...PHL/320 – Critical Thinking and the Decision Making Process Mr. Howard Kersey June 29, 2015 Globalization is it Good or Bad for a Business? (1, Premise) Globalization is good for business because it creates opportunities and efficiencies in the open market. Technology today provides greater communication inside and outside the country which allows businesses to manage their customers, suppliers and distribution more effectively; (1, Conclusion) greater efficiencies brings bigger business. (2, Premise) The broader market allows for better pricing of supplies, (2, Conclusion) which in turn, the savings could be passed on to the customer. In addition, (3, Premise) globalization builds a market for businesses to sell their products just as easy within the United States as it does outside the United States; (3, Conclusion) larger markets will increase sales. Some would say that globalization allows for higher outsourcing of jobs and to some extent that is true, however, if the production wasn’t outsourced many of those businesses wouldn’t be able to compete at all. By moving production overseas, they are able to produce a product that can be imported to the United States and distributed here, creating jobs. (4, Premise) The downside to globalization is the increased competition in a broader market; (4, Conclusion) the risk is too great. The increased competition can create a market that makes it difficult to leverage pricing. (5, Premise) Suppliers can become more selective...
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...Hospitality (Hotel) Industry SWOT Analysis Terri Harris Critical Thinking and Decision Making in Business/PHL320 April 13, 2015 Aileen Smith Hospitality (Hotel) Industry SWOT Analysis One of the main reasons in preforming a SWOT analysis on or in any industry is to help form a well-built and secure business approach. A well-built approach depends on knowing the strength and weaknesses of the industry and find a way to turn those weaknesses into strengths. Also it is good to look at the opportunities and threats that come from external things. In determining the strengths, weaknesses, opportunities and threats in the industry one has to remember that the industry is considered short-term lodging and one has to look at the worldwide scope of the industry and how the area is affected by this. The following is a form of displaying the SWOT analysis of the industry. Strengths * Location * Safety * Feeds Local Economy | Weaknesses * High Employee Turnover * Capital Needs * Taxes | Opportunities * Specific Attractions * Seasonal * Websites | Threats * Competition * Changing Economy * Local Conditions | What Are the Strengths of the Hotel Industry? Location is going is a major factor in the strength of the industry. Either it on a long stretch of road where people need to stop and sleep for the night or at a great tourist location. Both of these ideas bring money into the business. Safety is a top priority when traveling away from...
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...Globalization Argumentative Josh Knight Critical Thinking and Decision Making In Business/PHL320 May 4th, 2015 JOSE RODRIGUEZ Globalization Argumentative Many people would say that greed from large companies, as well as the exploitation of labor, can be associated with globalization. (1 Premise) However, many good things have come from globalization. A great example would be that of a global economy. A lot of Americans do not see the benefits or appreciate how efficient our markets are regarding supply and demand. The more efficient the market, they more growing it does. A global market that grows can have a domino effect on other markets associated with it and can encourage them to develop as well. The success of one market can be felt around the world. Globalization Benefits Globalization does many things that are hard to argue. (2 Premise) Creating jobs that are crucial for economic success, no matter the market. Along with creating jobs, globalization helps the better the infrastructures of communities, cities, and countries allowing people to live a better quality of life. Things associated with a better quality of life would be, better health care, medicine, clean water, foods and housing. What may seem like simple things to us, we often are taking them for granted. Creating a better bond between countries is also a direct result of globalization. Having a better relationships with other countries can create allies that can create economic...
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