Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Competing in World Markets - Essay Example

Comments (0) Cite this document
COMPETING IN WORLD MARKETS The contemporary society is undergoing globalization due to immense technological advancements. This phenomenon has caused increased free and easy exchange…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.6% of users find it useful
Competing in World Markets
Read Text Preview

Extract of sample "Competing in World Markets"

COMPETING IN WORLD MARKETS The contemporary society is undergoing globalization due to immense technological advancements. This phenomenon has caused increased free and easy exchange of goods and services across the globe due to high connectivity. However, there are myriad of barriers to this international trade that can be categorized as social, cultural, political and economic problems. Social barriers are centered on welfare of a particular community and it varies from one place to the other, for instance some regions witness high rates of poverty, hence low purchasing power and this undermines international trade. There are also economic barriers to international trade for example the famous global financial crisis which has led to high inflation and bailouts (Shah, 2011). Finally political barriers for example formation of trade bodies like world trade organization, (WTO). It is mandated to promote free and fair global trade but it has been criticized for serving the interests of rich countries therefore exploiting the poor ones (Shah, 2011). Political barriers are the most significant since politics involves power and allocation of resources and it dominates social, economic and cultural issues of trade. To curb the barriers, many businesses employ earned value technique to measure their progress. Earn value is a monitoring tool used to find out whether the budget and the planned time frame tallies with the actual work done to establish if the project is on track. There are barriers to smart earned value like cost, performance and quality. Opponents of the technique say that its implementation cost and efforts are enormous yet the derived benefits of implementation are limited (Tammo, 1999). This means that a business may spend a great deal to implement this project management tool but there may be low quality output. Cost barrier is the most difficult one to overcome since a business always need money to expand and operate. If more money is used to implement earned value technique then the business may run at squeezed profits or even at a loss due to high cost of operation.
Shah Anup. (2011). Trade, Economy and related Issues. Retrieved from
www.globalissues .org/issue/1/trade-economy-related issues.
Tammo, T. Wilkens. (1999). Earned Value, Clear and Simple. Retrieved From Read More
Cite this document
  • APA
  • MLA
(“Competing in World Markets Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Competing in World Markets Essay Example | Topics and Well Written Essays - 250 words. Retrieved from
(Competing in World Markets Essay Example | Topics and Well Written Essays - 250 Words)
Competing in World Markets Essay Example | Topics and Well Written Essays - 250 Words.
“Competing in World Markets Essay Example | Topics and Well Written Essays - 250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Competing in World Markets

Competing in Mature Product Markets

...?“Satisfying all stakeholders when the business is competing in mature product markets is difficult.” Discuss. The business dynamics at play in a mature product market is quite different from that of newly introduced products. Companies dealing with mature products will have to employ different manufacturing and marketing tactics than those adopted for trendy products in order to succeed. One of the concerns facing the management is satisfying all involved stakeholders, including shareholders, customers, vendors, and to a lesser extend the society-at-large. Satisfying this diverse group is arduous at the best of times, but it gets close to impossible during an economic downturn or an industry-wide recession. Another handicap facing mature...
6 Pages (1500 words) Assignment

International Business and World Markets

...EC5002 International Business and World Markets: Essay Introduction Internationalization of business cannot be regarded as embodying a “one fits all” approach. Firms go international to expand sales, acquire resources, and minimize risks. The drivers and recent economic trends include increased demand for specialized goods, globalization of markets, and globalization of technology, rapid technological advancement, international transportation systems, openness of economic policies among a significant number of countries, and enhanced supply of necessary resources for internationalization. In their pursuit of international expansion, companies must overcome barriers such as language differences, currency differences, cultural differences...
8 Pages (2000 words) Essay

Competing Value Framework

...Competing Value Framework Introduction In current era where organizations are competing to strive for global economy, business needs to redefine their strategic vision and themselves. In this regard there are various ingenuities that are found to be unsuccessful in the organization due to aggregation of organization’s cultural values factors. It is also found that, when Competing Value Framework (CVF) is used with organization’s strategic planning, the chances of success increases for business. Similarly other tools like Managerial Behavioral Instrument and Organizational Culture Assessment Instrument gives a concrete path to analyze the organization’s position, and defines where it should have to be, and assists in rearranging...
5 Pages (1250 words) Research Paper

The Competing Value Framework

... Competing Values Framework Introduction The Competing Value Framework (CVF) is one of the most widely used and important models in the areas of organizational culture. The model is prepared after testing and matching the compatibility of the framework with that of the marketing activities and is convenient for practical uses. It is important in determining the effectiveness of the organization and also is regarded as one of the important subjects in the organizational development which helps in improving the environment of the organization. It is regarded important for increasing the performance of the employees of the organization. The feasibility of the framework has been tested by various leading organizations and also by various...
5 Pages (1250 words) Essay

