Flashcards
Globalisation
Flashcards do conjunto (11)
- 1Globalisation -The process by which an increasingly free flow of ideas, people, goods, services and capital leads to the integration of economies and societies.
- 2Benefits to new country of globalisation...1) Benefits their economy-grows much faster than those who try to protect themselves
2) Countries with better economies can improve living standards and reduce poverty - 3Benefits to new country of globalisation...3) Improved access to healthcare and clean water - increased life expectancy.
4) Positive environmental impacts by encouraging use of newer, more efficient, less polluting technoogies. - 4Drawbacks to new country of globalisation...1)Economic costs - in the short term there's large dislocation costs.
2) Some countries cant take advantage of globalisation and thier standards of living are dropping futher. - 5Drawbacks to new country of globalisation...3) Increased travel and trade have increased spread of disease.
4) Environment has been harmed as farming, forest, mining, fishing etc are exploited. - 6Advantages of globalisation to the business...1) Increased turnover leads to increased profit
2) They can negotiate better prices on what they purchase. - 7Advantages of globalisation to the business...3) Can benefit from managerial and marketing economies of scale.
4) More negotiating power with governments. - 8Disadvantages of globalisation to the business...1) Greater competition leads to a decrease in the profit margin.
2) Laws/ regulations from new countries can get in the way. - 9Disadvantages of globalisation to the business...3) May have to borrow large amounts of money effecting liquidity and risk.
4) If it becomes too large to manage - diseconomies of scale. - 10Ansoff MatrixA useful planning tool to develop marketing or business strategy , including:
1) Market penetration
2)Product development
3) Market development
4) Diversification - 11Also relate globalisation to...SWOT analysis
Porters 5 forces
Boston matrix
Ansoff Matrix
Informações
- Descrição
- FlashCards sobre Globalisation, criado por hollie.a.coles em 18-12-2013.
- Criado por
- hollie.a.coles
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