Impact of Globalisation on Businesses

Impact of Globalisation on Businesses Assignment 10: A structured, illustrated, essay of 2,000 words (+/- 10%) Why have global businesses appeared? What type of businesses might have plans to become global? How do global companies affect a) international trade, b) creating employment, c) increasing consumer choice, d) ethical objectives, e) tax revenues, f) cultural diversity, g) financial markets. How do governments respond to an expanding global economy? Outline the main government areas of intervention: a) fiscal policy, b) monetary policy, c) privatisation and nationalisation, d) trading blocs, e) exchange rates. For your company, evaluate how it has confronted the various demands of globalisation.   Ã‚   Sources: Refer to Unit 118/119/120 of your text book, p. 686 Search on the internet using Google. If you copy/paste into your text, use inverted commas, give references and credit at the bottom of your page. Copy and Paste should be a maximum of 10% of your final copy. At the end of your assignment, give a complete bibliography. Type in Word using Calibri FONT. The main text should be font size 12. Use recto/verso printing if possible to save paper. If using images or graphs, make sure they correspond to a point you wish to make in the text. Introduction: Globalisation is worldwide business. It is really important because businesses can get customers from all over the world. In this assignment I will show you, why global business important and what types of business might be going to be global. Also I will introduce how global companies affect such as international trade, knowledge transfer, creating employment, increasing consumer choice, ethical objectives, tax revenues, cultural diversity, financial markets. And I will explain how governments respond to an expanding global economy. I will outline the main government areas of intervention such as fiscal policy, monetary policy, privation and nationalisation, trading blocs, exchange rates. Why have global businesses appeared? Global business appeared because of 5 points. Competition Economics: Rivalry in which every seller tries to get what others sellers are seeking at the same time: sales, profit, and market share by offering the best practicable combination of price, quality, and service. Where the market information flows freely, competition plays a regulatory function in balancing demand and supply. Consumer expectation Customer expectation refers to the total perceived benefits a customer expects from a companys product or service. If the actual experience customers have with a product exceeds the expectation, they are typically satisfied. If the actual performance falls below the expectation, they are typically disappointed. Economies of scale Economies of scale is the cost advantage that arises with increased output of a product. Economies of scale arise because of the inverse relationship between the quantity produced and per-unit fixed cost because of the inverse relationship between the quantity produced and per-unit fixed costs; i.e. the greater the quantity of a good produced, the lower the per-unit fixed cost because their costs are spread out over a larger number of goods. Economies of scale may also reduce variable costs per unit because of operational efficiencies and synergies. Economies of scale can be classified into two main types: internal-arising from extraneous factors such as industry size. Choice of location There are a lot of place of choice to locate the business in this world. You can choose the place by your needs (Low level tax, cheap labour, Warm place, cold place) For example it can be possible to Company A which produce swimwear open the main company in low tax country and build the factory in low wags country (like a china) then sell to tropical country. Mergers Merger its a transaction where two firms agree to integrate their operations on a relatively co-equal basis became they have resources and capabilities that together may have resources and capabilities that together may create a stronger competitive advantage. The combining of two or more companies, generally by offering the stockholders of one company securities in the acquiring company in exchange for the surrender of their stock. Example: Company A + Company B = Company C Global business has appeared in this 5 points (Competition, Consumer expectation, Economies of scale, Choice of location, Mergers). Globalisation appeared also because of company does have a lots of demand and so they cannot produce enough un less hey get support from other country. Also they need more cheap materials source from not only own country. For example, China is the one of the countries labour and cheap material. So a lots of business make factory in there. Globalisation is the process of integration of economies, industries, cultures and policy-making around the world. It describes a process by which national and regional economies or cultures have become integrated through the global network of trade, communication and transportation. In the past globalisation was mainly focused on the economic side of the world, such as trade, foreign investments and capital flows. Now it started to include a broader range of areas and activities such as culture, media, technology, socio-culture, political and even biological