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

Globalization of operations management - Essay Example

Cite this document
Summary
Professor: Module: Globalization of Operations Management For the last 3 decades the world has increasingly become a global market with more countries lifting their trade barriers. In this case firms expanded their operations to foreign markets in order to gain a wider market and competitive advantage…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Globalization of operations management
Read Text Preview

Extract of sample "Globalization of operations management"

Module: Globalization of Operations Management For the last 3 decades the world has increasingly becomea global market with more countries lifting their trade barriers. In this case firms expanded their operations to foreign markets in order to gain a wider market and competitive advantage. This expansion in operations complicates a firm’s management practices leading to many strategic changes. This paper will look into globalization of operations management highlighting aspects in manufacturing and service sectors.

Manufacturing companies have for decades taken advantage of globalization by shifting to regions with many comparative advantages e.g. raw materials, skilled and low-cost labor force among others (Mahadevan 121). Economies of scale also arise after a company expands it production capacity due to lower cost of operation. The service sector on the other hand has capitalized on the skilled labor force available overseas at low cost e.g. outsourcing firms relocating to India (Mahadevan 138). This expansion or shifting centers of operation also affect operations management adversely.

There is the need for the firm to operate within the laws and standards of the new markets which are not necessarily similar to those of original market. Client’s special needs and preferences should also be considered in production which can increase on costs. Global market place is also quite competitive raising the need to have sound operational management strategies. CONCLUSION Globalization has taken many organizations to greater heights in the competitive global market. This scenario has enabled them to gain competitive advantage and increase on production which results to higher margins.

A firm going global should therefore appreciate that it will have to initiate changes in its operations to suit the new market dynamics. Works cited Mahadevan, B. Operations Management: Theory and Practice. Pearson Education India, 2010.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Globalization of operations management Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/other/1406456-globalization-of-operations-management
(Globalization of Operations Management Essay Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/other/1406456-globalization-of-operations-management.
“Globalization of Operations Management Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/other/1406456-globalization-of-operations-management.
  • Cited: 6 times

CHECK THESE SAMPLES OF Globalization of operations management

BUSMOD 1 - SLP Globalization and Global Strategic Planning

The Coca Cola gives increased emphasis on human resources management because effective employee participation is essential for the company to ensure global integration of its business operations (The Coca-Cola Company).... Globalization and International operations of Coke Cola Globalization refers to the process through which national economies and cultures are integrated into an international economy so as to enhance international trade, direct foreign investment, migration, and technology sharing....
4 Pages (1000 words) Essay

Globalization and Business IT

With the incorporation of IT, FedEx has been able to leverage superior globalised service by entailing technologically upgraded features in its global operations such as wireless technology and shipping along with tracking system (Network World Fusion, 2002; Cisco Systems, 1999; Butcher & et.... The aim of this proposal has been to follow a proper research methodology which includes all the basic techniques of research and analysis for obtaining certain conclusion regarding the future plans, present operations, competitors and market standing of the company....
12 Pages (3000 words) Research Paper

Impacts of Globalisation on National Human Resource System

The expansion of operations for a business into the global sphere presents a number of issues that have to be adequately addressed by a business for it to succeed.... HRM is a discipline that deals with the recruitment, management, training and promotion functions of people in an organisation.... Multinational organizations continue to handle challenging situations on their human resource management approaches as it varies significantly from the domestic market (Friedman, 2007)....
10 Pages (2500 words) Essay

Effect of Globalization on Indian Industry

Hence a The sector-specific assessment on the impact of the globalization is as given below globalization of the petroleum Industry had begun much before the comprehensive liberalization policies had been implemented by the government of India.... Also, indirect benefits were obtained as a result of considerable improvements in the technology and management that the domestic companies had to attain to face the competition from their foreign counterparts having highly efficient production systems....
5 Pages (1250 words) Essay

Current Management Challenges for Google Company

One strongly believes that since Google rose significantly to remarkable success due to technological innovation, this current management challenge would pose the greatest impact on sustaining and supporting leadership in Google's future operation.... The greatest challenge for… Other facets that were mentioned such as globalization, cultural diversity, continued innovation in technology and corporate social Which of the current management challenges: globalization, managing a diverse workforce, technological innovation and ethics are likely to have the greatest impact on Google's future operation?...
1 Pages (250 words) Assignment

Operations Management in Action - Zorro Organization

operations management has the sole role responsibility of ensuring that an organization's business operations are both efficient and effective.... Having looked at how the operations management system of Zorro Organization works, let us now look at some of the problems, issues and challenges it encounters.... One of the major problems is globalization; there are so many regions in the world and in each region, there is a difference in operations management....
4 Pages (1000 words) Essay

Ryanair's Globalisation Process

The more open markets are the greater the chances firms have to expand their operations and increase their profitability.... The firm incurred the cost of purchasing two more planes to satisfy the increasing operations.... Increased competition in the market place is also forcing big firms to change their operations to maintain their market standing (Rajagopal 2013, p.... In the case of Ryanair, it acquired 85% of the London European airways to enable it to expand operations to other parts of London....
8 Pages (2000 words) Case Study

The Dual Effects of Globalization on Operations and Supply Chain Management

The essay aims to understand whether globalization hinders the operations management of supply chain networks.... This essay focuses on the impact of globalization on operations and supply chain management and considers such as not only an important issue but one whose consequences are of proportions.... Applied Biosystems serves as a case in point so that the effects of globalization on a company's global supply chain management (SCM) are clearly presented to readers and future researchers....
10 Pages (2500 words) Term Paper
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.
Contact Us