MAN-372OL-WRITTEN ASSIGNMENT-(FINAL)-

MAN-372OL-WRITTEN ASSIGNMENT-(FINAL)- - Managing Global...

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Unformatted text preview: Managing Global Expansion of Textile in Belgium 1 Managing Global Expansion of Textile in Belgium Thomas Edison State College John Doe Managing Global Expansion of Textile in Belgium 2 Abstract Globalization is inevitable in the present since the world has become a global village. In addition, it is an unavoidable strategy for any firm who objective is to become a market leader. Driven by technological innovation, textile firms in Belgium must employ this strategy in order to meet and beat the over increasing competitors. Though there are different reasons why firms venture into the global market, one of the major reasons is to win a big market share thereby earning maximum returns on investment. Based on this knowledge, the best strategy that the textile firms in Belgium can employ is direct foreign investment. Managing Global Expansion of Textile in Belgium 3 1.0 Introduction. Globalization is one phenomenon that is evident in all parts of the world and has been catalyzed technological advancement making the whole world a global village. According to Bertho, Crawford, and Fogarty (2008), “It is usually defined as disintegration of national boundaries an act, which leads to integration of countries and economies” (p. 4). It leads to formation of a world economy and a single world market. Although no one can argue the fact that globalization is a real phenomena, the impact of the same both positive and negative remains debatable. Belgium, which hosts the European Union Headquarters, is a developed country, which has been affected by globalization. Though Belgium has a diversified economy, this term paper focuses on managing global expansion of textile in Belgium since the textile industry is one the major industries affected by globalization. Additionally, the paper focuses on the essence of globalization, cultural and political factors affecting globalization. We will also look at the strategies that firms need to employ and recommendations that the Belgium textile industry needs to employ to succeed in the global market. It is worth noting that the fierce global competition requires a firm or an economy to use strategic policies that will make the firm to remain at a competitive advantage. More so, current global economy has affected many economies and their rate of recovery depends on the microeconomic factors being employed by the policy makers within the individual economies. This calls for thorough research on the most viable markets/ economies to invest. According to Ali 2000, “The effects of globalization affect the developed and the developing countries and across industries differently” (p. 5). Developing Managing Global Expansion of Textile in Belgium 4 nations benefit greatly from the global economy because they stand a chance to develop their economy, which results not only in economic development but also in other forms of development like social and political arenas. On that same note, developed nations also benefit greatly from fewer and in many cases no trade...
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This note was uploaded on 04/07/2012 for the course MANAGEMENT 301 taught by Professor ?? during the Spring '10 term at Thomas Edison State.

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MAN-372OL-WRITTEN ASSIGNMENT-(FINAL)- - Managing Global...

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