREIGN MARKETS Competing in international markets allows companies to (1) gain access to new customers, (2) achieve lower costs through greater scale economies, learning curve effects, or purchasing power, (3) leverage core competencies developed domestically in additional country markets, (4) gain access to resources and capabilities located outside a company's domestic market, and (5) spread business risk across a wider market base. WHY COMPETING ACROSS NATIONAL BORDERS MAKES STRATEGY MAKING MORE COMPLEX Companies electing to expand into international markets must consider five factors when evaluating strategy options: (1) cross-country variation in factors that affect industry competitiveness, (2) location-based drivers regarding where to conduct different value chain activities, (3) varying political and economic risks, (4) potential shifts in exchange rates, and (5) differences in cultural, demographic, and market conditions. Reason for locating value chain activities for competitive advantages is lower wage rates, higher worker productivity, lower energy costs, fewer environmental regulations, lower tax rates, lower inflation rates, proximity to suppliers and technologically related industries, proximity...
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...1 GLOBALIZATION 2 PART 1 Globalization PART ONE Planet Starbucks T hirty years ago Starbucks was a single store in Seattle’s Pike Place Market selling premium roasted coffee. Today it is a global roaster and retailer of coffee with more than 7,600 retail stores, some 2,000 of which are to be found in 34 countries outside the United States. Starbucks Corporation set out on its current course in the 1980s when the company’s director of marketing, Howard Schultz, came back from a trip to Italy enchanted with the Italian coffeehouse experience. Schultz, who later became CEO, persuaded the company’s owners to experiment with the coffeehouse format—and the Starbucks experience was born. The basic strategy was to sell the company’s own premium roasted coffee, along with freshly brewed espresso-style coffee beverages, a variety of pastries, coffee accessories, teas, and other products, in a tastefully designed coffeehouse setting. The company also stressed providing superior customer service. Reasoning that motivated employees provide the best customer service, Starbucks executives devoted much attention to employee hiring and training programs and progressive compensation policies that gave even part-time employees stock option grants and medical benefits. The formula met with spectacular success in the United States, where Starbucks went from obscurity to one of the best known brands in the country in a decade. In 1995, with almost 700 stores across the United States...
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...7 Corporations in the Modern Era The Commercial Transformation of Material Life and Culture I hope we shall . . . crush in [its] birth the aristocracy of our monied corporations which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country. —Thomas Jefferson (letter to Tom Logan, 1816) J 1 ustice John Paul Stevens of the U.S. Supreme Court cited the third president of the United States in his strong dissent to the majority’s 2010 decision allowing corporations unlimited spending on behalf of political candidates.1 Quoting the court’s earlier McConnell decision, Stevens wrote, “We have repeatedly sustained legislation aimed at ‘the corrosive and distorting effects of immense aggregations of wealth that are accumulated with Jefferson’s animus may seem curious in light of the history of British corporations that financed the settling of the first North American colonies and, as discussed in this chapter, are often credited with providing the model for representative government adopted by the framers of the U.S. Constitution (Tuitt 2006). 280 Corporations in the Modern Era——281 the help of the corporate form.’” The court’s decision, Justice Stevens continued, “will undoubtedly cripple the ability of ordinary citizens, Congress and the States to adopt even limited measures to protect against corporate domination of the electoral process.” The essence of Justice Steven’s dissent in the Citizens United v. Federal...
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...tInternational Business Daniels 14th Edition Test Bank Click here to download the test bank INSTANTLY!!! http://testbanksolutionsmanualzone.blogspot.com/2013/02/internat ional-business-daniels-14th_11.html Name: International Business Author: Daniels Radebaugh Sullivan Edition: 14th ISBN-10: 0132668661 Type: Test Bank - The test bank is what most professors use an a reference when making exams for their students, which means there’s a very high chance that you will see a very similar, if not exact the exact, question in the test! This is a sample chapter International Business: Environments and Operations, 14e (Daniels et al.) Chapter 1 Globalization and International Business 1) The broadening set of interdependent relationships among people from different parts of the world is known as ________. A) globalization B) offshoring C) franchising D) outsourcing Answer: A Diff: 1 Learning Outcome: Define the fundamental concepts of international business Skill: Concept Objective: 1 AACSB: Dynamics of the global economy 2) Which of the following best defines international business? A) It includes all public economic flows between two or more countries. B) It includes all private economic flows between two or more countries. C) It includes all business transactions involving two or more countries. D) It includes all business transactions in countries other than your home country. Answer: C Diff: 2 Learning Outcome: Define the fundamental concepts of international business Skill:...
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...Globalisation, of course, is therefore a manifestation of a neo-liberal economic ideology. Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. : all those processes by which the peoples of the world are incorporated into a single world society. : Globalization can thus be defined as the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa. For eg. Recession US eg The International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people and the dissemination of knowledge. Further, environmental challenges such as climate change, cross-boundary water, air pollution, and over-fishing of the ocean are linked with globalization. Globalizing processes affect and are affected by business and work organization, economics, socio-cultural resources, and the natural environment. Globalization is deeply controversial, however. Proponents of globalization argue that it allows poor countries and their citizens to develop economically...
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...A Closer Look at Business Education June 2007 ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ : Bottom of the Pyramid INTRODUCTION: Global poverty exists today at a startling scale; while the exact numbers are debated, some estimate that four billion people worldwide live on less than two dollars a day.1 According to C.K. Prahalad and Stuart Hart, both Aspen Institute Faculty Pioneer Award recipients, companies should not ignore these traditionally overlooked people, collectively dubbed the “Bottom of the Pyramid,” because of their considerable combined purchasing power.2 Thus, if companies are innovative enough to create or tailor their products to the economic realities and life needs of these people, a significant profit can be won. At the same time, this group’s entry into the market would hopefully better their quality of life and aid in regional economic development. Three well-publicized examples will help illustrate the base-of-the-pyramid concept. First, Grameen Bank was started by Nobel Prize laureate Muhammed Yunus in Bangladesh to offer mini-loans to entrepreneurs who wouldn’t qualify for traditional bank loans based on collateral.3 As of May 2007, over seven million people have...
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