Verified Document

Institutions And Resources Affecting Marketing And Supply Chain Management Essay

Global and Regional Economic Integration With the increasing globalization of emerging economies, regional and global economic integration is expanding, generating both benefits and challenges. While seeking to sustain global and region-wide economic growth, it is important to create an integrated market for the free flow of trade and investment. Economic integration is not working for the majority of the regional and global parties. In the course of the most recent period of drastic global trade and investment, economic inequality attained its peak both regionally and internationally. According to a report by the UN Development Program, the wealthiest 20% of the global population consumes 86% of the world's resources. In contrast, the poorest 80% are argued to consume a mere 14% (Peng, 2014).

Manufacturers operating under a regional or global bloc may profit from market size (Peng, 2014). In turn, market size is a vital variable that facilitates innovation, the fixed costs of which is felt throughout the consumer base. Similarly, consumers are likely to benefit from intense rivalry in product markets. Such impacts critically rely not just on the creation of a single customer area but also on the removal of obstacles to market access. In this respect, notable progress has been documented in Russia, Kazakhstan and Belarus where corporations have equal access to government procurement contract in all the three nations. Regional and global economic integration play a critical part in this decline. It influences all jobs and economic sectors (Peng, 2014). From the perspective of Wall Street investors and multinational corporations, this integration is possibly seen as...

However, from the local manufacturers' perspective, the middle class, professional service employees, manufacturing staff and the overall national economic growth, the cons overpower the benefits.
How institutions and resources affect marketing and supply chain management

Institutions refer to the network of suppliers, manufacturers, distributors, and customers that guide how business is conducted. Weak institutions are highly expected to fail in ensuring modest efficiency of markets; thus, foreign investors would not have the ability to depend on markets to access local resources. In such a situation, the acquisition will be prohibitively expensive because of inefficiencies in financial markets. In addition, under such circumstance, it is argued that the resources of an acquired company might be improperly valued, and their integration would be challenging. Therefore, foreign investors pursuing local resources may opt to create a new business by collaborating with a local company (Pedersen et al. 2011). The concept of supply chain management enables the highlighted institutions to integrate their operations thus increasing response time while reducing costs to the consumer. Therefore, the absence of a formal policy to govern SCM inhibits the effectiveness of reverse logistics. This is especially notable when discussing the effect of resources on marketing and supply chain. A commitment of resources might be in the form of training employees on new technology or even information to all departments on what needs to be done. Information support remains crucial to both product routing and resource…

Sources used in this document:
References

Peng, M. W., & Peng, M. W. (2014). Global Business. Mason, OH: Cengage Learning/South Western.

Pedersen, T., Asmussen, C. G., & Devinney, T. (2011). Dynamics of Globalization: Location-Specific Advantages or Liabilities of Foreignness? Bradford: Emerald Group Pub.
Cite this Document:
Copy Bibliography Citation

Related Documents

Supply Chain Management Hypothesis Defined Concepts of
Words: 24788 Length: 80 Document Type: Thesis

Supply Chain Management Hypothesis defined Concepts of SCM and the evolution to its present day form Critical factors that affect SCM Trust Information sharing and Knowledge management Culture and Belief -- impact on SCM Global environment and Supply Chain management "Social" and "soft" parameter required for SCM Uncertainties This chapter aims to give an outline and scope of the study that will be undertaken in this work. The study lays out the issues faced by manufacturing organizations when it comes

Management of Technology in Developing Countries Such As Iran
Words: 3432 Length: 9 Document Type: Peer Reviewed Journal

Management of Technology in Developing Countries Such as Iran Technology management arrangements of developing countries vary from those of first world ones. The requirement for skill in these states is not growing from within, but somewhat cropping up from new wares imported from first world countries. Technological growth in addition does not consequence from inner data and research, but resulting upon the technology transmission from abroad. In these environments, technology management

Managing Sustainability: Bt Group in UK
Words: 4637 Length: 18 Document Type: Essay

These tiny particles are poison and damage the green effect. For the reason that they reflect solar energy back into space they have a preservation result on the world. Ocean current is a problem because it has an effect on the greenhouse. Also, ocean currents are something that has been able to move vast amounts of all heat all over the planet. Also, winds are what push horizontally towards the

Management & Corporate Responsibility Patagonia
Words: 4562 Length: 15 Document Type: Corporate

Patagonia Strategic Management & Corporate ResponsibilityIntroductionPatagonia is a subsidiary of Lost Arrow, a privately held firm established in 1973 by climbers and surfers. Patagonia is a purveyor of outdoor clothing and gear and manages its research, design manufacturing, and sale of its products. The firm is driven by developing essential products for outdoor activities rather than profit-motivated production. Patagonia has a competitive advantage due to unique technological innovation in the

Pepsico Global Supply Chain Corporate
Words: 5831 Length: 20 Document Type: Thesis

" Fiscal year 2007 was ended with sales worth more than $37 billion and with a total staff number of 103,000 employees. The Ongoing Battle against Coca Cola PepsiCo and Coca Cola's endless disputes have been organized by the specialized literature under the syntax 'cola wars'. They generally received this name due to their intensity and their continuous occurrence, but also for the not always positive effects they had upon the two

Managing Innovation in Its Simplest Form Can
Words: 2635 Length: 10 Document Type: Essay

Managing Innovation Innovation in its simplest form can be termed as something new or newly introduced into the market. Innovation in the business field is quite necessary since it forms the backbone of a company's growth and that of the economy as a whole. Innovation is the success of every business and must be managed effectively and efficiently (Limerick, 2002). The ever changing technology and instant global communication have made it easier

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now