INTERNATIONAL MANAGEMENT
Question 1
Globalization forms one of the most criticized and contested topics within different issues and ideas that present a significant impact on the economy. Through the different insights created within the various views posted by Parag Khanna, there is a significantly more substantial impact in the 21st century that would become created by the aspect of global industrialization. In recent years, there have been significant impacts and influences that have led to different ideas and thought that in the years to follow, the industrialization element would have a more significant impact and influence on various economic improvements and continued impact (Khanna, 2019). However, with the provisions by Parag Khanna, there are significant trends that would prevail within the economy and which would have a substantial effect on the flow of different needs of the people and how well they establish a significant impact on the economy.
The trend should involve the aspects of commerce, which would have a more significant impact on the different economic operations and how well they present significant influence to different investors. The continued buying and selling of products may entice an investor to have a substantial thought on investing in a specific market. However, with the changes that may become experienced within the industry, the future would require a more precise and organized investment in areas where growth is possible and with proven ability. Commerce would have a tangible impact on the investment pattern and how well individuals may have a significant influence on creating an economic value within a specific market.
Similarly, the aspect of conflict would prevail in the industrial world as most of the individuals within the global economy would want to dominate and have control over. However, Asia forms the most significant future of the industrialization force in the 21st century as it hosts considerable impact and influence towards the improvement in the economy and the authority over other economic setups. The third trend would involve the culture which forms the most significant part of industrialization and which would ensure the continued influence (Khanna, 2019). Impact in terms of improved approach and use of different strategies to influence and impact the cultural differences that may arise continuously in the global economy.
However, through the different chapters, there are key concepts and observations that Parag Khanna provides in line with the significant impact. Influence of different cultures and how the economy would work to establish considerable impact and power towards the cultural disparities that may exist in different economic settings. The insights that he suggests involve viewing the culture in a private eye where one can individually work to establish a better lifestyle and ensure that they are comfortable with the prevailing perception that influences how well they operate. Secondly, he identifies the preference of leaders as a significant influence on the different cultural issues and considerations that may involve the economic aspect and which may create a more significant impact and influence gradually. Lastly, he is keen at mentioning that there is a need to ensure better communication and which is critical in solving and creating better negotiations within cultural agreements and economic issues that may prevail. However, through all the cultural insights, it’s essential to understand its criticality. How well it works towards creating a better environment and its influence on the future of global industrialization.
Question 2
The production process is significantly different from other facts within any business environment. Working to establish a significant impact and influence on the cost and the various profitability aspects of a business would require continued impact and influence on the entire organization. The case of MTV is one of the most common dilemmas that organizations within significant markets may possess and which would require strategic positioning in the market to establish s higher command. Although there are continued and more improved products within the Brazilian market, it would be essential to understand that the experience and intrigued interaction within the market offers a significant advantage over the rest of the market shares and hence would require a twist of events to capture.
The situation the company faces requires the identification and application of essential strategies that would establish a better understanding of the environment and create a considerable advantage that would set significant market share and which would work as a guiding tool towards achieving market command. The situation, for the long-run, has continued to support and improve significantly with operations of the company as the monopoly and creating a better value for the better part and company support.
There are different strategies that the company may employ to maintain a significant share of the market and which would be valuable to the company and its operations significantly. However, these strategies that the company may choose are directly proportional to the value chain earlier introduced by Prof. Porter in his strategic organization analysis of the aspects of competitiveness and creating a better value for the organization’s products (Javed & Atif, 2019). A value chain is a marketing approach that aims at creating different methods through improving the significant primary functions to help develop better the various plans within the market. However, in relating the different ideas and strategies, they would apply better to the MTV organization in placing its products within the market by ensuring a successful strategy among the four get well executed. The strategies involve;
Cost leadership
The alternative involves the establishment of a low-cost price within the industry or market. MTV would require to understand the significant impact of pricing and aim at creating better rates within the market to establish a more substantial market share and cost leadership.
Differentiation
Under this consideration, the most critical part would involve offering a unique product, and that offers significantly better service than the competing one. However, within the value chain, the differentiation approach would require the analysis of operations where the company needs to incorporate more technology and innovativeness to establish a unique product.
Cost focus
Based on the fact that the company does not have relative fundamental know-how on the manufacturing of its products within the foreign country. It would become essential to create a better understanding of how well they focus on a specific niche that would have significant knowledge of the market.
Differentiation focus
Significantly, targeting a specific niche would have a significant impact and influence on better product competition. The organization needs to be in a position to identify a particular market segment, understand its needs, and establish considerable product differentiation. Through better services within the provision of the products in terms of after-sales, the company would have a significant impact on its product competitiveness and create better value in terms of competing within the entire market.
On the other hand, Zara, a well-known textile manufacturer, would require a significant impact on the market to compete with other more fabulous dealers continuously. Understanding the value chain would push the company towards creating a significant impact and influence on the establishment of a specific focus. The use of coats leadership would become a critical factor in establishing a substantial effect on the prices of products in the textile industry and how well it would create a better interaction between the market operators.
