Globalization of markets versus globalization of production

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Reference no: EM132942577

DQ # 1

1) What additional skills you need to do those jobs with international customers, suppliers, & Co-workers?

DQ # 2

2-a) What is globalization?

2-b) What's the difference between globalization of markets versus globalization of production? Please support your answers with some examples from real life

DQ # 3

3-a) Why do labor costs made up such a small percentage of the cost to produce an iPhone?

3-b) Where are the iPhone's components produced and purchased? Why?

ANS Tips: https://financesonline.com/how-iphone-is-made/

DQ # 4: Based on Boeing's Global Production System Case study

Summary

The feature explores U.S. aircraft manufacturer Boeing's approach to the production of its Dreamliner 787 airplane. Boeing's strategy was unlike any of its previous strategies. Instead of producing much of the aircraft itself, Boeing, noting that 80 percent of its customers were foreign airlines, decided to outsource some 65 percent of the value of the Dreamliner to suppliers located around the world. This strategy introduced a number of challenges for Boeing, and production of the 787 was delayed by four years.

4-a) What are the potential costs and risks to Boeing outsourcing?

4-b) In addition to foreign subcontractors and Boeing, who else benefits from Boeing's decision to outsource component part manufacturing assembly to other nations? Who are the potential losers? Overall, is it a good decision for Boeing to outsource?

Reference no: EM132942577

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