Premium Essay

Case 1

In:

Submitted By mohsin13
Words 4771
Pages 20
Globalization

Learning objectives

• Explain why it is important for managers today to have a global perspective.
• Explain the three components of globalization
• Describe its effects on markets and production
• Explain how technology and innovation in transportation have speeded up globalization
• Discuss pros and cons of globalization

This chapter is dedicated to introducing the student to the emergence of a new and integrated world of business in which the traditional barriers to cross-border trade and investment including distance, time zones, language, differences in national government regulation, culture and business systems recede in significance due to globalization. The discussion of contemporary issues in international business illustrates the unique challenges of international business. A review of macro-economic and political changes that have taken place in the last 30 years highlights the issues that a typical manager must address in a global market. Information technology and technological changes have put global markets within the reach of small firms in remote locations. In spite of all its benefits, globalization is not a panacea. Critics of globalization point out that it has adverse effects on some firms and individuals.
The opening case chronicles the meteoric rise of Wal-Mart from its humble Arkansas beginnings in 1962 to a global retailing giant with $218 billion in sales in 2002.
The closing case, Ecuadorian Valentine Roses, follows a rose from Ecuador to New York while describing the hazardous working conditions in Ecuador and the growing backlash among European consumer groups. ________________________________________

WebeSource http://www.cnn.com/2004/US/Southwest/01/08/levi.s.closing.ap/

Similar Documents

Premium Essay

Case 1

...Case 1. Is there anything wrong with the actions of the three personalities in this case? Elaborate your answer After reading the case study and analyzing it, from my opinion I think yes there is anything wrong with the actions of the three personalities- Mr.Bondoc, his wife and Dr. Agao. For elaboration I will explain them one by one. Mr.Bondoc acted as the champion of the student’s cause therefore it’s his responsibility to fight for the own good of the students, the one who will voice out their stands and if possible disagree to the proposals that may greatly affect them like increasing of their tuition fee. It’s great that he has the attitude of convincing others in personal way for them to agree of opposing the proposals of Dr. Agao because of this they can stop his proposals. He must maintain and assure that he is doing his job and must not allow others to control him in bad way or stop him to do his obligation but stated on the case study his wife wished him to maintain good relationship with Dr.Agao which unfortunately leads him to suddenly accept his proposals. It showed that he let others dictate him what to do and failed to do his job. About the wife of Mr.Bondoc, she was carried away by the good actions showed by Dr. Agao without knowing his real intentions of befriending her. She can be easily manipulated like what Dr. Agao wanted her to do through doing special treatments and helped with her business. Like what she did to his husband, she requested him to treat...

Words: 383 - Pages: 2

Premium Essay

Case Study 1

...1.2 Case Study: Whither an MBA at Strutledge By: Ashley Tinkham 1.2 Case Study: Whither an MBA at Strutledge Tinkham, 1 President of Strutledge, After reviewing the Board of Regents’ plan and reasons behind the desire to implement an MBA program at Strutledge I have determined there to be a lack of information to make a decision at this time. The information to make a supportive decision on whether to implement an MBA program is not sufficient enough and increases the risks of failure of the program. Failure or an unsuccessful implementation of an MBA program at Strutledge can be catastrophic to the reputation of the school. Thus making the situation of rising costs and decreasing enrollment worse. The Board of Regents could be on the right track of implementing a MBA program to attract more students but this can only be determined through data. The question that truly needs to be answered is if the area needs or desires a MBA program and only if the answer is yes to that question should the idea of implementing an MBA program be explored as an option. My suggestion is that the Board of Regents organize their thoughts around why they think an MBA program would be beneficial to Strutledge. From what I can gather an MBA program would help to attract students who have already graduated from their undergraduate studies and are looking for more, but how else would it benefit Strutledge? When considering implementing...

Words: 1262 - Pages: 6

Premium Essay

Case Study 1

...Case study 1 Employer branding was discussed at the beginning of this chapter.  On a scale of 1 (Poor) to 5 (Excellent), how valuable are the following brands?  Why do you rate them low or high?  What are your criteria for the rating? a. Bank of America : 2 * Laid off a lot of employees * Employees feel disconnected from the customers or business partner due to its large size. * Bank president gets paid too much. b. McDonald’s : 4 * The working environment is depending on the management of the store. * Wide range of jobs available and require no specification * They make a reasonably good hamburger for an affordable price. c. BP Global : 3 * They have internship and graduate programs in 20 different countries. * They want to invest in employee’s development. d. Walmart : 2 * They started business as offering domestic goods at affordable prices but now they mainly sell imported low price goods. * I have read from the book that they discriminate against women. e. Google : 5 * Google is ranked as the best company to work for in 2014. * The company believes that treating people well is more important than making a lot of money. * HR ran a survey in which it asked employees to choose the best among many competing pay options. Watch the video on Module 1 then answer this question "Judging from the video describe Theo’s...

