Then answer the following questions: * Why has it become so important for companies to become competitive in the global business environment? * What advancements in operations management in other countries have affected the way companies in the United States operate?
Be sure to reference all sources using APA style. Grading Criteria | % of grade for this assignment | Examples of companies demonstrating global operations management approach. | 30% | Why has it become so important for companies to become competitive in the global business environment? | 30% | What advancements in operations management in other countries have affected the way companies in the United States operate? | 20% | | | APA citation and references | 5% |
On good example of the global management is McDonalds. They have a geared themselves to adopt according to the culture of the country for example in France they have uses low profile but tastefully constructed restaurants which are appropriate for longer stay and they offer table service in as well which is in total contrast to US. (Fancourt, 2012, Pg32).
Ford Motor Company for their foreign operations normally do Joint ventures with local companies this way they are able to acquire the local knowledge and expertise and have a greater adaptability to local market. In China they have a Joint venture with Chang 'An. Senior management of both the companies sit together to form the strategy.
Procter & Gamble who have a great system for talent management and use the diversity to its advantage. They use these people to understand the country and then advertise accordingly. Mostly local celebrities and their testimonials are
References: Fancourt, L. Lewis, B. & Majka, N. (2012). Transformative Times: New Opportunities for Business in an Era of Upheaval. The Lauder Global Business Insight Report Wharton Art & Science. Howard, M. (2003). The Challenges of a Global Marketplace. Retrieved June 5th 2011 from, www.howardjmorgan.com/downloads/pdf/The_Challenges_of_a_Global.pdf Lockwood, N. (2011). Talent Management: driver for organizational success. Retrieved June 4th 2011 from, www.findarticles.com