Preview

The Extent of Globalization in Global Retailing and Civil Aero Engine Manufacturing

Powerful Essays
Open Document
Open Document
3385 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Extent of Globalization in Global Retailing and Civil Aero Engine Manufacturing
1. Introduction First of all, about this portfolio, the extent of globalization in global retailing and civil aero engine manufacturing is main discussion statement. The PESTEL, CAGE distances and Yip’s driver theories also would be applied to support this discussion. Moreover, different firms of these two industries would be used to illustrate above concept. Wal-Mart, Carrefour and Tesco will be used to demonstrate global retailing. Then, another industry, civil aero engine manufacturing, Pratt & Whitney and GE Aviation will be used to exemplify. When the companies want to keep their development within the competitive economic environment, they should have a plan. This plan is not only integrate the condition that means the competence of company, with the outside opportunities. And also guide the internal resources management to operate in coordination with different management action. The purpose is to seek customers’ value, choose a right business strategy, also to enhance the enterprise competitive advantage and make the advantage be sustainable. It is corporate strategy, which is about the long term view for the top managers to make strategic decisions for taking action to change firm’s position (Oliver, 2001). Moreover, strategic management is a way to “catch” the opportunities within the complicate environment, avoid the risk to face threats in the external environment, enhance strength, and hide the weakness. Besides these, then, implement strategies and review the performance (Jones, 2008). Finally, make the company to gain profit and have sustainable competitive advantage, expand market share lastingly in the market.

2. Strategic groups of global retailing industry Wal-Mart, Carrefour and Tesco have been chosen to explain how they global in the global retailing market. These three are the “big three” at the top 250 retailers of 2010 (Deloitte.com, 2012). The reason to choose these three is because their scope is largest. Not just
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Foot Locker, Inc
    • 8902 Words
    • 36 Pages

    Foot Locker, Inc

    References: (2009). About Us. Retrieved January 10, 2009, from Foot Locker Inc. Web site: http://www.footlocker-inc.com/IR_index.htm. (2009). About Us. Retrieved February 15, 2009, from Wal-Mart Web site: http://walmartstores.com/AboutUs/ (2009). About Us. Retrieved February 15, 2009, from Sports Authority Web site: http://www.sportsauthority.com/corp/index.jsp?clickid=botnav_aboutus_txt (2008). Annual Report. New York City, NY. (2009). Business definition for Globalization. Retrieved February 3, 2009, from BNET Business Network Web site: http://dictionary.bnet.com/definition/Globalization.html?tag=col1;trackDictionary (2004, January 20). Assessing retail Globalization. Retrieved February 3, 2008, from http://www.deloitte.com/dtt/cda/doc/content/Deloitte%20Research_Assessing_Re tail_Jan%202004(1).pdf (2008, December). Revisiting retail Globalization. Retrieved February 3, 2008, from http://www.deloitte.com/dtt/cda/doc/content/us_retail_globalization.pdf (2008, January 30). Effects of recession on Business. Retrieved February 3, 2009, from Economics Help Web site: http://www.economicshelp.org/blog/readersquestions/effects-of-recession-on-business/ Field, Katherine (2008, September). Vacancy rates cause change-ups at the Mall. Chain Store Age, 84, Retrieved March 21, 2009, from http://search.ebscohost.com.ezproxy.liberty.edu:2048/login.aspx?direct=true&db =bth&AN=34234368&site=bsi-live…

    • 8902 Words
    • 36 Pages
    Good Essays
    Read More
  • Powerful Essays

    The Analysis of U.S Retail Industry Development
    • 4921 Words
    • 20 Pages

    The Analysis of U.S Retail Industry Development

    A retailer can spend years rolling out a brand in the largest U.S. markets and more years penetrating smaller markets before looking overseas. Today’s globalization makes moving internationally sooner to become a much more attractive opportunity. Retailers call global expansion a key source of revenue and a necessity, not an option, for them. They also see the growth of middle class consumers around the globe as a key driver of these international opportunities.…

    • 4921 Words
    • 20 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Tesco External Infleunces
    • 3673 Words
    • 15 Pages

    Tesco External Infleunces

    I have used, and implemented various methods to create and successfully complete this report on globalisation. I have conducted partly primary research by going to a number of stores and asking members of staff but mostly I used secondary research as a base to establish global challenges Tesco Plc. faces globally and within the UK. I have visited www.tesco.com the Tesco website to explore the research information as well as other relating websites and also read ETI requirements Tesco is obliged to follow as a global player.…

    • 3673 Words
    • 15 Pages
    Powerful Essays
    Read More
  • Better Essays

    Mgt/230 Internal and External Factors Essay Example
    • 1513 Words
    • 6 Pages

    Mgt/230 Internal and External Factors Essay Example

    Wal-Mart has dominated the global market by operating in 27 countries outside the United States. According to Bateman and Snell (2011, p. 4), “Companies that want to grow often need to tap international markets, where incomes are rising and demand is increasing.” This is ascertained through internal and external factors of globalization. Internal factors include production, customer service, and marketing strategies. For example, company branding can affect a company’s image. One can associate with the quality of products and services with a company’s brand and is often the first thing that people see when interacting with a company like Wal-Mart. External factors include new market environments to which a company must be accustomed, consumer analysis, and market analysis. A new product introduced into a new market depends upon consumer reactions. A company must analyze trends by segmenting markets into different consumers types and identifying their motivation of buying. This enables a company like Wal-Mart to create unique offerings for specific consumer needs. Market analysis helps determine the size of the market, how it is growing, and creating a presence in the market geared toward profitability.…

