MGT 448 Week 1 to Week 5 All DQs

MGT 448 Week 1 to Week 5 All DQs - MGT 448 Discussion...

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MGT 448 Discussion Questions Week 1 – 5 Week 1 Discuss the following theory: The study of global business is relevant if you work or plan to work in a large multinational company, but it has little or no significance for individuals who work in smaller national firms. Do you agree or disagree? Defend your argument with at least two supporting statements. I agree that the study of global business is relevant when working for a large multinational company; however, I disagree that it has little or no significance for individuals who work in smaller national firms. This is because we live in a global marketplace where both multinational and national companies face the globalization of business. Today, boundaries no longer confine today’s contemporary organizations. The global village enables companies like Wal-Mart to sell products anywhere in the world; thus, national businesses with products like that of Wal-Mart are also affected by globalization. Moreover, an organization is mostly affected by globalization when its management decides to enter into the global marketplace. Therefore, individuals who work in smaller national firms tend to suffer the consequences of outsourcing, reduced pay rates, and/or when their competitors all together shift their customer base to foreign markets that are much more efficient and competitive. In terms of the changing global environment, the spread of capitalism makes the world a smaller place. Business has new markets to conquer. And well-trained and reliable workers in foreign countries become a rich source of low-cost labor for organizations everywhere. The implementation of free markets in Eastern Europe further underscores the growing interdependence among countries and the potential for goods, labor, and capital to move easily across national borders. What technological advances in telecommunications and transportation have influenced global business in the last decade? How have these technological advances affected regional economic development? What trends can be anticipated in these areas? Would globalization have been possible without these technological advances? Technological advances, especially those related to information technology (IT) have hand and continue to have a significant influence on global businesses in the last decade, as well as, the effect on the way organizations are managed. For instance, a local computer company in Long Island, NY are following in the footsteps of Dell by designing its factory without any space for inventory storage. Moreover, many other companies save millions of dollars by buying spare parts for its facilities over the Internet. Both of those decisions and actions were made possible by IT. In addition, IT has created the ability to circumvent the physical confines of working only in a specified organizational location. With laptops, eFax solutions, high-speed USB internet connections, Wi-Fi, and other forms if IT, organizational employees can do their work from any place, at any time. These technological advances have a direct effect on regional and economic
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This note was uploaded on 01/16/2012 for the course MGT 449 taught by Professor Various during the Winter '08 term at University of Phoenix.

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MGT 448 Week 1 to Week 5 All DQs - MGT 448 Discussion...

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