factors, e.g. climate change. What type of businesses might have plans to become global? In this question I will talk about company LADA. It is not really famous company in the world but almost everyone knows about this brand in Russian. Lada its a sight of Russia. Lada working on the company called LADA Progress when this company works on Avtograd which is really famous in Russia because they selling: Lada, Opel, Chevrolet, Kia and Lifan. When LADA progress join Avtograd its means what they trying to start working on global business level. Lada start opening new shops and getting more and more customers. They can order you: Selling Lada cars, selling parts for car and accessories, Full certificate workers will do MOT test, Test drive, Trade in. Long time ago Lada was a croup company and was doing really bad machines and was chip, which is kind of okay, because everyone can get it. But now they trying to do much better and make customers take they words back. In my opinion Lada should keep on this line and keep progressing in this stage, getting more customers, getting higher reputation and grow up in it. As I say before about bad reputation. Secondly I would say what they should move to other countries and see how is it going. If it will be all right, it means what they will keep growing up in reputation. When they rich moment whn they will be famous company with good quality of product, while they growing up they should watch on other companies and see how they going, so they can get more experience from them. Also they can get other company workers which can be better than Russians, for example take designer from BMW company so they get better view of the car and may be take engineer from Mercedes so they get better engine in the car and etc. How do global companies affect a) international trade, b) knowledge transfer, c) creating or removing employment, d) increasing consumer choice, e) ethical objectives, f) tax revenues, g) cultural diversity or unity, h) financial markets. International trade Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. Services are also traded: tourism, banking, consulting and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Imports and exports Creating employment- Lets talk about company McDonalds. First time when they come to Russia (USSR) was January 30th of 1990, and in the first day they get 30,000 customers. They open they first restaurant in Moscow, which was also first in hall USSR. It was huge even for McDonalds to come to USSR; they were planning to come for over 20 years. They say they were holding talks with Soviet officials about opening this venture for over 20 years since 1976 Thats was told in news. Every new day they start getting more and more customers. Russian people start liking this taste of American burgers, because it was cheap and god quality. The point is what, McDonalds moved to USSR they spend 50 million dollars to open factory and restaurant, but they get hell of a lot customers from doing it. They definitely overpay they expenses. So, McDonalds made risky move to spend 50 million dollars to open they product in USSR, but it was successful risk. They overpay they expenses and open other culture what means American burgers. Increasing consumer choice- When McDonalds moved to USSR it was shock for USSR people because they never tried it before, and they like it so much. Thats why when they (McDonalds) mover to USSR in opening day was 30,000 people. Ethical objectives- Tax revenues- Lets talk about Starbucks. It was a huge problem to this company, because of tax revenue. They were moving around the word to dont pay to government hell of a lot money for being in company and using they property. Cultural diversity- When McDonalds moved to Russia (USSR) it was huge step for McDonalds, because Russian people start liking Fast Food. Before McDonalds in Russian wasnt that time of fast-food, so people was shocked from it because it is American food so it was taking time to get used to it, but in first day of opening there was 30k people in McDonalds. For McDonalds it was very good move, but the problem what it is Fast Food restaurant but they good huge quit to it so it was kind of fast food because McDonalds was making only hamburgers and cheeps, also selling Coca-Cola. McDonalds making 1 order for like 30 seconds. So it was the real fast-food. Financial market- When McDonalds moved to Russia, they open share list for Russia government so Russian people can work in here, which will get move customers because at that time Russian people dont really speak English so It will be hard for them to communicate which is other but if we look from other side, it was only 1 order, which is burger (hamburger) with cheeps and Coca-Cola, which was really sheep. I believe in America they were selling that order only for 0.15$ so it was really sheep. When in all other fast-food restaurant was cost only of 1 hamburger 0.15$ and if they want to get burger + cheeps + Coca-Cola It will cost around 0.4$. So in Russia I guess will be also very-very cheap to get that order. But after some time McDonalds changed because of the 1 reason. So they start making other restaurants and making other product so opening share list in Russia will be really important. How do governments respond to an expanding global economy? Outline the main government areas of intervention: a) fiscal policy, b) monetary policy, c) privatisation and nationalisation, d) trading blocs, e) exchange rates. Fiscal policy- Fiscal policy is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty. The role and objectives of fiscal policy gained prominence during the recent global economic crisis, when governments stepped in to support financial systems, jump-start growth, and mitigate the impact of the crisis on vulnerable groups. Monetary policy It is the process by which the monetary authority of a country, like the central bank or currency bank, controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Further goals of a monetary policy are usually to contribute to economic growth and stability, to lower unemployment, and to maintain predictable exchange rates with other currencies. Privation and nationalisation- Most of the UKs major strategic heavy industries and public utilities were nationalised between 1946 and the early 1950s, only to be returned to the private sector between 1979 and 1990. (Question) Trading blocs- A regional trading bloc is a group of countries within a geographical region that protect themselves from imports from non-members. Trading blocs are a form of economic integration, and increasingly shape the pattern of world trade. There are several types of trading block. (Question) Exchange rates- A currency crisis is brought on by a decline in the value of a countrys currency. This decline in value negatively affects an economy by creating instabilities in exchange rates, meaning that one unit of the currency no longer buys as much as it used to in another. To simplify the matter, we can say that crises develop as an interaction between investor expectations and what those expectations cause to happen. (Examples, Answer question) For your company, evaluate how it has confronted the various demands of globalisation. When company was open they start working on first generator Model 200A. and when they finished It HP start selling it for $54.40 when all other company was selling this kind of product for more than $200. And the first big company which find about HP was really interesting and bought 8 generators Model 200A and each was sold for $71.50. Thats was the biggest step for that company, because of that they start being famous. In 1966 they produce first in the world (thats what Wired newspaper said) mini-computer HP2116A. In 1968 HP produce first in the world desktop scientific computer HP9100A cathode display, and together with the printer and magnetic card reader device cost $ 4,900. Thats how HP9100A look like Thats how PH2116A looks like After this computer this company start getting hell of a lot profit and customers. Also at that moment they start known all round the world. Bibliography https://www.reference.com/business-finance/definition-customer-expectation-963b46f5f05ac34b http://www.businessdictionary.com/definition/competition.html http://www.investopedia.com/terms/e/economiesofscale.asp http://www.slideshare.net/AbhishekYadav68/mergers-acquisitions-and-joint-ventures http://williamssocial10.weebly.com/economic-globalization.html http://www.investopedia.com/articles/03/112503.asp https://www.researchgate.net/publication/270283041_THE_IMPACT_OF_TRUST_ON_KNOWLEDGE_TRANSFER_IN_INTERNATIONAL_BUSINESS_SYSTEMS https://ec.europa.eu/research/innovation-union/pdf/ikt_expert_report.pdf http://2012books.lardbucket.org/books/challenges-and-opportunities-in-international-business/s07-04-global-business-ethics.html http://economictimes.indiatimes.com/definition/tax-revenue http://www.businessdictionary.com/definition/taxation.html http://www.businessdictionary.com/definition/cultural-diversity.html http://www.investopedia.com/terms/f/financial-market.asp http://www.investopedia.com/ask/answers/040615/what-actions-or-policies-can-government-agency-take-counteract-and-end-stagflation-economy.asp http://economicsonline.co.uk/Business_economics/Nationalisation.html http://www.economicsonline.co.uk/Global_economics/Trading_blocs.html https://en.wikipedia.org/wiki/HP_Enterprise_Business Name:Artem Nikolashin Date: 03 December 2016 Assignment:5 Globalisation KNOWLEDGE UNDERSTANDING ANALYSIS /EVALUATION Why have global businesses appeared? 4 6 6 What type of businesses might have plans to become global? 4 6 6 How do global companies affect a) international trade, b)creating employment, c) increasing consumer choice, d) ethical objectives , e) tax revenues, f) cultural diversity, g)financial markets. 4 8 10 How do governments respond to an expanding global economy? Outline the main government areas of intervention: a)fiscal policy, b ) monetary policy, c) privatisation and nationalisation, d) trading blocs, e) exchange rates. 4 8 8 For your company, evaluate how it has confronted the various demands of globalisation. 4 8 8 TOTAL 20 36 38 % INTRODUCTION 5 CONCLUSION 6 TITLE 1 HEADINGS/SUBHEADINGS 1 QWC 7 FOOTNOTES 3 BIBLIOGRAPHY 3 RESEARCH 5 EFFORT 5 FEELINGS 2 DEADLINE 2 TOTAL 40 % MARKER Name: Date: FINAL GRADE

Inventory System Essay

