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B207 Block 2 links to competing in a global context (The Global Trade…
B207 Block 2 links to competing in a global context
The Global Trade Environment
New competition
New suppliers
Absolute comparative advantage
Relative comparative advantage
Competitive advantage
Operations Management
Offshoring
Re-shoring
Strategies
Implications
Greater flexibility from suppliers
increased complexity
multiple and conflicting performance objectives
pressure to standardise
economies of scale
economies of scope
Mass customisation
Dedicated operations
Foreign facilities and extended supply chains
Supply Chain Management
Costs
Methods of Transport
Exchange Rate Fluctuations
Regulations/Legislation
Tax
Transfer pricing
Transfer Mispricing
Unitary Taxation with profit apportionment
'Arms- Length' principle
Exchange Rates
Hedging
Exposure
Fluctuations
Globalisation
Convergence
A global approach
Divergence
A new approach for each country
Crossvergence
A hybrid of global approach with customisation by location
Innovation
Global knowledge
local needs
Crossvergence
Human Resources and Employee Relations
Stakeholders
Shared Prosperity and International Development
Adoption of Free Market
Marketing
Branding
International
Globalisation vs customisation
Advertising
Language Barriers
Cultural differences
Ethics
Marketing
Branding
Differing Standards of consumer protection
Target Market
Consumerism
Supply chain
Exploitation
Sustainable Sources
Pricing
Transfer pricing / tax