Subject is Communication Skills   Government drivers Mapco’s globalization is influenced by government drivers to some degree. Government drivers involve national governments encouraging international trade in an attempt to create economic advantage and wealth. This encouragement can come in forms such as the removal of tariffs on imports and exports, the creation of trade blocs, the willingness of countries to let companies from other nations trade inside their borders, and the privatization of previously nationalized industries or companies (Ball, 2012). There is little to suggest that any governmental drivers have had a significant effect on Masco’s globalization within the report provided by Hurley (2013), although the economic openness between the UK and African nations is self-evident given that trade takes place between Mapco and African consumers.   Cost driver Cost drivers have an impact on Mapco’s globalization. They are factors which may allow an organization to lower the costs of a product or service. Factors such as gaining economies of scale, lower labor and resource costs, technological advances aiding engineering and communication, and improvements in delivery and infrastructure system can all enable organizations to save costs (Ball, 2012). Mapco has been enabled in its globalization by the technological innovations that have been created affordable dehydration equipment. Although not discussed in great depth by Hurley (2013), it is reasonable to assume that modern technological advances creating greater communication, infrastructure and delivery capabilities all have significant effect on enabling the globalization of Mapco.   Define globalization? Which sources do the key concepts come from? What are the key concepts that frame each paragraph? Define these two concepts and provide a supporting example What are the evidence / examples / data Used to support the main claim in the first paragraph?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question
100%

Subject is Communication Skills

 

Government drivers

Mapco’s globalization is influenced by government drivers to some degree. Government drivers involve national governments encouraging international trade in an attempt to create economic advantage and wealth. This encouragement can come in forms such as the removal of tariffs on imports and exports, the creation of trade blocs, the willingness of countries to let companies from other nations trade inside their borders, and the privatization of previously nationalized industries or companies (Ball, 2012). There is little to suggest that any governmental drivers have had a significant effect on Masco’s globalization within the report provided by Hurley (2013), although the economic openness between the UK and African nations is self-evident given that trade takes place between Mapco and African consumers.

 

Cost driver

Cost drivers have an impact on Mapco’s globalization. They are factors which may allow an organization to lower the costs of a product or service. Factors such as gaining economies of scale, lower labor and resource costs, technological advances aiding engineering and communication, and improvements in delivery and infrastructure system can all enable organizations to save costs (Ball, 2012). Mapco has been enabled in its globalization by the technological innovations that have been created affordable dehydration equipment. Although not discussed in great depth by Hurley (2013), it is reasonable to assume that modern technological advances creating greater communication, infrastructure and delivery capabilities all have significant effect on enabling the globalization of Mapco.

 

  1. Define globalization?
  2. Which sources do the key concepts come from?
  3. What are the key concepts that frame each paragraph?
  4. Define these two concepts and provide a supporting example
  5. What are the evidence / examples / data Used to support the main claim in the first paragraph?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Communication challenges
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON