3. to What Extent Is Globalization Dependent Upon Standardization?

In: Business and Management

Submitted By karusas
Words 980
Pages 4
3. To what extent is globalization dependent upon standardization?
What are the implications?
During the last few decades, it is clear that many companies have an international orientation to their business activity. Many companies do business domestically, but they place a main concern on international markets also. Those companies apply international marketing strategies which fulfill the company’s needs, while at the same time satisfying clients in various markets.
Business environment is characterized by regular change and unending long-term processes of globalization of the economy. Rushing economic development in recent years led to constant increase in competition within the local market and in foreign markets. Lithuania contains various industrial companies with a highly concentrated production, which try to establish and strengthen their situation in foreign markets. International business has become essential for a large number of companies in Lithuania, which has improved by the processes of globalization and by the growth of international competition. Entering European Union had a pro-found effect on companies in Lithuania. International marketing and its application represent a key part of successful corporate management of all international companies in Lithuania. Entering of a company into foreign markets demands an accurate decision making process, because there are many aspects that affect such an internationalization process. One of the most important decisions concerns the marketing mix. By developing an appropriate marketing mix, organizations can satisfy the needs of their target market and reach their organizational objectives, improving performance. As a result, products that enter a foreign market for the very first time have to be tailored to the characteristics of that country, and since it is not likely that a single strategy will be…...

Similar Documents

To What Extent Is Islam Economical.

...recession in software sector,its a very good choice. You can choose MA as well as MBA,because the both courses in their position. According to me,go for the postgraduate branch in which you have much more interest in. I will prefer MBA,as there are so many option in MBA degree.As an economist you can join in both private as well as govt undertakings sectors.  Beside this you also can go with good communication skills and analytical mind, one could find employment in consulting firms. There are many specialization in MBA like  1:HR,  2:Finance,  3:Marketing , 4:Accounting , 5:Managerial Finance, 6:International Economics & Finance, 7: Master of Financial Economics, 8: Master of Quantitative Finance, 9: Master of Economics, 10:International Economics & Finance etc... After one of those courses you will be able to join as below: 1:Financial Managers or Financial Analysts 2:Corporate Controllers, 3:Accounting Managers, 4:Chief Financial Officers, 5:Treasurers and Finance Officers, 6:Chief Financial Officers, 7:Management Consultants, 8:Cash Managers, 9:Investment Banking Associates, 10:Management Consultants, 11:Investment Sales Associates and Traders, 12:Credit Managers and Specialist etc.... Choose this whatever you want. There are so many institution all IIPMs,Bangalore Management Academy etc... Good......

Words: 395 - Pages: 2

To What Extent Italy Caused Ww1

...produce a reasoned, analytical essay that comes to a judgement as to extent, significance, importance etc. To reach a Level 5 answer of 25–30 marks you need to write an evaluative or integrated essay that answers the essay question set, showing direct understanding and backed up by detailed, accurate supporting evidence spread across the time period specified. You will almost certainly need to achieve at least one High Level 4 and a Level 5 answer to gain an A grade. Most candidates produce an essay which provides some of the above qualities but not all, achieving at least Level 3 (starting at 13 marks). You will almost certainly need to produce two Level 3 answers to gain an E grade. The key to gaining a good grade is to try to produce an essay with all the required qualities. However, before you can write your essay it is essential that you know your topic. In the specification (exam guidelines) each topic is divided into four bullet points across a specified period of time. You need to revise all the information for your topic because the questions asked can be about the whole topic, a theme from one or more of the bullet points or from only one of the bullet points. It is also very important that you know the key dates for your topic (see the Chronology) so that you can understand why questions begin and end with certain dates or how they can be used as supporting evidence in your essays. All answers from Level 3 upwards require some accuracy of factual knowledge and a......

Words: 9843 - Pages: 40

To What Extent Is It True That the Amount of Profits Earned by a Business, in an Economic Downturn, Depend Upon the Industry in Which It Operates?

...dramatic decrease in luxury spending due to the increased price of necessity goods, some of which I will discuss below. The first company which have been doing well whilst England have been dipping in and out of recession is KFC, they have seemed to reap the benefits of people having less money to spend whilst being able to put back into the economy by creating jobs, this is shown by in Worcester the ‘Job Centre’ was approached by KFC to fill 70 jobs that were to be created, this story was published to BBC news on the 27th of October 2008 which was not long after the 3rd quarter of 2008 meaning this was when the recession firs began. Also on the 16th February 2009 BBC news published another story quoting KFC on ‘creating 9000 jobs over the next 3-5 years’ this is a staggering figure and one that was created during a heavy recession, they even said themselves they were ‘doing good business during the recession as people were drawn to cheaper food…’ The expansion was said to have cost around £150m but would be worth it to create many jobs across the UK despite the last quarter of 2008 having a GDP change of -2.1%. In contrast to my previous point one industry which isn’t bulletproof is the car industry which took a turn for the worst during the recession, in mid-December 2008 car industries were talking about cutting shifts and shorter hours for workers according to a post on BBC news, also included in this story was a quote from Aston Martin stating they were’ having to cut......

