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

Leading from a orbiculate Perspective Module 1 strain in a Globalizing military man Assignment 1. 1 Dialogue 1- The Impact of Globalization on subatomic and Large Corporations Cheryl Tomlin Nov 07, 2012 The Impact of IT and the Internet Improves shipping and handling procedures and tracking support quality control eliminates contamination helps companies to follow rules and regulations. Impact of Global Business Regulations In the globose market place, there are four customary points- safety, benefit, legality, and economic viability. The process might be different between countries, only the goals are the same.Important steps set out been made towards global regulatory harmonization as the solid nourishment industry is driving the harmonization of ingredient regulations. (www. foodnavigator. com) global Access to Foods Accessibility to food in a global cable environment is affected by global market volatility deliver chain where the food is being sourced how countries are getting food consumer pick out nutrition and health. The Availability of Scientific Research and Talent Advances in the scientific understanding and engineering techniques have increased agricultural production and have allowed for the commercial-scale production of processed foods.The variety of food available is no eight-day 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 susceptible to currency exchange rates. (www. winkinvest. com) hereafter Trends in Globalization Schema Consumers are becoming more frank and demanding in their food choices. According to the Puratos Group, there are 10 future-proof consumer trends for the food industry.Themes include overall quality perception openness and transparency lo cal self-expression city brands history and tradition portability what is healthy based on size, volume, general anatomy and portion authentic small market look and feeling convenience. (Moerdyck) In comparing Kraft Foods to Hansens, the former has a far greater global reach. In order to minimize marketing expense Kraft has decentralised much of its decision making to local management teams enabling them to halt decisions quickly- critical to maintaining an edge in a very competitive industry.On the other(a) hand, Hansens operates primarily in North America, with less diversification as Kraft Foods. Kraft has both beverage and food products while Hansens only markets beverages therefore being unable to develop the same direct 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/ statute law/IFT.