Q1) Globalization Has Brought About Dramatically Change

Many companies and business entities achieve higher levels of market success through extensive supply chain management. Market success within these industries and companies is possible through implementation of mass customization strategy. Mass Customization represents an approach within the business entity that seeks to be innovative, enhance quality, minimize cycle time, improve agility, and generate consumers who want to only associate with the firm or organization. The main objective of the mass customization strategy rests on the provision of products and services to satisfy unique tastes and preferences at affordable prices that relate effectively with target groups. A visit to Lutron Organization generates clear indication of how mass customization applies in relation to its application in business entities. Lutron organization adopts the strategy of mass customization to meet the needs and expectation of the consumers. Mass Customization is also effective and efficient in developing competitive advantage over other entities within the same industry. The approach of maximizing revenue while expanding the market coverage by Lutron draws from new technologies and knowledge in relation to forces of consumers and company demands. The main aim of the strategy within Lutron is to enable consumers acquire any product or service they want, anytime, in any way, and anywhere while enhancing the profit levels.

Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process.

Inspired by my multi-cultural identity and my family’s global manufacturing and printing company, my desire to pursue a career in global supply chain management continues to shape my professional life. While completing degree, I worked full time at MazGraphic Digital Company, Unified Grocers and Aerojet Rocketdyne. My involvement with these companies led me to become increasingly detail-oriented, heightened my ability to multitask and learn about different supply chain strategy. After graduating college, I joined the Munchkin Inc. team as a supply chain

Logistics is one of the main functions within a company, and the supply chain is a complex and sometime fragile global endeavor dependent on a network of independent, yet interconnected, moving parts. It requires professional management. Supply chain professionals order the product, build it, move it, ship it, distribute it, and drive the coordination processes with marketing, sales, engineering, manufacturing, finance, and information technology. In short, they make any business effort seem effortless.

1. Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international business based in Great Britain? North America? Hong Kong?

The global supply chain in the retail industry has witnessed changes and shifts which have led to opportunities and challenges for the involved players. This has occasioned shifts in trade and consumer behavior patterns. Among these are global growth patterns brought about by explosion of more cities and thus growth in infrastructure. There have been flexible supply chain trends which have enabled retail operators to adapt effectively to unexpected circumstances and changes. Moreover, globalization has changed the way retail supply chain is managed as more mature markets emerge to provide logistic and standard solution needs of the businesses. Conversely, near-shoring has

Any market in terms of marketing consists of buyers who differ in their tastes, desires, needs, and, most importantly, buy goods based on different motivations. Therefore, the entrepreneur must understand that in diversity of demand, especially in a competitive environment, each person will react differently to the goods or services offered. Very difficult to satisfy all customers, because each of them has some differences in the requirements. Production and sale of a limited number of types and models of products, designed only to a certain average level, without differentiation needs may not be the best strategy to use the potential of the company. For example, some

The rise of globalization following WWII generated three important factors that define today’s world. McNeill and McNeill agree with Pollard, Rosenberg, and Tignor that multiple economic changes, such as the creation of financial institutions like the International Monetary Fund (IMF) contributed to the globalization of the world economy. Carter and Warren further this argument by claiming that globalization has caused shifts in the modern economy, namely the rise of Asian economic powers. However, all three historians agree that the rise of globalization goes hand in hand with the rise of inequality in today’s world. Gaps in power, wealth, and access to information have only widened due to the trend of globalization. The final key factor defining our world today are the ongoing processes affecting development countries. McNeill and McNeill argue similarly to Carter and Warren that the end of imperialism generated new nations who quickly realized the free market was a pathway to stability. However, Pollard et al. and McNeill and McNeill place importance on financial institutions like the IMF forcing developing nations to reform their economies to be subservient to the world’s economy. Together, these historians argue that the trend of globalization following WWII caused factors like the modern global economy, the rise in inequality, and the development of new, decolonized nations to be key determiners in the world today.

The general environment factors are most likely to have a very strong impact on any business entity. There are several general environment factors and their impact on any form of a business. These include economic, legal, political, technological, and socio cultural factors. The business has to prepare for the foreseen as well as unforeseen general environment factors that are most likely to affect it either positively or negatively. These factors can impact the business presently or in future. What then are some of the major general environment factors and their impact on Mainfreight - Global Supply Chain Logistics in the next 10-15 years? This paper evaluates the first three aforementioned general environment factors and how

The world was changed to globalization. Some of business turned themselves to global company for the great opportunity to reach new markets and supply or more resources that can improve the competency of company working process. Especially, in procurement department, it can be divided into 2 parts. That is purchasing and sourcing. The definition of sourcing means the process to finding proper resource from supplier. Supply chain is a system of a firms, people, information, activities, and resources that involve sending a products or services from supplier to consumer (Nahmias, 2013). Global sourcing was created according to atop paragraph. Global sourcing is the firstly process in supply chain (or someone called global supply chain) to finding a new supplier, selecting the supplier from AVL (Approved vendor list), Contract negotiation (Mostly in pricing), find the proper way to bring the shipment flow from any obstacle .The reason why they using global sourcing is a pricing gap between supplier country and ordering country. Ordering company can take advantage from global resources. The second reason is goods or products are special one because nowhere can find expect this supplier. Global sourcing and retailer are involved at the same like another company. Retailer can classify the type such as online store, grocery store, superstore (market), department store, etc. Retailer need to orders many products come to store and stock it. They have to face risk for stocking such as

Sociology has looked at the way people interact with one another in groups, cultures, societies and organizations. An emerging topic in sociology that takes in a bigger and more worldly view is globalization. Globalization is defined as taking into account the way the world becomes more connected with itself through cultural, transportation and communication means. These international connections came before the time of capitalism and colonization itself. Long since then, countries have traded with one another in spices and riches to influence food and even culture. Back in the 19th century, it took people a very long time to get from one place to the other but now with advances and technologies, it is possible through both real time or

We are all aware about the importance of supply, manufacturing and operations chain for any business. It becomes even more important if we are crossing the borders and entering international marketplaces as we are

Globalization is a communication and connection between person-to-person, local-to-local and nation-to-nation to preserve and develop trade, technology, education, and etc. There are a couple aspects of globalization to count on, but this essay will be focusing on one specific dimension of globalization. Mostly, this essay will examine economic aspect of globalization as well as it will conduct a research: how globalization has changed the economic condition of a country or the lives of people. Moreover, this article will discuss free trade and its contribution to developing globalization. Furthermore, it will touch to the history of globalization and compare history with today’s globalization and its progress. Finance plays an important role in the nation’s development, therefore it is very essential to discover how the process of globalization is contributing to economic development of a nation.

Jan Aart Scholte states that ‘Some people have associated globalization with progress, prosperity and peace. For others, however, the word has conjured up deprivation, disaster and doom.’ Globalization is truly a complex phenomenon. It indicates that the world today is getting smaller because people from all around the world are interconnect than before. Globalization is driven by a combination of economic, technological, sociocultural, and political factors. In this paper I will discuss the impact of globalization on society: at social, cultural, economic and political level. (Kivisto) (Viswanathan) (Pacific) (R.)

Globalisering word beskou as die proses waardeur besighede en organisasies internasionale invloed ontwikkel of op internasionale skaal begin werk (Oxford Dictionaries, 2014). Daar vind interaksie en integrasie tussen die mense, maatskappye en regerings van verskeie nasies plaas waar die proses van Globalisering deur internasionale handel, beleggings asook inligtingstegnologie gedryf word (What is Globalization?, 2016). Dis dus ‘n internasionale industriȅle en finansiȅle besigheidstruktuur (What is Globalization?, 2016). Globalisering word gesien as ‘n wȇreldwye onderlinge verbintenis wat as ‘n groot geleentheid, maar ook ‘n groot bedreiging beskou kan word, wat lei tot goeie samewerking, maar dit kan ook wrywing en konflik