Words: 1371 - Pages: 6

To What Extent Has Globalization Had an Impact on State Sovereignty?

...To what extent has globalization had an impact on state sovereignty? Some suggest that nation state is still the dominant performer, other argue that state sovereignty is being undermined by non- state factors such as globalization. To answer to the question to what extent has the sovereignty of the nation-state been undermined by globalization, it is essential to look on the general definition of both terms. According to the more or less objective definition of globalization [there are many pessimistic and positive views of globalization], it is a term which illustrate the worldwide spread of influences of phenomena, such as culture, religion, language, transport, media, health concerns, technology and environmental concerns. Broadly speaking, state sovereignty is a supreme, absolute and uncontrollable power by which an independent state is governed without foreign interference. In this sense, internal aspect refers to the ultimate source of authority within a state. Basically, there are two dimensions of sovereignty in course of political sense, namely internal and external sovereignty. Internal sovereignty shows exclusive political control, where state government is the ultimate source of legal and political power. Externally, sovereignty means that other governments have no right to interfere in that state’s affairs. An example in the course of undermined external sovereignty can be present the UK, where sovereignty was compromised by European Union, Devolution, UN,......

Words: 1136 - Pages: 5

To What Extent Has Globalization Improved the Lives of Children and Youth?

...To what extent has globalization improved the lives of children and youth? Over the years globalization has spread and touched almost every person on the planet. It has shaped and influenced individuals and continues to do so to this day. The youth of our society is most influenced by globalization because of their interaction with the media and each other. Globalization is so influential in the world because it has the power to change people’s lives and change the way people think and interpret ideas. I think that globalization has had a positive effect on the children and youth in Canada because it has promoted positive thinking and positive actions in them. I think that globalization has influenced two main concepts in youth, firstly it has given them new and improved technology that can help them to communicate and interact with thousands of other kids around the world, and secondly, globalization has also improved education in youth which can help to widen and expand their minds. Globalization has helped children through various forms of technologies; communication technology is the major one that globalization influences. Technology has helped children to communicate and get to know children with different lifestyles, by doing this youth can learn and appreciate what they have and how they live. Globalization has allowed the younger generations to see the world more easily and be exposed to more cultures and ideas than ever before. With the influence of......

Words: 639 - Pages: 3

What Are the Characteristics of Globalization?

...What are the Characteristics of globalization? Arvind Kumar The main features of globalization are stated below. 1. Liberalisation: The freedom of the industrialist/businessman to establish industry, trade or commerce either in his country or abroad; free exchange of capital, goods, service and technologies between countries; 2. Free Trade: Free trade between countries; absence of excessive governmental control over trade; 3. Globalization of Economic Activities: Control of economic activities by domestic market and international market; coordination of national economy and world economy; 4. Connectivity: Localities being connected with the world by breaking national boundaries; forging of links between one society and another, and between one country and another through international transmission of knowledge, literature, technology, culture and information. 5. Borderless Globe: Breaking of national barriers and creation of inter- connectedness; the ideal of 'borderless globe' articulated by Kenichi Ohmae. 6. A Composite Process: Integration of nation-states across the world by common economic, commercial, political, cultural and technological ties; creation of a new world order with no national boundaries; 7. A Multi-dimensional Process: Economically, it means opening up of national market, free trade and commerce among nations, and integration of national economies with the world economy. Politically, it means limited powers and functions of state,......

Words: 620 - Pages: 3

To What Extent Is Security a Necessary Precondition for Development?

...To what extent is security a necessary precondition for development? Introduction It is put forward that security is not necessarily a precondition for development, but rather, both concepts of security and development are inextricably linked. With neither one being predominant over the other; rather the influence of both oscillate, dependent upon the individual circumstances within the State or region. In essence, what this answer will aim to illustrate, is the extent of this link, the theories which explain it, and whether or not security underpins development. Before we begin however, it would be prudent to first, define the concepts of ‘security’ and ‘development’. From the obvious, national security dimension, to the more human-centred, holistic definitions, finding a simple definition for the concept of security is a complex task, due to the variety of ways in which it can be defined. For the purposes of this essay however, the definition provided by the United Nations Development Programme (UNDP) as security being “the prevention of any threat to individual or national security irrespective of that threat being political or economic in its nature, as such threats would threaten the process of development”[1] would be an appropriate fit, as it incorporates both the traditional State-centric element, and also the more holistic, human security definition.. Traditionally, the definition of development has been one that has been predicated upon a mainly economic...