In terms of differentiation, the company would require the production of significantly unique designs that would help in building a better brand and which would influence the outcome of the company sales. Employing differentiation strategy in terms of quality of material used would also have a better future in the industry and impact significantly. The cost focus similarly would help the company to identify a specific gap within the market and provide significantly low prices to gain a better reputation and increase its sales. By providing satisfying products to the niche identified, the company would become better positioned to compete in the industry and create a significant impact gradually and ensure a better approach to other market gaps within the industry.
As for the case of soybean harvesters, it would be essential to understand the marketing gaps that would become helpful in understanding the significant influence within the market and competing better with the different market players. However, the company would help in guiding and improving its products by creating substantial product differentiation. It’s possible to understand the various cost aspects that would help build a better product that would compete within the market. Even though the company operates in significantly different markets, the marketing approach would become boosted by the issues related to competitive advantage. The aspect of differentiation is similarly a more significant boost and influence towards creating products with better methods to the market approach and which would have a more significant impact and influence gradually. Cost focus would also be a better approach towards the continued impact and power in the market segmentation and which targets the better part of the economy. On the aspect of differentiation focus, it would create a better approach towards product difference and create a better and influential plan gradually. For the company understanding the influence of value chain is one of the significant impacts and authorities in their product marketing and improving on its importance in the market. It would help in building a better approach towards production and contributing significantly to the different competing products.
Additionally, with the consideration of the first options that the company uses to engage its products in the competitive market, incorporating the different ideas of secondary functions of the value chain would have a better position in the market as compared to the various competitors on board. The firm infrastructure plays a critical role in the production of better products that would suit the market and which would be quite differentiated as compared to others. These are in terms of available resources within the different levels that would have a significant impact on the production process.
The human resources would similarly form a vital component in establishing the success of varying service provisions that would support product differentiation. Furthermore, the aspect of technology is equally essential for MTV in ensuring that their products would work better in the future and have better room for improvement as technology changes. Lastly, as part of supporting the more significant impact of incorporating value chain to the company process in the Brazilian market. It would be vital to ensuring that there is a better flow of resources in different significant areas and the barriers that may get well-taken care to improve and create a better market approach.
Question 3
Global industrialization has, for the longest time, been with us, and maintaining its impact on different economies has had a greater advantage and disadvantage in establishing a significant effect on most of the company’s operations within the marketplace. To understand the influence of globalization and how well it plays to improving the performance of different states and companies. There is a more excellent deal of analyzing the different significant ideas that would create value and which would influence how well the companies would work and ensure success within the industry. However, different schools of thought have had significant approaches to the aspect of globalization and the impact it may have on the current environment. In terms of resources, there are significantly different ways through which globalization would push the available resources to help establish a significant impact in the future.
Prof. Rivoli, in hos work of literature, mentions significant inputs towards the different ideas of anti-globalization, which continued to prevail for a significantly more extended period (Rivoli, 2014). It affected various organizations in different ways and brought up significant friction within the economy. Nike is one of the largest apparel producers within the globe. With its continued approach towards investments, the company employed a more significant approach significantly and dealt with the considerations of different globalization practices. The company practices have, for a longer time, become criticized in line with working towards creating an impact on the environment and individuals in the background.
Significantly there is a more significant shift in thoughts from the author in that the globalization aspect would have better than harm. It’s witnessed where he mentions that global economic growth may be in a better position to help solve the environmental problems that may prevail. By analyzing the advantages that globalization would bring on board, Prof. Rivoli understood that globalization helped most states in creating a significant impact on their econo0my. The Nike sweatshops have a substantial effect on the different economic ground that its factories become established. Through improving the living standards within its establishments, there is significantly a better influence towards adopting globalization in an economy to help in creating a more significant impact on its resources. The sweatshops in Bangladesh have a better value to the community and generally to the state as it reaps substantial revenue from the company operations and the community benefits through the creation of employment opportunities and improving economically.
However, the shift in his initial approach is made possible by looking at the more advantages brought about by globalization, which are more significant as compared to the harm it may cause. Basing his argument on Nike’s sweatshops, the ideas that the company brings to light in terms of economic growth are worth establishing a different thought about globalization as visible from Prof. Rivoli’s shift in approach.
However, the last sentence of Prof. Rivoli is significant in that there is a more considerable influence on the operations of Zara in that they have a better view of the impact of globalization. Where he mentions that the future is brighter than it used to be, the Prof. indicates that globalization would have a significantly higher impact on the economy. Zara should take up the advantage and improve on its operations to ensure continued impact and influence towards creating a more significant effect on the economy and the futures market. Prof. Rivoli is optimistic in that globalization will act toward the creation of a better tomorrow for most of the companies in the same industry as that of Nike and Zara and which would influence a significant impact on the global economy gradually.
References
Javed, A., & Atif, R. (2019). Global Value Chain: An Analysis of Pakistan’s Textile Sector. Global Business Review, 097215091882210. https://doi.org/10.1177/0972150918822109
Khanna, P. (2019). The future Is Asian. Commerce, conflict, and culture in the 21st century. Simon & Schuster, Inc.
Rivoli, P. (2014). Travels of a T-Shirt in the Global Economy. Wiley.