StudentShare solutions
Triangle menu

Phase 5 Individual Project - Assignment Example

Not dowloaded yet

Extract of sample
Phase 5 Individual Project

Analyzed from a business perspective, globalization refers to the process in which domestic companies seek international markets to expand their operations (Intriligator, 2003). According to Michael (2003), globalization of a company is a powerful trend in the current global competitive market and is one of the major factors that influence the future growth of a company. Globalization of the world economy has made the world become a global village where anyone can get whatever he wants from any part of the world. Today a company’s employees, competitors and customers can come from any part of the globe. In addition to increasing the market, globalization has led to the development of many companies both local and multinationals and invention of new products, this has made the market to be very competitive and a number of companies find it hard to survive (Collier & Dollar, 2002). The following discussion will present the importance of globalization, expected challenges and explain why the company should go global. 2.0 Globalization of company’s operations Globalization of the world economy has increased both bilateral and international trade thereby opening up many countries for companies to venture into. Many companies such as our competitors have expanded their operations to overseas markets and have reported significant success in those markets. Before venturing into new markets especially foreign, it is important to have a perfect strategy that will help the company take over the market with ease. With our global market strategy in place, the company can adopt both cost leadership and product differentiation in order to properly position its products well in the market. Cost leadership strategy is the one being applied by our competitors and they have reported good performance with it (Britt, 2007). Over the last two decades, companies all over the world have gone global a move that is threatening the survival of the local companies. This has made it hard for these companies (local) to expand their operations and even some lose their market share. This is clearly evidenced in the company’s analysis report that reported a decrease in the company’s sales volume as a result of the move taken by competitors who have already ventured into foreign markets. In order to compete fiercely and regain its market share, the company has to outdo its competitors which mean engaging in aggressive expansion and marketing programs which will lead to the growth of the company. According to Mike Myatt, Chief Strategy Officer of N2growth, he states that the ability to do business in international market is an important necessity if one is to remain competitive in the current market. Operating a business in the international market is both a defensive and offensive play. Comparing the international market and the domestic market, it is with no doubt that international market is wide and majority of potential customers are living abroad (Myatt, 2009). Considering the move taken by our competitors and the success they have recorded in foreign markets and the dwindling sales in the local market, it is paramount for the organization to go global. 3.0 Rationale for globalization Globalizing a company’s operations in the current competitive environment is one of ...Show more

Summary

Globalization Table of Contents Globalization 1 Table of Contents 2 1.0Introduction 3 2.0Globalization of company’s operations 3 3.0Rationale for globalization 4 4.0The target geographical location for expansion 5 5.0Brazil’s PESTLE analysis 6 6.0Impact of globalization on the growth and expansion of the company 7 7.0Advice to opponents of globalization 8 8.0Conclusion 9 References 9 1.0 Introduction Globalization has reached its maximum point in the last half century…
Author : walton38
Phase 5 Individual Project essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"Phase 5 Individual Project"
with a personal 20% discount.
Grab the best paper

Related Essays

Phase 4 Individual Project: Ethnographic Field Study
At the onset, one would expect that people would exhibit the most appropriate behavior: maintain solemnity and peace during the service, avoid talking to each other while the service is going on, observe proper decorum in terms of dress code, communication patterns, and response to the service.
4 pages (1000 words) Assignment
Phase 2 Individual Project
The possible results of operations can then be simulated under possible scenarios involving a decrease in sales volume and an increase in sales volume. This exercise of distinguishing classifications of costs will allow the management to compute and have an awareness of the impact on profitability as well as the different costs.
8 pages (2000 words) Assignment
Phase 4 Individual Project 2
It was an exciting prospect to work for a new enterprise and nurture the company from its stage of infancy. I was fortunate to be a part of the team that set up the laboratory infrastructure from scratch. Business goals were laid out by the higher management.
5 pages (1250 words) Assignment
Phase 2 Individual Project
The up-gradation process will encompass radical changes to the current business processes, alterations in current jobs as well as new positions. The management of the enterprise strongly believed that with the up-gradation or the development of its legacy billing system, the enterprise can attain huge profitability and enhance maximum productivity in this competitive landscape.
6 pages (1500 words) Assignment
Phase 4 Individual Project
uring the service, avoid talking to each other while the service is going on, observe proper decorum in terms of dress code, communication patterns, and response to the service. Based on one’s research, the proper church conduct includes the following behavior: “(1)
4 pages (1000 words) Assignment
Phase 4 Individual Project
These rules are best outlined under laws number 1001 to 1008 of the United States Federal Rules of evidence. There are exemptions to the production of original duplicates of written, recorded and photos as evidence in a trial court.
4 pages (1000 words) Assignment
Phase 5 Individual Project
The term DNA refers to deoxyribonucleic acid which is located in a cell of a biological organism (Medwed, 2012). One of the purposes of DNA testing is to identify suspects in criminal proceedings. This is made possible by the
4 pages (1000 words) Assignment
MGT 647 Individual Project 5
Further, there was installation of the new technology in videoconferencing due to the rising demand and easier administration of work (Bergman & Moore, 1990). Structuring of duties among
3 pages (750 words) Assignment
IT425-1403A-01 Phase 5 System Integration & Deployment (DB)
There are many activities involved in the deployment and thus there is a need to have an elaborate integration plan to institute a smooth transition (Kay, 2002). The main aim of this paper is to produce an integration and deployment plan for the
3 pages (750 words) Assignment
Project Scope Management , Individual Assignment
In relation to the project of Burj Khalifa, it can be ascertained that several tasks have contributed in competing the project within
15 pages (3750 words) Assignment
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation