It discusses how information technology can be leveraged for a franchise company. It names several technologies that are becoming more and more economical for franchisees. The benefits of a sound information technology strategy in franchising are unquestionable. The right franchise software systems and business applications have increased productivity, reduced
Student Answers avasbruce Student There are benefits and disadvantages to globalization. Firstly, globalization is good for certain countries more, such as those in the First World or Global North. Local cultures and traditions change.
People no longer wear national costumes because they all want to look like Hollywood stars and wear jeans, for example. People want to become "American" and consume everything American. Also because of globalization, more and more people are learning and speaking English to the detriment of local languages.
There are more international schools and the focus now is on the acquisition of this global language rather than their own L1 or mother tongue. Resources of different countries are used for producing goods and services they are able to do most efficiently.
Consumers to get much wider variety of products to choose from. Consumers get the product they want at more competitive prices. Companies are able to procure input goods and services required at most competitive prices.
Companies get get access to much wider markets It promotes understanding and goodwill among different countries. Businesses and investors get much wider opportunities for investment.
Adverse impact of fluctuations in agricultural productions in one area can be reduced by pooling of production of different areas.
Challenge: Navigating visa requirements, employment laws, and the cost of accommodating workplace requirements can be difficult. Despite the clear benefits, hiring talent from overseas can present an HR challenge. Not least among this is the complicated process of navigating employment laws and visa requirements for international workers. Requirements and regulations are different in each . Wind energy offers many advantages, which explains why it's one of the fastest-growing energy sources in the world. Research efforts are aimed at addressing the challenges to greater use of wind energy. Read on to learn more about the benefits of wind power and some of . The Advantages and Challenges of Outsourcing Game Development Posted by Jonathan Lynch in Software Technology If you've played a modern AAA video game recently, odds are it wasn't the product of a single team in a single studio.
Developed countries can stifle development of undeveloped and under-developed countries. Economic depression in one country can trigger adverse reaction across the globe.
However prior to outsourcing any component of your business to a third-party vendor, it is essential to understand the advantages and disadvantages of outsourcing. Although outsourcing presents a variety of benefits to your organization, it could also pose difficulties if not outsourced to the right service provider. Let’s analyze the main advantages of virtual teams, challenges they face and how to beat the difficulties. Challenges of Virtual Work Teams: Although the advantages and benefits of distributed teams are many, virtual teams face some challenges that slow down back the work process. Advantages of an in-house team working on any IT initiative to the company and the franchise system; Difficulties in attributing costs to the in-house development of an IT solution; Key contributors to the successful implementation of all IT solutions.
It can increase spread of communicable diseases. Companies face much greater competition.
This can put smaller companies, at a disadvantage as they do not have resources to compete at global scale. For more info about the pros and cons of globalization, check out this video: Increases the gap between the poor and rich — income inequality.
Cultural convergence — more people are moving toward western fashion 3. Demand more of skilled workers and causing redundancy of skilled workers rksudhir Student Advantages of Globalisation Globalisation helps in bring the whole world together as one village.
Every consumer has more access to the products of foreign countries. Efficient use of natural resources.
Employment generation and income generation Disadvantages Globalisation can have negative effects on local industry. Globalisation expands monopolies by countries equipped with know-how and power.
I have benefited a lot from your views. If you are to consider the lump-some cost, then, yes, it is high, but the same cost goes even higher if the company has to market a product differently in every country that it is selling.
Scope of this kind of marketing is so large that it becomes a unique experience. Global marketing allows you to have a consistent image in every region that you choose to market. Quick and Efficient Use of Ideas: A global entity is able to use a marketing idea and mold it into a strategy to implement on a global scale.
Uniformity in Marketing Practices: A global entity can keep some degree of uniformity in marketing throughout the world. American consumer will be different from the South African.
Global marketing should be able to address that. Consumer in one country may react differently than a consumer in another country. Country Specific Brand and Product: A Japanese might like a product to have a traditional touch, whereas an American might like to add a retro modern look to it.
In this case, a global strategy is difficult to devise.
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The Laws of the Land Have to be Considered:Examine the advantages and challenges of developing a strategy for competitive advantage based on resources and capabilities. Illustrate your answer with appropriate examples.
In lights of changing technical advancements, cut-throat competitions and unstable global economic conditions, managers need to consider strategies to sustain competitive advantage more frequently then ever.
Administrative Challenges. Organizational development adds responsibility to the employees and managers to maintain open communication and constantly reevaluate the needs of the organization. Focus of this study is to identify the advantages, challenges and usability of BIM for cost consultants, and its likely impact during cost estimating.
Research was carried out through. While developing on tribal lands can be a complex process, developers are taking on the challenges in order to take advantage of other perks associated with building on tribal lands like various.
Get an answer for 'List the advantages and disadvantages of globalization. List answers, not lengthy paragraphs, please.' and find homework help for other Social Sciences questions at eNotes. Advantages and Challenges of Developing a Strategy for Competitive Advantage Based on Resources and Capabilities Words Aug 30th, 5 Pages Examine the advantages and challenges of developing a strategy for competitive advantage based on resources and capabilities.