Premium Essay

Do All Business's Need to Globalise to Succeed

In:

Submitted By harryklus
Words 884
Pages 4
The business world is becoming increasingly global. As a result of this many companies such as costa coffee & Dyson, have changed their strategies in relation to the markets they target or where they produce.

Does the increasing global nature of business mean that all organizations need to change their strategies significantly to achieve higher profits.

Justify your answer with reference to Costa Coffee, Dyson and or other organizations that you know. (18)

Globalisation of companies can have serious advantages that can mean a companies success is huge! as well a company can have massive success with out giving their product to the global market!

In 1975 Nike moved its manufacturing overseas, since then it now has over 44 over seas factories, where there products are made! Nikes idea to use global labour to make there product (s) global meant that Nike now had a larger captive market, not just the market back in America, where the HQ is based.
By moving there manufacturing overseas Nike managed to take advantage of low manufacturing costs meaning that a higher profit margin can be obtained!
If Nike would be manufacturing in America or developed countries then the price of their products would be extremely high, and in the competitive market this would not work as their competitors would be undercutting Nike.

Globalisation can bring a companies product back to life, if a companies product is in a saturated market then they may not be making enough money to keep the company out of debt! The main idea of having a company is to make a profit, in a saturated market this could be hard, as demand may be low or even no room for growth in the future! by making the product global this may spark massive interest, as it is in a fresh market! Increasing the chance of profit!
Although with out the correct market research the company may end up losing out on there

Similar Documents

Premium Essay

Business Plan

...Contents 1. Executive Summary Pages 2-3 2. Introduction Pages 4-8 ❖ Aims and Objectives ❖ Unique Selling Point ❖ Ownership (Personal Requirements) ❖ Skills that are required ❖ Monitoring my business to effectiveness 3. PESTLE Analysis Pages 9-11 4. Market Research Pages 12-22 ❖ Primary Research ❖ Secondary Research ❖ Competitive Analysis 5. Market Planning (The Marketing Mix) Pages 23-26 ❖ Product ❖ Price ❖ Promotion ❖ Place 6. Legal Status Pages 27-29 ❖ Laws and Regulations ❖ Food and Safety Health Regulations 7. Financial Plan Pages 30-34 ❖ Operating and Start-up costs ❖ Cash Flow Projection ❖ Profit and Loss Account ❖ Financial Analysis 8. Growth and Expansion Plan (5 Year Future Plan) Pages 35-37 Executive Summary Business Name: Fresh Creams Owner/Sole Trader: Mr Kaan Polat Fresh...

Words: 14805 - Pages: 60

Premium Essay

Global and Transnational Business: Strategy and Management

...Global and Transnational Business: Strategy and Management Second Edition Global and Transnational Business: Strategy and Management Second Edition George Stonehouse Northumbria University David Campbell University of Newcastle-upon-Tyne Jim Hamill University of Strathclyde Tony Purdie Northumbria University Copyright # 2004 John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex PO19 8SQ, England Telephone (þ44) 1243 779777 Email (for orders and customer service enquiries): cs-books@wiley.co.uk Visit our Home Page on www.wileyeurope.com or www.wiley.com All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency Ltd, 90 Tottenham Court Road, London W1T 4LP, UK, without the permission in writing of the Publisher. Requests to the Publisher should be addressed to the Permissions Department, John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex PO19 8SQ, England, or emailed to permreq@wiley.co.uk, or faxed to (þ44) 1243 770620. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold on the understanding that the Publisher is not engaged in rendering professional services...

Words: 155276 - Pages: 622

Premium Essay

Human Resourse Management

...Stephen Itika Published by: African Studies Centre P.O. Box 9555 2300 RB Leiden asc@ascleiden.nl www.ascleiden.nl Cover design: Heike Slingerland Photos: Evans Mathias Kautipe Printed by Ipskamp Drukkers, Enschede ISSN 2211-8284 ISBN 978-90-5448-108-9 © University of Groningen / Mzumbe University, 2011 To all those who believe that African countries, organisations and people have a contribution to make in the meaningful adaptation and application of Eurocentric concepts, theories, assumptions, principles, techniques and practices and in anticipation that such contributions will liberate African managers from mismanagement and inefficiencies. Preface This book is not just one of the many introductions to Human Resource Management that are published, year after year, for use in HRM classes. Authors of those introductions face many challenges, such as the need to produce something that is both theoretically sound and practically valuable, or to find a way to integrate discussions on a variety of topics into one comprehensible teaching tool. The author of this book took up those challenges by, on the one hand, closely following the conventions that HRM scholars all over the world adhere to with regards to the demarcation of subfields within the HRM discipline, and on the other hand, including a multitude of Tanzanian and other African cases that put each of these subfields in a vivid context. The result is a book that serves to initiate African students in the world-wide...

Words: 99320 - Pages: 398