    • 1513 Words
    • 6 Pages
    Better Essays
    Read More
  • Powerful Essays

    Business Strategy
    • 4891 Words
    • 20 Pages

    Business Strategy

    Strategic Management, what is this? It is that set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning, strategy formulation and implementation, and evolution and control. The study of Strategic Management helps us to monitoring and evaluating the opportunities and threats of a company’s strengths and weaknesses.…

    • 4891 Words
    • 20 Pages
    Powerful Essays
    Read More
  • Good Essays

    Hrm/531 Week 9
    • 525 Words
    • 3 Pages

    Hrm/531 Week 9

    After reading chapter nine about strategic management I have found out that it is a key component of an organization. Many objectives have to be kept in mind when implementing strategic management such as understanding that both planning and designing a strategy involves a great amount of risk and resource assessment, the ways to counter the risks, and obtain effective utilization of resources all while trying to achieve a significant purpose. Organizations are normally established with a goal in mind, which defines the purpose for its existence. All of the work carried out by the organization revolves around this particular goal, and it has to align its internal resources and external environment in a way that the goal is achieved in rational expected time. Strategic Management on a corporate level normally incorporates…

    • 525 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Good to Great
    • 1776 Words
    • 8 Pages

    Good to Great

    According to Wheelen & Hunger, strategic management "is that set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning (both external and internal), strategy formulation (strategic or long-range planning), strategy implementation, and evaluation and control" (2004, p2). All eleven good to great companies are benefit from strategic management and gain long term strategic advantage then lead to outperforming compared companies.…

    • 1776 Words
    • 8 Pages
    Better Essays
    Read More
  • Good Essays

    DERIVING CONSENSUS RANKINGS VIA MULTICRITERIA DECISION MAKING METHODOLOGY
    • 556 Words
    • 3 Pages

    DERIVING CONSENSUS RANKINGS VIA MULTICRITERIA DECISION MAKING METHODOLOGY

    With increasing globalization, local retailers find themselves having to compete with large foreign players by targeting niche markets. To excel and flaunt as a market leader in an ultramodern era and a globalize world, the organizations must strive to harvest from its marketing strategies, benchmarking and company quality policy.…

    • 556 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    PESTEL
    • 1431 Words
    • 4 Pages

    PESTEL

    Marks and Spencer is arguably one of the largest retailers that are based in the UK. In addition, the company is also a major retailer that deals with the selling of various product rangers under their brand name in at least thirty nations across the globe. This implies that the scope of operations of the Marks and Spencer are from an international perspective, and therefore, the firm must put a keen consideration on its external environment. The company relies on its…

    • 1431 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Good Essays

    Basic Concept of Strategic Management
    • 656 Words
    • 3 Pages

    Basic Concept of Strategic Management

    Strategic Management: a set of managerial decisions and actions that determines the long-run performance of a corporation.…

    • 656 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Revenue and Timberland
    • 2793 Words
    • 12 Pages

    Revenue and Timberland

    Deloitte. ( February 18, 2004). 2004 Global Powers of Retailing: Executive Summary. Retreived 11/25/05 from…

    • 2793 Words
    • 12 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Globalization of the Automobile Industry
    • 5353 Words
    • 22 Pages

    Globalization of the Automobile Industry

    With the continual rise of global business activities and increasing customers’ needs, globalization activities are becoming more fluential from many differnet aspects whether good or bad. What is globalization? Globalization is to toward to a more integrated and interdependent world economy(Hill,2007). It is trying to eliminate the barriers to cross-border business trade and capital investment. People can share the resources from the world. In today, you might have a car designed in Germany that was assembled in China by Ford from components made in the United States and Japan. The goods and services are expanded across the world and the mutual use of resources, that is the purpose globalizaiton eventually wants.…

    • 5353 Words
    • 22 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Wal-Mart Case
    • 2075 Words
    • 9 Pages

    Wal-Mart Case

    Wal-Mart is a brand that is well known around the world, especially in the USA. It has gradually developed into the largest retailer in the world. Wal-Mart’s globalization efforts have been happening rapidly. But have they been successful in all aspects of their international expansion or not? This is the main thought that is going to be discussed in this essay. The questions I will be looking at are based on a case called “Wal-Mart takes on the world” from the book of International Business The Challenge of Global Competition eleventh edition – Ball, McCulloch, Geringer, Minor, and McNett. Questions are the following:…

    • 2075 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Walmart Strategy
    • 1641 Words
    • 7 Pages

    Walmart Strategy

    Wal-Mart the world's largest retailer in 2006, next to only Exxon Mobil, with an 8.9% retail store market share in the US and a global turnover of $312 billion, is the most famous example of a successful retail strategy. However, Wal-Mart's international operations spread across 14 markets outside US, has been a mixed bag of experiences for the company. Despite Wal-Mart's impressive track record and strength, the question is, "How can it stay ahead?" given the rapidly changing retail landscape, newly emerging markets and aggressive global competitors.…

    • 1641 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Better Essays

    Globalization of Wal-Mart
    • 1167 Words
    • 5 Pages

    Globalization of Wal-Mart

    As the world’s largest retail store in the world, Walmart wants to be in every market that they can be prosperous in. They know they rule the United States market, so why not try to expand overseas and dominate those markets as well. Now that they have reached limits on expansion here in the U.S., the next step was to test the water in other nations. As they began to go international, there were many critics saying they will never make it because their business practices and culture wouldn’t work in other countries. Yet the company’s globalization efforts progressed at a rapid pace. Its more than 4,263 international retail units employ more than 660,000 associates in 15 international markets. Their international sales have made up over 24.7 percent of the company’s total sales. This is expected to increase substantially over the next decade. (International business 13th edit, pg. 251)…

    • 1167 Words
    • 5 Pages
    Better Essays
    Read More

Related Topics