Competing SBU

...? Competing SBU Competing SBU The Hewlett-Packard Company is popular as HP and is one of America’s information technologymultinational corporations with its headquarters in Palo Alto, California. It focuses on the provision of hardware, software as well as services to its consumers within the scope of small- and medium-sized and large enterprises such as government customers in the health and education sectors. The company was developed a one-car garage in Palo Alto by Dave Packard and William Hewlett. For such a reason, HP has become a world’s leading Personal Computer manufacturer since 2007 fending off stiff challenge of Chinese manufacturer Lenovo (Reading, 2004). This paper will focus on three of its business units namely Enterprise...
3 Pages (750 words) Essay

Globalization of World Financial Markets

...Globalization of world financial markets Introduction There were many discussions regarding the benefits and detrimental consequences οf financial liberalizations, however the issue is still subject to continuous debates and no ultimate solution have been reached at. The main issue οf the debate is that there are significant positive effects οf international capital surges into developing economies, but negative consequences can quickly overshadow these benefits if short-term inflows are allowed to reach unsustainable levels. The potential costs, and possible solutions to such problems, must be weighed against the benefits in order to determine whether short-term capital should be allowed to flow, without restriction, over international...
9 Pages (2250 words) Essay

Competing Through Marketing

...Competing Through Marketing Introduction Market segmentation is actually the division of markets into many various different groups s whohave distinctly similar needs and product (or even services) requirements; it can also be a division of a mass market into different identifiable and distinct segments that have similar common characteristics and also display same responses to the marketing actions (Baines, Fill and Page 2009, p217). Market segmentation first got to be defined as a growth condition that occurs after the markets have been already developed normally under a generalized basis to a point where additional promotions expenditures are already yielding diminishing returns; an agreement that has been spread all over states...
12 Pages (3000 words) Assignment

Managing Competing Agendas

...ObamaCare/Affordable Care Act ObamaCare /Affordable Care Act The Patient Protection Act was crafted to provide service to all the people of America. In order to ensure that ObamaCare works effectively and efficiently to serve the citizens of America, there are various departments that aim to facilitate its efficiency (Venkatesh, Hoehle, &Aljafari, 2014). The Department of Human Service and Health is the agency that seeks to protect the health of all the citizens, and to offer necessary human services, particularly for those who are unable to help themselves. At the departmental level, there is the office of the principal information officer who drives this objective by managing the development and execution of an initiative -level...
4 Pages (1000 words) Assignment

Impact of Globalization of World Financial Markets

...Running Head: Does globalization Of world financial markets Does globalization of world financial markets make international diversification of portfolios more or less desirable? [Name of the writer] [Name of the institution] Does globalization of world financial markets make international diversification of portfolios more or less desirable? Introduction There were many discussions regarding the benefits and detrimental consequences οf financial liberalizations, however the issue is still subject to continuous debates and no ultimate solution have been reached at. The main issue οf the debate is that there are significant positive effects οf international capital surges into developing economies, but negative consequences can quickly...
8 Pages (2000 words) Essay

Major Factors of World Trade Globalisation

The process of migration and technology transfer use the term globalisation to refer to national economies’ integration into a global economy. When economists use this term, then by this word he wants to imply a removal of national barriers for facilitating the flows of goods and services, labour and capital from one country to another. (Bhagwati, 2004; Steger, 2003)
The process of globalisation is actually made up of two phases. In the first phase, most of the countries are integrated economically. The principal action that is conducted during this first phase is to make negotiations of world trade by reducing protectionism. In this phase, all products get access to a wide global market. The second phase of the globali...
7 Pages (1750 words) Coursework

Obstacles Facing the Developing World in becoming Developed

The obstacles facing the developing countries in becoming developed is mostly of their own making. However, this does not give the developed nations the right to subjugate the rights and interests of the underdeveloped world. A balancing act is very important within the related scheme of things so that an equality basis can be found within the midst of the world order. It is a fact that the developed countries have abundance within their resources for the sake of their own people. These developed regimes can easily give their people all that they need as well as a living which is free of the most basic of issues. However, what seems to be missing from the relevant quarters is an urge to set things right within the developing natio...
9 Pages (2250 words) Coursework

Contemporary Issues in World of Politics Climate Change Policy

It is more than a particular problem of any specific community. In fact, climate change has a wider global nature compared to other environmental issues and it affects the people of every nation and boundary. Therefore, the issue of climate change has a far wider reach than the other environmental issues and it is an issue concerned with almost all the international communities. It is identifiable that national boundaries may attempt to prevent the movement of people and goods across the boundaries of the nation. However, when it comes to pertinent environmental issues such as climate change, these issues do not stop at borders, making them – some would argue – quintessentially global phenomena. “Climate change i...
6 Pages (1500 words) Case Study

The Origins of the Second World War

The accord at present is that it was Hitler's resolve to change the basis of European society that took the war to Europe in 1939. It was not essentially the war he was planning for; the facts propose that Hitler was intending to set up Germany for a huge conflict with Russia in the early 1940s. However, indisputably it was a war forced by his persistent pursuit of strategies that stood on race and on space (Henig, 1997).