Words: 350 - Pages: 2

Premium Essay

Partial Case Study 1

...Tanglewood Case 1 In: Business and Management Tanglewood Case 1 To: Donald Penchiala, the Director of Staffing Services RE: Tanglewood Retail Case January 18, 2012 Every organization in the global economy has to develop a strong staffing strategy if they wish to remain competitive and be successful. Tanglewood Retail Stores is one of the largest retailers among 12 regions locally and oversees. After examining the report that you provided me, I have analyzed the staffing strategy and would like to provide you with my recommendations. Acquire or Develop Talent: After reviewing the Tanglewood Case along with exhibit 1.7 in Part One of our text Strategic Staffing, I feel the staffing levels and quality listed and the need for developing talent and exceptional workforce that Tanglewood currently has is one of its greatest assets and will play into a key staffing strategy. Tanglewood has differentiated itself from its competition in its development of an organizational culture that provides employees with a level of expertise that far exceeds its competition. Looking at any successful organization you will notice that their internal culture is a key factor in its ability to meet organizational goals. It is clear that Tanglewood has a family/team oriented environment. For instance, people from the same region as the store will have better knowledge of its clientele and are a better fit because they know the culture of the environment and live in the same atmosphere...

Words: 333 - Pages: 2

Premium Essay

Deloitte Case 12-1

...Case Study 12-1: An Unlikely Alliance Florabama is a power producer of which Meyer Inc. is a 60% owner and Saban Company is a 40% owner. Saban has a cost-plus arrangement that permits it to purchase up to 20% of the power produced by Florabama at the cost plus a fee. The remaining power produced by Florabama is sold to third parties. The profits and losses of Florabama are split based on ownership. Sale, transfer, or disposition of ownership requires written consent of the other party in advance. Both parties are independent and willingly agreed upon the prior approval terms. The board is composed of 10 individuals that Meyer and Saban are able to appoint based on their ownership percentage (Meyer has 6 and Saban has 4). The board makes all strategic decisions and establishes operating and capital budgets. The board also determines the pricing of power produced and appoints the CEO. The CEO that was appointed was the COO of Saban and he will oversee the day to day operations of Florabama. Both Meyer and Saban bear equity price risk. Meyer Inc. also has operating risk since the decisions of the board are made by simple majority (Meyer owns the majority). Saban bears commodity price risk due to the cost-plus arrangement. Meyer and Saban are both variable interest holders. Saban has an equity interest in Florabama and it also has the cost-plus arrangement, both of which make Saban a variable interest holder. Meyer Inc. is a variable interest holder in Florabama due to the...

Words: 396 - Pages: 2

Premium Essay

Housing Helpers Case Study 1

...Housing Helpers Case Study 1 By Kevin Wilkerson BUS-4046 Employee and Labor Relations U07A1 Instructor Andrew Ansoorian May 26th, 2014 As the contract negotiation continues between Beth and Jim: Beth: That sounds very tempting Jim, but even though the CPI has risen by just 2%, the cost of living has risen by 3.5% and the working force needs that money now to support their families. Jim: Well, is there any other thing that we can propose that might get us closer to an agreement? Beth: Well, Jim, I think that we will hold a membership meeting to see where the members stand on this issue and your offer of 2% each year for 4 years. Jim: Ok, we will reschedule another session after the meeting. Another meeting resumes: Beth: The members have met and we have a couple of other proposals that might be of interest to you. Jim: Ok, what do you have in mind? Beth: We would like to propose a 3%. Cost of living allowance increase as well as an additional 5 days paid vacation for all employees, and work hours that are flexible such as 4 10 hour days or a 5/4/9 schedule which would keep production up, but allow the employees to spend more time with their families also. Jim: Beth, we simply cannot afford for employees to receive such a pay increase right now, but the alternative work hours might be something that we can talk about. Beth: HR has run the numbers, and the number of employees that have seniority and are getting up there in age are costing us more in...

Words: 433 - Pages: 2

Free Essay

Velocity Cellular: Trueblood Case 09-1

...Case Study: Velocity Cellular Case Study: Velocity Cellular Revenue Recognition in a Multiple-Element Arrangement Velocity Cellular Services is planning the rollout of a new prepaid phone service called Power Starterpack. Using the current, relevant accounting guidance, determine and support the appropriate method for recognizing revenue for this new product. Power Starterpack Details Velocity Cellular sells the Power Starterpack for $200. The Power Starterpack consists of two elements: a new activation card and a prepaid voucher for $50 worth of airtime. The new activation card allows the subscriber’s cellular phone to function and gives the subscriber additional features not available with the old activation card. Activation cards can be purchased separately from Velocity. Identical activation cards can be purchased from other vendors. The $50 prepaid airtime voucher must be used within 360 days or the remaining value is forfeited. If there is no activity for seven consecutive months, the subscriber’s account is closed and the phone number is deactivated. No refunds are given and the subscriber has no general rights of return for the Power Starterpack. Are the Deliverables Considered Separate Units of Accounting? Velocity Cellular adopted ASU 2009-13, “Revenue Arrangements with Multiple Deliverables” in the current fiscal year. The Update amends the criteria in Subtopic 605-25 for separating revenue in multiple-deliverable arrangements. The amendments...

