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Business Globalization
Business globalization is generally connecting economic regions worldwide in a network of trade, communication and transportation. The companies that use these networks manage resources on a global scale to meet their financial goals.
1,232 Questions
What is diversification strategies of reliance industry?
Reliance is pursuing unrelated diversification strategy, it is conglomerate and has expanded into various markets; namely power sector, telecommunications, infrastructure, retail etc.
How do you answer 'Do you consider yourself a team player' in a job interview?
In a work environment, there are "team leaders", "team players", and "loners". A team leader is usually a manager or supervisor of a group (team) and is responsible to lead or manage the task(s) that the team will work on by assigning each team member a workload. A "team player" (a member of the group) works well with the rest of the group and carries his/her share of the load and helps the others achieve the task(s) for which the team is responsible. A loner prefers to work alone and manage his/her own tasks. In order to answer the question, you need to analyze the three categories and determine where you fit best and answer honestly.
What are the Advantage and disadvantage of price discrimination?
Advantages of Price Discrimination
1. Firm will be able to increase revenue. This may enable some firms to stay in
business who may have otherwise have made a loss. E.g. train companies need
price discrimination to offer off peak travel
2. Increased revenue can be used for Research and Development
3. Some Consumers will benefit from lower fares. E.G. old people can take
advantage of cheaper fares on trains.
Disadvantages of Price Discrimination
1. Some Consumers will face higher prices, leading to allocative inefficient
and a loss of consumer surplus.
2. Often those who benefit from lower prices may not be the poorest. For
example some old people may be quite rich, but unemployed will have to
pay the full adult fare.
3. There may be administration costs involved in separating the markets
How do you define global competitiveness?
ability and performance of a firm, sub-sector or country to sell and supply goods and/or services in a given market
What does China import from the US?
China is the 3rd largest exporters in the world. Many countries, including US buyers import from China. Many of our everyday products are made from China. It is undeniable that China export market is indeed very big. There are many products that US import from China such as apparels, fashion accessories, electronics, security products etc. To view thousands of products from China suppliers, maybe you may want to try B2B websites. There are many B2B websites in the market today. One of the reputable ones & a personal favorite is: http://www.globalsources.com as they've verify each supplier at least 3 times to ensure they have real factories & are export-ready. I've found several great China suppliers from them. Hope that helps!
What is the role of global manager?
The global manager has to play multidimension role by combining his technical skill, people skill and soft skill. the manager must have combination of hard as well as soft skills. He must be able to organize, analyse and motivate people at international level.
GLOBAL MANAGER HAS FOLLOWING ROLES :
1. IN THE CAPACITY OF COUNTRY MANAGER.
The global manager has to deal with clients, legal bodies, immigration authorities on behalf of his office.
2. IN THE CAPACITY OF FUNCTIONAL MANAGER.
The global manager has to select right technique, right resources, software projects to compete at international level.
3. IN THE CAPACITY OF BUSINESS LEADER.
The global manager has to make changes in the organization keeping in mind
the trend of World and requirement of outsourcing.
The global manager has to play multidimension role by combining his technical skill, people skill and soft skill. the manager must have combination of hard as well as soft skills. He must be able to organize, analyse and motivate people at international level.
GLOBAL MANAGER HAS FOLLOWING ROLES :
1. IN THE CAPACITY OF COUNTRY MANAGER.
The global manager has to deal with clients, legal bodies, immigration authorities on behalf of his office.
2. IN THE CAPACITY OF FUNCTIONAL MANAGER.
The global manager has to select right technique, right resources, software projects to compete at international level.
3. IN THE CAPACITY OF BUSINESS LEADER.
The global manager has to make changes in the organization keeping in mind
the trend of World and requirement of outsourcing.
Why does the firm use diversification strategy?
Diversification allows for firms to move away from relying on single brand/service lines. It also allows for them to survive by adapting to changing markets and demographics.
Is Wichita Kansas a good place to build a factory?
It depends on what you want to build. Aircraft would be a good idea but anything else might be difficult. Since its the air capitol of the world, there are bound to be many people looking for work in that field and you will probably get lots of help with starting your business, considering the fact that Wichita wants to keep its title as the capitol. You might also want to think about the people, Wichita is mostly republican and its population is about 300,000 (as of 2010).
