Assignment 1.1-the Impact of Globalization on Small and Large Corporations

ahead(p) from a Global Perspective module 1 Business in a Globalizing World Assignment 1. 1 dialogue 1- The strike of Globalization on humbled and Large Corporations Cheryl Tomlin Nov 07, 2012 The Impact of IT and the Internet Improves exaltation and handling procedures and tracking aids whole step control eliminates contamination helps companies to follow rules and regulations. Impact of Global Business Regulations In the world(prenominal) market place, there be quatern universal points- safety, benefit, legality, and economic viability. The process aptitude be different between countries, nevertheless the goals are the same.Important steps have been do towards globose regulatory harmonization as the solid food industry is driving the harmonization of ingredient regulations. (www. foodnavigator. com) Worldwide Access to Foods handiness to food in a world(prenominal) business environment is affected by global market volatility cut chain where the food is being sourced how countries are getting food consumer demand bread and butter and health. The Availability of Scientific Research and endowment Advances in the scientific understanding and engineering techniques have increased agricultural achievement and have allowed for the commercial-scale production of processed foods.The kind of food available is no chronic limited to topical anaesthetic products as biodegradable foods can now be transported further away and have increased shelf-life. For example, McDonalds Corporation engineered food not to rot as fast. Overseas Competition somewhat competitors may have different dough objectives and some international competitors may be more or less nonresistant to currency exchange rates. (www. winkinvest. com) Future Trends in Globalization Schema Consumers are congruous more outspoken and demanding in their food choices. According to the Puratos Group, there are 10 future-proof consumer trends for the food industry.Themes include overall bore perception openness and transparency topical anaesthetic self-expression city brands history and tradition portability what is sanguine based on size, volume, shape and mountain authentic small market get word and feeling convenience. (Moerdyck) In comparing kraft paper Foods to Hansens, the former has a far great global reach. In order to diminish marketing expense Kraft has deconcentrate much of its decision making to local management teams enabling them to make decisions quickly- censorious to maintaining an edge in a in truth competitive industry.On the other hand, Hansens operates earlier in North America, with less variegation as Kraft Foods. Kraft has two beverage and food products while Hansens only markets beverages therefore being inefficient to develop the same level of bearing as Kraft Foods in the global market.References Moerdyck, Anke. Oct 24, 2012, http//blog. insites. eu. http//www. winkinvest. com/stock/Kraft_Foods. Feb 27, 2009. Fletcher, Anthony. Jul 06, 2006. www. foodnavigator. com/legislation/IFT.