Global Competition Jolene Bennett, Nikki Casalena, Meagan Cornett, and Bethany Herman ECO/365 April 302012 Joshua Long Global Competition This calendar week, the heighten was on planetary contestation and how this can affect a companys scheme to maximize profits and how to wrapped globular competition to give out the set up of relationships in the midst of wariness and employees. These two topics were relatively gentle for all told police squad members to find and be able to par to their industries. each(prenominal) team members were able to relate the topics to their industries and take in how globular competition can affect their specific industry. Comfortable questions composition 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 bring in because i t is easy to see how an industry can look at their competitors globally to see where they atomic number 18 miss or where they are excelling. Using some of another companies marketing strategies and/or result concepts can help a moving in excel at selling their product and can lift their business.
Uncomfortable Topics Topic Analyzing the effect of global competition on the relationship between management and labor was a secondary more difficult for me to understand due to the fact that I do not use global competition in devote to evaluate the relationship between my employees and my management team at my company. I dumbfound never had to use this! spear to focus on the relationships between my employees because the people in my subdivision were hired by me base upon the fact that I knew on that point 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 manufacturing Maximizing profits by expression at global competition relates to the...
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