In the above rationale, the OECD are predicting that there will be shifts in economic power, development and growth from what they term the fast-ageing economic heavyweights, such as Japan and the euro area”, plus the USA (the triad), towards the more “emerging-market…
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Economies that have been quite strong up to now show signs of decline. These are mainly the Western countries. On the other hand, BRIC countries have strengthened their position and seem to have potentials for a long term growth. OECD has incorporated a plan for promoting the development of economies worldwide by 2060. Emerging economies are expected to show a rapid rate of growth while Western economies are more likely to have a slow growth, as highlighted in the report of OECD.
Under these terms, OECD support that MNEs are expected to change their global strategies so that they are able to respond to the global dynamics, which are based on the swifts of economic power from the countries of the TRIAD towards the BRIC countries.
The above issue is explored in this paper. Emphasis is given on the influence of the changes related to global dynamics on the total global strategies of multinational enterprises (MNEs), not only for the present but also, mainly, for the future. Academic theories and models that have been developed in this field are presented and analyzed aiming to explain whether MNEs are vulnerable towards the changes occurred in global dynamics internationally. In addition, the various aspects of MNEs are presented, in order to understand the responses of MNEs to global market trends and challenges.
The operation of businesses in the global market is closely related to the principles of globalization. In fact, globalization is the framework that sets the rules and the conditions under which firms are able to develop their activities worldwide (Parker 2005). In this context, the understanding of the role and the powers of MNEs requires the understanding of the characteristics of globalization (Parker 2005).
In practice, globalization seems to have four key characteristics: ‘a) promotion of global interconnections, b) rapid change, c) different characteristics of participants, both in terms of their number and their
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The company is also not able to meet the sudden surge of demands of its customers. In the purchasing department, there is increasing incidents of late and incorrect delivery of required products that has increased its backlog of previous orders. The change of suppliers has also failed as they are also faced with problems of supply at short notice.
This organisation is a Hospital which relies heavily on the dedication of its staff to deliver high quality patient care. Whilst, like the organisation above, it also has a need to have consistency in its working methods, it sees the role of quality management as the utilisation of its workforce to continuously improve the service.
While supply chain management concepts are applied in both service and manufacturing industry, its complexity varies greatly from industry to industry (Ganeshan & Harrison 1995). This report describes the role of Supply Chain Management (SCM) in the success of a business and analyzes the SCM system followed by Dell, Inc.
The supply chain also exists for the customer, as the customer is the one that adds the value to this process. Proper control and management of the supply chain, particularly for organisations operating in the service industry is important as it is responsible for the improved customer experience, reduced inventories, lower operating costs and improved use of fixed assets (Braithwaite 2002).
The first part is an overview of the two industries - high street fashion and airlines - in general, their key challenges, and the traditional theories and practice of operations management in their supply chains. The second part looks at recent development trends in supply chain technologies and business process re-engineering, whilst the third part provides examples of their effects.
Whenever we talk about a strong supply chain, the name of the PC Giant "Dell" comes to our mind. Dell has, over the period of time; build a very strong and efficient supply chain management system by improving on it continuously. Although Dell has a well-managed supply chain, but when we talk about so much of the positive aspects of the system, it does not definitely means that the negatives don't exist.
Services offered by the company include road fleet, air freighting, storage (warehousing) and rail transportation. The company belongs to a thriving industry of Supply chain and functions according to identifiable models of supply chain management (SCM).
For instance, the varied foods that are processed by the company need inputs of energy, water and other natural capitals to process and produce. The products and food that are bought also should be transported and packaged at their various centres of distribution
3 Pages(750 words)Case Study
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