Spring 2007 Final Exam RQ

Spring 2007 Final Exam RQ - Michael Fratantuono, IB&M...

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Guidelines and Review Questions: Final Exam Spring 2007 Structure of the Global System Over the past two decades, US firms have outsourced manufacturing jobs to China and white collar service jobs to India. More recently, US firms have “outsourced innovation,” and there is talk about the United States becoming the “creativity economy.” Some analysts have been supportive of these developments. Others have been critical. What factors have stimulated these developments? Looking ahead, what do you see as the implications of these developments for the United States, China, and India? In which camp do you place yourself—supporter or critic of these developments? Explain the basis for your position. Stimulating factors Slash machinery prices Slash development costs Legions of hungry college grads in India/China and Phillipines willing to work twice as hard for 1/5 th of the pay. Take advantage of labor arbritrage – huge wage gap between industrialized and developing countries. Corporate growth Making better use of skilled staff Job creation in US Efficiency, Productivity, Quality, Revenues that ca be achieved by fully leveraging offshore talent Turn aroung dying businesses, speed up pace of innovation Catalyst for a broader plan to overhaul outdated office operations and prep for new competitive battles Liberate expensive analysts, engineers and salesmen from routine tasks Meticulously dissect the workflow of an entire HR, finance and info tech dept. Deliver products faster at a lower costs My thoughts How do you manage employees you cant see? Big layoff often accompanies big outsourcing deals Killer of good American jobs Compete against legions of hungry college graduates. US – Creative economy, China/India – Manufacturing Interdependence
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The CEO of IBM, Mr. Samuel J. Palmisano, has recently spoken about the evolution of the multinational corporation into the globally integrated enterprise (GIE); those aspects of the globalization process that have stimulated that evolution; the defining attributes of the GIE; the challenges for the GIE; and the impact that the GIE will have on the structure of the international system? At the same time, new aspects of interdependence among the people of the world have emerged as the globalization process has unfolded. For example, interdependence is reflected in the challenges posed by global warming and the threat of a pandemic. Assume that the image of the GIE sketched by Palmisano is accurate for most large corporations. Explain the role that the GIE might play in addressing either global warming or the threat of a pandemic. Pandemic
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This note was uploaded on 04/10/2008 for the course INTERNATIO Global Eco taught by Professor Fratantuano during the Spring '07 term at Dickinson.

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Spring 2007 Final Exam RQ - Michael Fratantuono, IB&M...

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