Words: 3100 - Pages: 13

1. Is Ted Levitt’s Premise on Globalization and Standardization Correct?

...International Business Assignment 3 1. Is Ted Levitt’s premise on Globalization and standardization correct? Based on the two major industries that he is comparing such as multi-national versus global corporations, Ted Levitt's premise on Globalization and Standardization are correct. At some Standardization is prevailing to be a better option for business and consumers than Globalization and in certain aspects Globalization is a prevailing factor. For example, the definition of standardization in terms of operating a business with its products or services is to decrease the cost of production as well as price of the product or service and at the same time provide a high quality of that product to make it a standardized product in order for consumer to take interest in your company. On the other hand, Globalization is more of a Model-T that was created by Henry Ford, that an industry should serve the taste and interest of different people around the world, based on their idea of necessity of certain things in life. In some aspect it is a genuine matter that consumers would be interested in buying what is necessary in their daily lifestyle, however, industries are required to view the bigger picture from a standardization aspect. Standardization view suggests that with low cost and high marketing value, consumers can be attracted to purchase your product. 2. Are firms being forced to globalize (become multi-nationals) due to market pressures regardless of......

Words: 537 - Pages: 3

To What Extent Is Security a Necessary Precondition for Development?

...the other; rather the influence of both oscillate, dependent upon the individual circumstances within the State or region. In essence, what this answer will aim to illustrate, is the extent of this link, the theories which explain it, and whether or not security underpins development. Before we begin however, it would be prudent to first, define the concepts of ‘security’ and ‘development’. From the obvious, national security dimension, to the more human-centred, holistic definitions, finding a simple definition for the concept of security is a complex task, due to the variety of ways in which it can be defined. For the purposes of this essay however, the definition provided by the United Nations Development Programme (UNDP) as security being “the prevention of any threat to individual or national security irrespective of that threat being political or economic in its nature, as such threats would threaten the process of development”[1] would be an appropriate fit, as it incorporates both the traditional State-centric element, and also the more holistic, human security definition.. Traditionally, the definition of development has been one that has been predicated upon a mainly economic basis, with the World Bank terming it as the reduction of global poverty.[2] While on the other hand, the UN has defined development as being the process of creating “an enabling environment for people to live long, healthy and creative lives”[3] and it is this definition which shall be......

Words: 303 - Pages: 2

To What Extent Are Human Rights Universal?

...To What Extent Are Human Rights Universal? Article 1 of the Universal Declaration of Human Rights states that ‘all human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood’ (The Universal Declaration of Human Rights, 1948). This idea that human rights should be applicable and accessible to all, that they are, in all senses of the word, 'universal', is a topic of debate for many critics in all parts of the world (Tharoor, 1999: 5). The very concept of anything being universal is in itself controversial; can anything in our multicultural, multipolar world ever be ‘truly universal’? This essay aims to evaluate the extent to which human rights are universal, focusing on the imposition of Western norms on Non-Western countries, the cultural relativist view of universal human rights and the defence for human rights as a universal idea. The first hurdle that the idea of universal human rights faces is who defines human rights? Critics such as Michael Ignatieff argue that the Universal Declaration of Human Rights is a Western document, and that individuals from Non-Western countries are not given the same rights as those in the West (O’Connor, 2014). This is noticeable in the emphasis on individual rights as opposed to communal rights, which are commonly practiced in Non-Western countries. In addition, many of the rights stated are only accessible to the West, such as the......

Words: 1471 - Pages: 6

To What Extent Has Globalization Improved the Lives of Children and Youth?

...To what extent has globalization improved the lives of children and youth? To say that globalization has affected the lives of children and youth around the world would be an understatement. But with the growth over the years from globalization, many pros and cons have come out of it. The forthcoming of globalization has done wonders to developed countries, but not so much for underdeveloped countries. This is why I stand on a thin line between if it has improved the lives plenty, or not quite enough. Globalization has increased economic competition. With this producers try to provide goods and services of value at the lowest possible prices. To achieve such a goal, manufacturer’s hire youth and children. They force the youth and children to work in horrible conditions that are unsafe and threatening to their health. They take advantage of the children due to the fact that they talk themselves up, and the children and afraid to speak up for their rights. Most of these kids that are being used as cheap labor, will never have a chance to go to school to further their education and to be able to get higher paying and safer jobs. In accordance with the UN’s Convention on the Rights of the Child, it recognizes that “the child [a person under 18 years of age], for the full and harmonious development of his or her personality, should grow up in a family environment, in an atmosphere of happiness, love and understanding, …and in particular in the spirit of peace, dignity,......

