Essay on Emergence of the Globally Integrated Business World

5960 Words Feb 11th, 2013 24 Pages
CRAM Exclusive
Essay Sample
Globalization Learning objectives • Understand what is meant by the term globalization. • Be familiar with the main drivers of globalization. • Appreciate the changing nature of the global economy. • Understand the major arguments in the debate over the impact of globalization. • Appreciate how the process of globalization is creating opportunities and challenges for business managers. This chapter introduces the emergence

middle of document…

Is SAAB a Swedish car? Saab is partially owned by General Motors of USA, uses many mechanical parts imported into Sweden from GM in Germany, and assembles its cars in Sweden for sale in USA. Is a Mercedes Benz assembled in Alabama an American car? Is a Pontiac assembled in South Korea a Korean car? Volvo, Jaguar and Rover SUVs are owned by Ford; Chrysler is a part of Daimler Chrysler; Volkswagen owns Rolls Royce.

OPENING CASE: Flat Panel Televisions and the Global Economy

Summary

The opening case describes the development of the flat panel television industry over recent decades. The case, which follows the production of flat panel televisions across the globe to low-cost locations, clearly demonstrates the impact of globalization, and in particular the globalization of production. Discussion of the case can begin with the following questions:

1. Reflect on the evolution of the flat panel television industry. Why has production shifted from country to country? What does your response suggest about the globalization of production?

2. RCA developed the underlying technology for the flat panel television in the 1960s, yet today, the company plays only a minor role in the industry. Why?

3. How has the globalization of the flat panel television industry benefited consumers?
Who are the losers in the industry?

Another Perspective: Students can learn more about Vizio at the company website at
{http://www.vizio.com/}, and also through
CRAM Exclusive
Shirt59372Lemon

Related Documents

  • Integrated Business Experience Essay

    The Lego group’s share has doubled to 5% in the year 2012 from 2% in the year 2004. It has also became the world’s second largest toy manufacturer overtaking HASBRO. (Lego Annual Report, 2013) Lego’s Turnaround and business model: Jørgen Vig Knudstorp joined the Lego group in September 2001 and was made as a head of strategy department, where he later became the senior vice president and joined the senior management in 2003. According to his review, the Lego group was not in a right track

    Words: 1731 - Pages: 7
  • Essay about Business Economics: Expanding a Business Globally

    recession, all of that changed. Company’s production decreased, people lost their employment, and means of support. Not only did production drop in the United States it dropped across the world. As a result of this, it caused the first “global slump” (Edition, 2011). It was the beginning of the worst recession since World War II. As noted by Anderson (2013) “in the recovery from… 2009 recession, unemployment…resistant to both aggressive fiscal policy and expansionary monetary policy…managers of private

    Words: 1098 - Pages: 5
  • Business World Essay example

    Satisfactory quality includes the state and condition of the product and other non-exhaustive aspects such as safety and durability. Both of the conditions apply where the seller sells goods in course of a business; -Sample (s 15) states that the bulk has to: correspond with the sample, in regards to quality, the buyer has a reasonable opportunity to compare the two and he is able to establish if they present defects or not. Description, satisfactory quality and fit for purpose are the three implied

    Words: 1095 - Pages: 5
  • Essay Nonverbal Communication in the World of Business

    that women don’t like it when men “touch” them, even if it is just a small pat on the shoulder. In the business world, the employer only shakes hands with other people because it is proper and professional in a business. Also, in Indian culture people usually greet each other with a “Namaste” (two hands put together). Many other cultures try to stay away from touching other people (in a business sense) in public as little as possible. Even though most people think that nonverbal communication does

    Words: 1080 - Pages: 5
  • Bus 475 Integrated Business Topics /Complete Class Essay

    Individual Assignment - Strategic Plan, Part II- SWOTT Analysis Conduct an internal and external environmental analysis for your proposed business. Discuss with your Learning Team the forces and trends below that must be taken into consideration while developing a strategic plan. Given today’s business environment and each Learning Team members’ selected business idea, provide a

    Words: 1956 - Pages: 8
  • Bus 475 Integrated Business Topics /Complete Class Essay

    Individual Assignment - Strategic Plan, Part II- SWOTT Analysis Conduct an internal and external environmental analysis for your proposed business. Discuss with your Learning Team the forces and trends below that must be taken into consideration while developing a strategic plan. Given today’s business environment and each Learning Team members’ selected business idea, provide a

    Words: 1982 - Pages: 8
  • Essay on Business Ethics in Today's Corporate World

    Should business be expected to do good works in the community? I believe that the backbone of this country is businesses. Corporations small or large need to set examples out in the community by getting involved in programs like the united way, red cross and other activities that benefit our youth and the people of America. This plays a major role in community development. By doing this it will also build the company’s image and reputation. If all of the expenses are going to be tax write offs

    Words: 2960 - Pages: 12
  • Essay about Culture Dimensions and Barriers in Today’s Business World

    Culture dimensions and barriers in today’s business world The focus on the concept of culture has increased around the world in the past few decades. In other parts of the world, however, the elements of learned behaviors and meanings systems, which we identify as "culture" might not be grouped together the same way, resulting in cultures conflict. The boundaries of business today are no longer physical, geographic, or economic, the major boundary of business today is culture. Overcoming cultural

    Words: 5305 - Pages: 22
  • Essay about The Evolution of Public Relations in Today's Business World

    PR is being integrated into so many parts of a business; one of the newest integrations is into a business’s advertising campaigns. Businesses are utilizing PR techniques and philosophies in their advertising to help put a face on their company and to show their human side. It is common place now to see CEO/Owners of companies in their commercials making direct promises to the public. When comparing articles from different PR strategists it is clear that a cornerstone in the new age of Public

    Words: 1177 - Pages: 5
  • U.S. Involvement globally Essay

    The U.S. government had a vision of spreading the American Dream throughout the world and with these American companies moving into foreign lands, it was showing what the American Dream was all about. Distinguished historian Walter LaFeber noted that American foreign policy was being driven by corporations to make money and avoid neo-Marxist revolutions in the United States.4 Having these companies in foreign countries showed them how a free market system can work and showed the importance of owning

    Words: 1433 - Pages: 6