International Business

The age of globalization enables businesses to move their trading operations offshore with the negligible of fuss . For example , businesses in the West are lamentable en masse to china to take advantage of the first base speak to of overlapion there . chinaware has the largest reserve of men in the world . As a topic , the court of manpower in China is one of the lowest in the world . This enables businesses from the west to donjon cost down If it had not been for the process of globalization and China joining the World affair Organization as a result of that process thusly the massive economic opportunities a rising slope out of China s meteoric jump out to economic excellence would never take for emerged (Naughton 2005 ,. 56 Because proceeds and salaries are very high in the West , the get on with economies of the West are stagnating and not generating enough demand preferably than generating demand for traditional goods and services , these advanced economies are creating late patterns of demand that require companies to constantly innovate on their product lines (Hill 2005 ,br 121 . The innovation is mostly in the form of differentiation , cost minimization and quick response . Companies that buttocks differentiate their products , that can prices their products less or that can deliver customer wants speedy are the ones which can survive . That is why competitive contest in the West is intense . It is not easy for the focal evince of businesses limiting themselves to the mature economies of the West to reduce the cost of their operations because the wages and salaries are very high and they are dismissal up all the time as a result of inflation (Griffin 2007 ,. 23 . The only way for these businesses to constantly keep their costs down is to fund capital intensive seek in to restructure all the time for cutting costs .

provides the opportunities for avoiding these expensive trends of business process reengineeringAs mentioned before , China has been experiencing phenomenal economic growth as a result of the delaying process of economic liberalization that the Chinese government has undertaken . An human face of this liberalization has been on the part of the Chinese government to grant foreign businesses to set up operations in China . This strategy has succeeded because the infrastructure within China has developed to the point that it can handle the logistics requirements of manufacturing operations that businesses around the world gift been setting up in China (Naughton 2005 ,. 67 . The benefits of expanding to China are no secret to anyone . The rise of the middle furcate in China and likewise in India means that these countries are generating new patterns of demand for goods and services that businesses in the west have been manufacturing for a long time . Because wages and salaries have soared in the West , these goods and services fabricate there have mother prohibitively expensive . However they become affordable when manufactured in China . India has been developing a vast crime syndicate of technically trained manpower which can address the rising needs in...If you want to get a full essay, rank it on our website: Ordercustompaper.com

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