Globalization has various aspects which affect the world
Globalization has various aspects which affect the world. How? Industrial - emerge worldwide production markets and boarders access to a range of goods for consumers and companies. Financial - through emergence worldwide financial market. Economic – realization of a global common market, based on the freedom of exchange of goods and capital. Political - creation a world government with regulate the relationships among nations. And many others affects that emerge the worldwide to be one area (one country) without boarders. Giddens – Sec. 1
Compare between radicals and sceptics points regarding globalization The sceptics said the world is same for many years ………………. . Radicals view globalisation can be felt everywhere………………. . Giddens , Sec 1
Identify and explain the environmental model? STEP analysis = Social + Technology + Economic + Political It is a part of the external analysis ………………… Transformation Model, we mean that they use their resources to change the state or condition of something to produce outputs……. . . . . Input ----- transformation process ----- output SWOT analysis model = strength + weak + opportunity + threat (internal and external analysis) …………………. . Mintzberg’s Model, will help you to understand the organization when you read and understand the players who run the organization (understand organization structure)……explain and draw. Sec 2
How would you compare and contrast the views of Wilks and Hutton? Identify their theory Wilks (liberal minded) Hutton (government involvement) Support your answer by examples. Same as your tma answer. Sec 4 & 5
Definitions Macroeconomic Microeconomic Sec 4 & 5
multiplier effect How the government can influence the economy ? The government can use different ways to influence economic performance: taxes, expenditure by use of funds generated by taxes, interest rates, exchange rate, …. others Sec 6
Definitions circular flow of income model………. . • aggregate demand = c (consumer demand) + I (investment demand) + g (Government spending + x (revenue from exports) – m (revenue spent on imports) Monetarism, believe that control of the money supply is key to price stability, economic growth and full employment Keynesian theory, the government can improve the economy through increase flow of demand (increase aggregate of demand) in the economic system……. . Sec 6
Explain in detail, the objectives of the most important players in an economy Identify the 4 players in the market (savers, user of funds, investing institutions, & Broker ). And Discus financial market in global market. …………… Sec 8
What affect the shape of society? Age, class, gender ……… explain Identify new weber and new marx view ? Table page 114 Sec 10
Definitions MNC , Multinational corporation. can operate , planning the location of production and investment according to advantage across the whole economy with low labor cost. NIDL, new international division of labour. By breaking up their manufacturing where best and profitable mix of labour and capital can be obtained (relocation). IACs, Multinational companies operate usually in industrial advanced countries where their headquarters and factories are located. They will reduce their production of certain type according to their operation and they are able to transferee. Usually this business prefer female workers. Taylorism, is a method in management theory that determines changes to improve labour productivity through Select workers with appropriate abilities for each job, Training for standard task, Wage incentive for increase output and Standard method for performing each job Fordism, economic philosophy that widespread prosperity and high corporate profits can be achieved by high wages that allow the workers to purchase the output they produce, ……. Sec 14
Hofstede established the following four important differences between national cultures. Explain? Power distance Uncertainty –avoidance Individualism Masculinity – feminity Sec 15
Explain Society centred approach (Investors, business owners) State centred approach (Government ) Sec 18 Identify Japan and Korea players ? ? Japan = Bureaucracy + LDP + Business Korea = CHAEBOLS + Government Sec 19
Hudson examines the role of information and communication technologies in globalisation. explain CHANGING THE GEOGRAPHY OF BUSINESS. TOWARD GLOBAL INFORMATION INFRASTRUCTURE ………………. Ect. Identify leapfroging? Leapfroging, is new technology to reach and users through wireless local loops or small satellite terminal rather than cable Sec 24
The journey to natural capitalism involves four major shifts in business practices. explain -DRAMATICALLY INCREASE THE PRODUCTIVITY OF NATURAL RESOURCES -REDESING PRODUCTION ACCORDING TO BIOLOGICAL MODELS -THE CHANGE OF THE BUSINESS MODEL -REINVEST IN NATURAL CAPITAL Sec 26
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