Words: 1378 - Pages: 6

Premium Essay

Case Study 1 Surver of Hospitality Management

...Keller Graduate School of Management Case Study 1: Guest Satisfaction at the Convention Center Hotel Week 3 Irene Garcia Vilardosa HOSP582 Survey of Hospitality Management Dr. Pratt Introduction In order to be successful in the market it is not sufficient to attract new customers. Managers should also concentrate on retaining existing customers implementing effective policies of customer satisfaction and loyalty. In hotel industry, customer satisfaction is largely hooked upon quality of service. A management approach focused on customer satisfaction can improve customer loyalty, thus increasing the positive image of the touristic destination. Hence, exploring the importance for customers of hotel attributes in hotel selection is indispensable. Problems with front office In order to solve the customers dissatisfaction issues related with check in and check out, Frank should take into account the reservations and have more employees working at front desk when the number of reservations is higher so they do not have to be waiting for a long time. During major arrivals and departures days, the staff has to be increased so that the guests are quickly addressed and they can continue with their trips or business without wasting too long. Problems with housekeeping When dealing with a situation as described in which rooms are not ready, there are usually two possible options to consider. Either the housekeeping staff is not enough considering the number of...

Words: 598 - Pages: 3

Premium Essay

Lesson-1(Case Study on Listo System)

...Lesson1: Case Study on Listo Systems Mani Kumar Budathoki International American University (IAU) MGT 500: Organization Behavior and Leadership Dr. Om Prasad Sitaula September 17, 2014 Overview of Listo Systems: Listo Systems is a pioneering graphic agency with a long span of success history. After the beginning of 1990s, the company grew frenetically and became one of the best graphic service companies in the world. The pace of new technology has created the more opportunities as well as challenges for the company and customers. However, advancements of this new technology have helped to produce more competitors with a better quality service and product. Due to more emergences of new competitors in the markets, the customers have got more options while opting to buy quality products and services. With all these changes, the industry has been facing the new threats in terms of security and product-thefts. Question No-1: The impacts of power shifting from the seller to the buyer: More competitions in terms of quality products and services are providing the customers more choices than ever before. As a result, customers want more quality products and services for less money, more flexibility and convenience, and more innovation. Listo systems had monopoly power in the early 1990s, so easily able to earn a huge success in a short span of time, but when a new technology is introduced then more and more competitors participated in providing the same services to...

Words: 2354 - Pages: 10

Premium Essay

Case Study Chapter 6: #1-3

...Case Study Chapter 6 The two values I believe Schwartz created that are affecting Bain & Company, Home Depot and Best Buy include: conformity and universalism. In regards to universalism, Bain & Company and Best Buy began to lower the goals for employees’ sales, which resulted in their receiving bonuses still plausible. In addition, Best Buy tried to keep their employees engaged through the hard time by setting up online surveys for them to give the company general ideas for cost cutting. This showed that the companies understood the employees’ situations, appreciated them the best they could and tried to protect them from losing their jobs. The companies showed restraint and tried not to make the employees upset in their conformity values. For example, instead of firing employees, Steve Ellis began to hire people he thought would be successful for after the recession was over. This gave additional talented people an opportunity to work instead of going through lay offs during this time. During the recession, Ellis used his affective, cognitive and behavioral components of his attitude to show employees that he cared about how they felt, displayed his beliefs and ideas, and how he intended to move forward instead of back. Ellis made it possible to hire more people during the recession. He did not see this as a setback but an opportunity to bring talented workers on board with his company. Best Buy created online surveys for their employees to give their ideas for cutting...

Words: 304 - Pages: 2

Premium Essay

Case Study #1 Turner Test Prep Co.

... possessed about 10 percent of the small market and was facing fierce competition from its rival company, National Testing Services (NTC). By Spring of 2003, Turner was pleased that the number of customers was rising each session, but was concerned that she had not tapped enough of the market and was not growing in the right direction. Furthermore, a lack of student attendance in live lectures caused her to wonder if there was opportunity in formatting the course differently. Finally, Turner realized that she neglected to calculate her break-even point. In short, Turner was questioning the effectiveness of several aspects of her business plan such as her differentiation, marketing, and advertising strategies. At the beginning of this case study Turner starts off making some good choices such as using the effectuation process to come up with her idea to develop a CPA testing prep company. This process leads her to choose a career path and business that makes use of her knowledge, experience, and resources. Another great choice Turner makes is to do research to find a prime location for her business. In addition, it is wise of her to devote so much time and effort into developing a service that has a competitive advantage over competitors’ services. However, Turner overlooks several important opportunities to build a comprehensive business plan such as doing market research to ensure that her method of instruction is one that would be valued by the majority of potential customers...