The Second World War was originated due to the Fascist attack and the failure of democratic powers to prevent this assault. There seem to be a number of reasons for the Second World War to occur. German rearmament started after Hitler left 1932-34 Geneva Disarmament Conference, declaring that as the po...
7 Pages (1750 words) Article

Christian Dior: The Man Who Made The World Look New

However, Christian was interested only in the arts and mostly in fashion (YourNewFragrance, 2004). Even as a child he was interested in the life of the artisan community (Hirst, n.d.). Unknown to his parents, he would visit galleries and bars that were frequented by painters and writers such as Picasso and Cocteau. His parents did not allow him to pursue studies at the Academy of Fine Arts and he was forced to enroll at the Faculty of Political Science. He, nevertheless, secretly continued to visit the galleries. After four years at the Faculty of Political Science, it became clear that he would never obtain a degree from there and his mother too lost hopes of seeing him as a diplomat. In the meantime, Dior developed a wide circle...
6 Pages (1500 words) Essay

International Business: World Economic Forum and Davos 2010

...Introduction Globalization, one of the most hotly debated issues means global capitalism to some while others consider it to be the continuation of modernism with the forces of wealth, progress, democracy and happiness at play (Kellner, 2002). Globalization is considered to be beneficial which promotes economic prosperity, cultural diversity and technological advancement. According to the critical social theory, technology and capital work together to create a new globalized and interconnected world. While each force of globalization is important, technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking...
7 Pages (1750 words) Coursework

Globalization and World Economic Forum at Davos 2010

... market is offset by an upswing in another market. Risk is less inherent in a portfolio of activities across the world rather than in a single or a few local markets. But the effective harnessing of the benefits of globalization would depend on the scale of the companies placing small local companies are at a distinct disadvantage compared with global companies (Mundim et al, 2000). In competing with global companies in attracting resources such as skills, the local companies lose out. They become easy targets for takeover by global companies with deep pockets. The globalization also undermines regional, cultural and linguistic diversity among markets (Lawrence & Weber, 2008). There is a prevalent premise among the economists...
7 Pages (1750 words) Coursework

Comparing the Brave New World and Todays World

... A Brave New World 26 February Introduction Man has always wondered since time immemorial about his ultimate place in the big universe. He had attempted to find meaning in this scheme of things without much success. A key repeated theme is seeming failure to find that true meaning that will justify his existence. What usually happens is that the more Man goes deeper into the search for ultimate meaning, the more he finds nothing. This is confounding, to say the least, and goes to show how useless the search could be. Many people had been doing this search several times and came up with nothing. Out of this seeming hopelessness and uselessness came the philosophical idea of the absurd – that Mans search for individual meaning is bound...
8 Pages (2000 words) Term Paper

Introductory Economics and Finance: Why Governments Regulate Firms and Markets

By government regulation, it is meant by the rules administered by a government or government agency to influence any economic activity which determines the price, types, and standards of products, and most importantly the conditions under which the entry and exit of the firms are possible.

Like death, it is impossible to keep away from regulation in about every aspect of daily life. The business regulation may be classified into two- economic and social (Litan). The economic regulation deals with price controls and the entry limits of the firms into markets. The second type regulation mostly deals with externalities (the outside influences of the company or firm which may or may not be decided by them)

6 Pages (1500 words) Assignment

The Future of America and Democracy in a Globalized World

Rapid changes in technology, the “shrinking” of the world due to increases in travel speed, the development of “global” culture, the spread of consumerism and democracy, the appearance of new wealth and educational disparities, and the onset of truly global threats to human populations like terrorism, pollution, and global warming have all contributed to the emergence of “one world.”  For the United States, this has so too posed many problems and challenges. In his book The Extreme Future, author James Canton claims that the near and distant future for America is fraught with both difficulty and adversity. The ability to meet the changes and challenges of the future will depend on how Ameri...
9 Pages (2250 words) Literature review

Potential World Markets

...Clarke Gittens 13 December Export Market Selection Singapore, a relatively small independent republic lying off the Southerntip of the Malay Peninsula, is a major exporting centre for much of South East Asia’s agricultural and industrial products. (Universal dictionary), rice being one of the major agricultural commodities. The basic assumption of this study is that rice would be high on the list of priorities for Singaporean firms engaged in or entering the export trade, because it is in demand as part of the staple diet of many countries. This study posits that a small (imaginary) firm based in Singapore, wishing to trade in rice, is considering potential world markets. They are considering five possibilities: Brazil, Ghana, Saudi...
8 Pages (2000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Competing in World Markets for FREE!

Contact Us