Global Competitiveness Key Challenges And Strategi

Global Competition
Jolene Bennett, Nikki Casalena,
Meagan Cornett, and Bethany Herman
ECO/365
April 302012
Joshua Long








Global Competition
This week, the focus was on planetary contestation and how this can affect a companys scheme to maximize profits and how to intent global competition to give out the set up of relationships between wariness and employees. These two topics were relatively gentle for all team members to find and be able to par to their industries. All team members were able to relate the topics to their industries and take in how global competition can affect their specific industry.
Comfortable questions
Topic
The topic that I felt the most comfortable with this week was the effect of global competition on an organizations strategies for maximizing profits. Using global competition as a means for maximizing profits is relatively simple to understand because it is easy to see how an industry can look at their competitors globally to see where they atomic number 18 lacking or where they are excelling. Using some of another companies marketing strategies and/or result concepts can help a business excel at selling their product and can enhance their business.





Uncomfortable Topics
Topic
Analyzing the effect of global competition on the relationship between management and labor was a little more difficult for me to understand due to the fact that I do not use global competition in order to evaluate the relationship between my employees and my management team at my company. I dumbfound never had to use this tool to focus on the relationships between my employees because the people in my department were hired by me base upon the fact that I knew there would be a life-threatening working relationship between everyone.

Correlating the Topics with Current Employers
We could relate many an(prenominal) of the objectives to our current roles with our employers.
Automotive Industry
Maximizing profits by expression at global competition relates to the...



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