Background of the Study Technology has taken a big leap forward in 21st century, with computer programs, electronics upgrading by the month & even by the day. Technology has influenced & greatly simplified almost in every aspect of a student’s life today. It is amazing what technology has done to our society and how dependent we have become on it. Nowadays there are so many companies using technical system to improve the quality of service of their company, but there are some companies still using manual computing for their product inventory like the Renz Trading. One of our group mates, her family is engage in a business which trades a Fire Extinguisher. In that case, it’s easy for the group to gather information from the said chosen company, to perform a new system, for its betterment. The group decided to work it out to find a system that will truly help the company. We noticed that some of their clients were not aware how important to know when will the fire extinguisher will expires, it is for their own safety. So we decided to add a system that will notify (via SMS) our clients or users that their purchased fire extinguisher will be expired one year after purchased and must be refilled again. And also to develop a computerized inventory system for Renz Trading which could help the operation of the company. 1. 3. 2 Specific Objectives The following objectives that the researcher would like to achieve. †¢ Reduce Effort. In calculating the income gain by the Renz Trading because the system will provide a report that if the company is earning from its expenses. †¢ Respond to trends faster. Nowadays, technology is much needed in the society that’s why the group aims to help Renz Trading to go with the trends by using computerized system. †¢ Improve Customer Service. In part of the system, fast transaction will be given. †¢ Reduce Cost Risk. The system also aims to have a monetary increase in their business. †¢ Accuracy of Sales Income. So like instant when the system is done, because it will provide a report about the sales income of the Renz Trading. †¢ Inform Client. By the use of SMS Notification which is part of the system. 1. 4 Significance of the study This section will provide brief description on the various significances of the study given the three categories Educational, Technological and Economic. To Company. The proposed system is important to the company because it will benefit them in terms of easy business transaction in their customers, recording their sales and monitoring their product. †¢ To Proponents. This proposed system is the most significance to the proponents in which overcoming the problems and analyzing things with the programs and data’s we’ve acquired. It feeds the proponents the experience and knowledge in which they can apply for the future jobs they indulge with. †¢ To Future Researchers. The future researchers can benefit this study in order to provide them a broad ideas and knowledge to gather information about the sales and inventory with SMS notification. 1. 5 Scope and Limitation 1. 5. 1 Scope of the study The proposed study is about the Sales and Inventory System with SMS Notification of fire extinguisher for Renz Trading. The proposed system has the capability to track, monitor and gives an alert if a specific product reaches the minimum allowance stock amount and it notify a server if the product is going to expired. A search index is also added for the users to easily track their client that need to be informed about the expiration of the purchased product, so that the client will know if they will need to replenish their purchased fire extinguisher or just buy a new one. Login account for different users will be created for database security purpose. The users that can access the system are the Owner and the Accounting clerk. The system can also provide a hard copy of daily, monthly, yearly reports; the data gathered from the users are automatically recorded on the database. 1. 5. 2 Limitation of the Study The system only handles about the sales reporting and inventory with the SMS Notification. The owner will input some needed information that will process inside the system. The Serial No. of the Fire Extinguisher which is stick onto the tank and also the date of done product made. So that, the system can notifies the Renz Trading clients. Delivering of products to customer is not part of the system. The system will print out reports if asked by the owner and of course having human intervention. 1. 6 Definition of Terms Inventory – is primarily about specifying the shape and percentage of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials. Revenue – is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. SMS – Short Message Service (SMS) is a text messaging service component of phone, web, or mobile communication systems, using standardized communications protocols that allow the exchange of short text messages between fixed line and mobile phone devices. Notification – The act or an instance of notifying, or to inform by means of word or a letter. Sales – is the act of selling a product or service in return for money or other compensation, it is an act of completion of a commercial activity. Clients– a person, company, or organization that uses the professional services of another. Admin –is a person employed to maintain and operate a computer system and/or network. System administrators may be members of an Information Technology (IT) or Electronics and Communication Engineering department. System – whole compounded of several parts or members, is a set of interacting or interdependent components forming an integrated whole.

