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Block 2: Competing in a Global Context - Coggle Diagram
Block 2: Competing in a Global Context
CONTEXT
Guide effective decision making
Key element to success
Internal & External
External: Outside influences to help acheive goals
Internal: Environment - structure, culture, stakeholders
Analyse - STEEPLE Factors: Social, Technological, Environmental; Economical; Political; Legal; Ethical
Discover & Localise Global context
SUPPLY CHAIN MANAGEMENT
To better optimise supply chain
Coordination
The Bullwhip Effect
Orders & Deliveries
Supplier > Manufacturer > Wholesaler > Retail Store > Consumers
TAX CONSIDERATIONS & EXCHANGE RATES
Taxes: Income; Labour; Property; Financial Transactions; Vehicle etc
VAT System
Corporate Income Tax
Tax Returns & Audits
Exchange Rates
Tax Rules
CONVERGENCE OR DIVERGENCE?
Convergence
Global
Divergence
Parent
Global knowledge
EMPLOYEE RELATIONS & GLOBALISATION
Worldwide talent
Human Resource Management
GLOBAL TRADE ENVIRONMENT
"The Global Village"
Comparative Advantage
Absolute Comparative Advantage
Buy from foreign countries if they can produce it cheaper than we can buy it.
Relative Comparative Advantage
Specialise in the production of goods that we are more efficient in producing
The Diamond Model
The 5 Forces Model
INTERNATIONAL OPERATIONS
Financially rewarding
Better supply chains
Pros & Cons
Offshoring & Re-shoring
Location Decisions
Adapt to international standards & cultures
ECONOMIC FINANCIAL FLOWS IN A GLOBALISED WORLD
2 Key International Financial Institutions
The International Monetary Fund (IMF)
Creates stability of system
macroeconomic & financial sector issues
Help poorer countries
The World Bank
189 member countries
Policymakers
Funds projects to erradicate poverty
ALTERNATIVE PERSPECTIVES TO GLOBAL INNOVATION
Crossvergence: Adoption to Adaption
Human Resource Management
International values & cultures
INTERNATIONAL FINANCIAL REPORTING
(IFRS) International Financial Reporting Standards Foundation
Conventions & standards
Different countries jurisdictions
CITY LEADERSHIP & BUSINESS OPPORTUNITIES
People/Organisations
Build followership
Leadership - reduce unemployment, reduce crime rates. increase life expectancy
Civic; Political; Managerial; Business
INTERNATIONAL MARKETING
Global marketplace
Competing with multinational companies (MNC)
Macro/micro environment factors
BRANDING
Brand Equity - net worth
Identity
Reputation
ETHICS
Consumer perspective
Worker perspective
Reduce/erradicate poverty
Social responsibility - environmentally friendly