Words: 340 - Pages: 2

To What Extent Should Governments Protect Local Newspapers from the Forces of Globalization?

...Today’s present forces of globalization have had an unmistakable affect on the local newspapers. Larger companies in particular, are slowly overtaking local newspaper businesses in Canada. In 1990, 17.3% of daily newspapers were independently owned, whereas in 2005, the number had dropped to 1%. With such a drastic shift to the near monopoly of media conglomerates controlling the newspaper industry’s inevitable economic and political problems arise. Thus, governments should support local newspapers to the extent that it is economically reasonable. Resultantly, this action will lead to a diversified media economy, preservation of accurate local viewpoints, and the maintenance of ideological democracy in Canada without creating an unnecessary burden on the Canadian government. By supporting local newspapers with reasonable subventions, the competition between companies will increase. The existence of a free-market environment forces companies to produce quality newspapers instead of the stagnation brought upon by the “monopoly company mindset”. From an economic standpoint, the existence of multiple companies also allows for a leeway for failure. The bankruptcy of a media outlet that services a large portion of the population would be dangerous. Responsive government intervention to restore the company or substitute the newspaper would be an unnecessary cost. A further result would be the immediate limitation of the people’s “right to information”. As government is divided......

Words: 589 - Pages: 3

To What Extent

...whereas her cousin Kate “ha*s+ not”. Cousin Kate is a poem about love, as well as the inequalities between men and women (as a result of the events within the poem, since the narrator is female she is branded an “outcast” while the male continues as normal) and the bitterness of being dumped. FORM : first person narrative VOICE: ambiguous NARRATIVE VOICE: jealous, sad, angry, happy, and betrayed. CONTENT: contrasting emotions help to place the reader into her situation that enables them to feel empathy towards. BALLAD FORM: song-like quality, softer tone created which increases feelings of sympathy towards narrators’ character. STRUCTURE: Title at the start suggests that the poem will be about Cousin Kate but we learn in stanza 3 that it is not – never hear the voice of Cousin Kate. Interestingly: the “cottage maiden” is never named which reinforces her low status in comparison to her Cousin Kate. SIX VERSE, 8 LINE POEM: regular and strict structure reflects the growing pain and emotions that the narrator has endured may also mirror the restricted life she now leads. Regular rhythm = the narrator cannot escape her predicament LANGUAGE: use of questions reflecting on past events (unanswered). Strong use of verbs (“lured” “cast” “chose”) mirror how unfairly she feels she has been treated – placed her as victim; so reader again sympathises. Oxymoron – “my shame, my pride” reinforces ambi -valence. Lack of direct sexual imagery: “changed me like......

Words: 793 - Pages: 4

To What Extent Is Congress a Broken Branch

...To what extent is congress a broken branch? As we go into the second year of the 114th congress it is clear that now more than ever there is a clear divide between the parties ideologically and socially, affecting the efficiency of congress. With the media having an even greater influence than ever, the general public are being influenced to view the opposite party as adversaries in commerce rather than comrades. Congress’ apparent neglection to perform their duties of representation, oversight and legislation, is under noticeable scrutiny form the public. Whether the bureaucratic system is altogether faltering and letting down the American people is still to be argued. Obama’s limitations are resultant of a Republican Majority in both the House and the Senate. With a Democrat in executive power and a Republican run legislative body, the legislation process is far less effective than in previous years, with either side causing restrictions for the other. Only 115 bills have been able to pass through and become enacted laws within the last year. In comparison to 385 when there was a Democratic majority in the House. In perspective, triple the amount of bills passed through the 111th congress than through the current one. One could argue that bills do not need to be passed through congress at a substantial rate, however this is congresses way of representing the wishes of their people and therefore an extremely important duty to perform. The conflict between the......

Words: 1979 - Pages: 8

What Is Globalization

...1. What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? * Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in 1914.This current wave of globalization has been driven by policies that have opened economies domestically and internationally. In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment. Governments also have negotiated......

Words: 905 - Pages: 4

FiiO M9 High Res Lossless (DSD/FLAC/WAV/MP3) Digital Audio Player DAC - Black | £0 Shipping | Good Girls Revolt