The Effect of Pollution on the Distribution of Organisms...

The Effect of Pollution on the Distribution of Organisms Along the River Roding System Method Equipment Pond net Tray Pots and lids Spoons Hand lens Wellington boots Specimen Pots Freshwater Invertebrate Key Scrap Paper (note pad) Gloves Tape to cover cuts Pencil I investigated how the quality, amount of dissolved oxygen, nitrates, phosphates and the temperature of the water in the River Roding System affected the distribution of organisms in the river. I chose six suitable sites along the river Roding System: Furze Ground, Pyrles Brook, Debdon Brook Downstream, River Roding Upstream, River Roding Middle Stream, and River†¦show more content†¦We waited 1 minute. The colour on the pad was compared with the colour chart to see the nitrate level. The nitrate level was recorded. Then a phosphate test was carried out. Firstly 5ml of the water from the river was placed in a container. There were two reagents. 5 drops of reagent 1 and 1 micro spoon of reagent 2 was added to the water. The lid was replaced and the container was shaken. We waited 2 minutes and took the lid off. The colour of the mixture was compared with the colour chart and the phosphate content was recorded. Then the oxygen test was carried out. The meter was set for air and the probe was placed in the air. His was set as 100%. The probe was then placed in the river and the reading went down or up comparing its oxygen content with the oxygen in the air. Finally the temperature of the water was measured. This was done using a thermometer. At each sight we also noted down descriptions of the site e.g. the surrounding land use, the cleanliness of the water, the depth and width of the river. This was done so that the pollution of the river could be explained. Safety While doing the freshwater fieldwork there were a few safety hazards. There was a chance of infection occurring e.g. Weils Disease. Therefore I had to take precautions: 1) small cuts covered with tape, 2) gloves worn, 3) no eating or drinking in the field, 4) no fooling

William Shakespeare s Hamlet - A Feminist Criticism Lens...

There is a great debate surrounding what instigated Ophelia’s madness in William Shakespeare’s Hamlet. By examining Ophelia through a feminist criticism lens we can better understand the origin of her madness. Ophelia spend her life devoutly obeying her father. When Ophelia attempts to describe the nature of her and Prince Hamlet’s relationship and discloses that â€Å"He hath, my lord, of late made many tenders / Of his affection to me,† (1. 3. 100-101) her father ridicules her feelings and states â€Å"Affection? Pooh! You speak like a green girl, / Unsifted in such perilous circumstances. / Do you believe his tenders, as you call them?† (1. 3. 102-104). After Polonius demands that Ophelia stop seeing Prince Hamlet she concurs— â€Å"I shall obey, my lord† (1. 4. 136). Furthermore, Polonius uses his daughter to spy on Prince Hamlet (1. 3). Ophelia does all that is asked of her, not once taking consideration for her own feelings. She does not have any control over her own life—that is enough to cause anyone to go insane. Prince Hamlet and Ophelia’s relationship is extremely barbaric due to Prince Hamlet’s cruel behavior towards her. Ophelia is forced by her father to give all the letters he wrote her back: â€Å"My honored lord, you know right well what you did, / And with them words of so sweet breath composed / As made the things more rich. Their perfume lost, / Take these again, for to the noble mind / Rich gifts wax poor when givers prove unkind. / There my lord† (3. 1.