Created an intensively competitive marketplace

Assignment Help Operation Management
Reference no: EM131680841

Globalization has created an intensively competitive marketplace. Companies that used to compete only with domestic organizations now find themselves competing for market share against firms located around the world. Each company is constantly attempting to identify and maintain a unique competitive advantage that distinguishes it from competing firms to increase profitability in its given industry. The laws pertaining to employee health and safety vary from country to country. As a result, a lack of regulation pertaining to employee health and safety resulting in lower labor costs may provide some international firms with a competitive advantage over others that operate in the same global industry. Imagine that you owned a U.S. based firm that operates under these conditions. What steps might you take to overcome the non-uniformity of international legal requirements and achieve a competitive advantage in the global economy? Please discuss.

Reference no: EM131680841

Questions Cloud

Discuss the pros and cons of becoming part of urban system : You are the administrator of a small nonprofit rural hospital. Discuss the pros and cons of becoming part of this urban system.
Fraudulent misreprenstation involving online impersonation : Under what circumstances might a person be able to collect damages for fraudulent misreprenstation involving online impersonation?
Describe the changing status of HRM : Describe the changing status of HRM. What factors have led to these changes?
Discuss the innovation strategies : Discuss the innovation strategies you feel would provide sustainable change and organizational success. Provide specific examples.
Created an intensively competitive marketplace : Globalization has created an intensively competitive marketplace.
Some basic quality tools to improve customer service : This below illustrates how a bank applied some basic quality tools to improve customer service.
Make a profit through triangular arbitrage : If it were possible to make a profit through triangular arbitrage what would be the implications for the financial marketplace and the role of arbitrage.
Describe four common deliverables for an analytics project. : Describe four common deliverables for an analytics project.?
Different than analyzing the external environment : How is gaining an understanding of the external environment (Exhibits 1a-1c) different than analyzing the external environment

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd