Assignment 1.1-the Impact of Globalization on Small and Large Corporations

Leading from a Global Perspective Module 1 Business in a Globalizing World Assignment 1. 1 colloquy 1- The Impact of Globalization on Small and Large Corporations Cheryl Tomlin Nov 07, 2012 The Impact of IT and the get ahead Improves shipping and handling procedures and tracking aids look control eliminates befoulment helps companies to follow rules and regulations. Impact of Global Business Regulations In the global merchandise place, there are four universal points- safety, benefit, legality, and economic viability. The process expertness be different between countries, but the goals are the same.Important steps endure been made towards global regulatory harmonization as the sustenance labor is driving the harmonization of ingredient regulations. (www. foodnavigator. com) Worldwide Access to Foods Accessibility to food in a global business environment is affected by global market volatility supply chain where the food is existence sourced how countries are getting food co nsumer demand nutrition and health. The Availability of scientific Research and Talent Advances in the scientific understanding and engineering techniques start increased agricultural production and suck allowed for the commercial-scale production of processed foods.The renewal of food available is no longer limited to local products as perishable foods can now be transported farther away and have increased shelf-life. For example, McDonalds Corporation engineered food not to spoil as fast. Overseas Competition Some competitors may have different profit objectives and some international competitors may be more or less(prenominal) susceptible to currency exchange rates. (www. winkinvest. com) Future Trends in Globalization outline Consumers are becoming more outspoken and demanding in their food choices. check to the Puratos Group, there are 10 future-proof consumer trends for the food industry.Themes include overall quality perception openness and transparency local self-expre ssion city brands history and customs duty portability what is healthy based on size, volume, shape and portion authentic down(p) market look and feeling convenience. (Moerdyck) In comparing kraft Foods to Hansens, the condition has a far greater global reach. In order to understate marketing expense Kraft has decentralized much of its decision do to local management teams enabling them to make decisions quickly- critical to maintaining an edge in a very competitive industry.On the other hand, Hansens operates primarily in North America, with less diversification as Kraft Foods. Kraft has some(prenominal) beverage and food products while Hansens only markets beverages therefore universe unable to develop the same level of presence as Kraft Foods in the global market.References Moerdyck, Anke. Oct 24, 2012, http//blog. insites. eu. http//www. winkinvest. com/stock/Kraft_Foods. Feb 27, 2009. Fletcher, Anthony. Jul 06, 2006. www. foodnavigator. com/legislation/IFT.