Words: 1231 - Pages: 5

Premium Essay

Type 1 Diabetes: A Case Study

...the challenges type 1 diabetes patient’s face during adolescence and the transition whilst seeking how the nurse's role helps. It is noticed that type 1 diabetes is the second leading chronic problem found among teenagers. The major source of suffering is premature mortality and morbidity that is connected with the problem of diabetes. Different therapies are available for this problem but it needs balancing doses of insulin, exercise, and diet with frequent feedback from the blood glucose monitoring results. Younger people suffering from type 1 diabetes possess increased chance of creating psychological problems during the stage of adolescence, which includes depression, adjustment difficulties,...

Words: 1007 - Pages: 5

Free Essay

Bus 250 Week 1 Case Study a Brawl in Mickeys Backyard

...BUS 250 WEEK 1 CASE STUDY A BRAWL IN MICKEYS BACKYARD A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=week-1-case-study-a-brawl-in-mickeys-backyard Visit Our website: http://hwsoloutions.com/ Product Description BUS 250 Week 1 Case Study A Brawl in Mickeys Backyard, A Brawl in Mickey’s Backyard According to our text, ultimately, a company’s decision can have a negative impact on many. Not only can the decision of a company affect the company as an individual, but in turn it can also alter the lives of many others, including members of the immediate society, customers, suppliers, employees, stockholders, creditors, and business partners (Lawrence & Weber, 2011). How can a highly profitable business return thanks to its stakeholders without jeopardizing potential revenue, reputation, vision, and customer satisfaction? SunCal and Disney had a difficult challenge to try to overcome in order to settle the dipute over the available land located outside of Disney’s compound. Both companies presented their arguments on who should prevail, SunCal, who wanted to purchase the land in order to develop housing at an affordable rate for residence and locals, or Disney, who owns land across from the proposed building site, which may be utilzed in the future for expansion, but who also finds the thought of an apratment building so close to the complex a eye soar for the customers who experience the magic of Disney. The dispute was heard by the Chamber of Commerce...

Words: 424 - Pages: 2

Premium Essay

Type 1 Diabetes Mellitus: A Case Study

...the secretion or use of insulin. Type 1 diabetes is an autoimmune or idiopathic disorder in which the body destroys the beta cells in the islets of Langerhans of the pancreas, leaving it to be unable to produce insulin. The disorder begins with insulitis, which is an inflammatory process that occurs due to the destruction of the islet cells, which contain the beta cells. In this process insulin production slowly stops and the patient begins to experience the symptoms of diabetes, such as hyperglycemia and ketosis, when 80-90% of the beta cells have been destroyed (LeMone, Burke, Bauldoff, & Gubrud-Howe, 2015). J.T....

Words: 666 - Pages: 3

Premium Essay

Cis 512 Wk 2 Case Study 1 Revolutionizing the Retail Sector

...CIS 512 WK 2 CASE STUDY 1 REVOLUTIONIZING THE RETAIL SECTOR To purchase this visit here: http://www.activitymode.com/product/cis-512-wk-2-case-study-1-revolutionizing-the-retail-sector/ Contact us at: SUPPORT@ACTIVITYMODE.COM CIS 512 WK 2 CASE STUDY 1 REVOLUTIONIZING THE RETAIL SECTOR CIS 512 WK 2 Case Study 1 - Revolutionizing the Retail Sector The Digipos (http://bit.ly/MOWvG1) Website states, “We design, develop and manufacture our own range of systems that are engineered to meet the challenging and constantly changing demands of a retail environment. Using the latest technologies, we deliver positive, cost-effective solutions in compact, high performance, reliable, and energy saving technologies. Our systems are used by leading retailers around the world.” In 2004, DigiPos launched the DigiPos Retail Blade system, which was the first electronic point of sale (EpoS) system to use blade technology. Go to Intel’s Website and read “Revolutionizing the Retail Sector”, located athttp://intel.ly/NAfWDs. Write a four to five (4-5) page paper in which you: 1. Examine and assess the main computing problems Digipos faced with regard to system upgrades. 2. Evaluate the solutions that Digipos used to resolve the problem. Propose an alternative solution that you believe could resolve the problem. Compare and contrast the Quantum Blade to the Retail Blade system in terms of computer architecture and system performance. Activity mode aims to provide quality study notes...

Words: 778 - Pages: 4