Small and Medium Enterprises in Globalization Era Essay

Small and Medium Enterprises in Globalization Era - Essay Example The researcher states that there is no globally accepted definition of globalization, but for the purpose of this research, the term refers to the process of consolidating the world into one large market. The process avails many goods and services to people across the world with the removal of trade barriers among the trading nations. The process of globalization happens through three channels; flow of capital, the flow of finance and the trade in goods and services. There is also a thought that the same process would mean integrating the economy of one country with the rest of the world. As much as integrating the economy of one country with the rest of the world could mean good for the nation’s economy, the same process would mean a great deal of unfair competition to some businesses. For a better understanding of such an argument, there is a need to consider a scenario where a starting firm from a developing country competing in a giant multinational. There should be an und erstanding of the contribution of small-scale businesses to the economies of such countries. For most of such nations, the industry forms a critical part of the performance of such economies, which calls for a comprehensive policing strategy that will ensure their sustainability. Therefore, the current study analyses the impacts of globalization on the performance of small and medium-scale firms in the sea of the world’s economic powers. The main theme of this work is to weigh the performance of small businesses before and after the invention of globalization and determine the effects of the processes. Globalization signifies the process of liberalization and internationalization that transforms the world into a small village because of the effects realized. There has been a rise in the levels of competition in every field with all nations across the globe engaging in global wars to make their economies sustainable enough for the populations.

HR Audit Report Essay Example | Topics and Well Written Essays - 2000 words

HR Audit Report - Essay Example 994), â€Å"Although traditional sources of competitive advantage such as the natural resources, technology, economies of scale and so forth create value, the resource based argument is that these resources are increasingly easy to imitate, especially in comparison to a complex social structure such as an employment system. Hence, human resource strategies may be an especially important source of sustained competitive advantage†. The mission of the organization is to â€Å"provide quality bakery products at competitive prices†. The quality consciousness in reflected in the policies of the management in the production, marketing and customer service. But on the other hand the management should also try to evolve new methods to evaluate the cost of various operations more stringent. The assurance of quality should not be increasing the cost and this will tend to push the prices up and high prices will not help the bakery to achieve its mission. The vision of the bakery is â€Å"To be a leading bakery in major cities of the country†. The vision of J Co is not clear and it is very ambiguous in its definition of the exact terms. This kind of vision statement will not help in aligning the organization to wards achievement of goals. Based on the mission and vision, the management of the company has formulated the objectives. The annual objective of J Co bakery is to increase the sales by 10% in the year 2008. To achieve the target growth first an analysis of the planning activities and organizing activities is necessary. The audit of the plans show that J Co has planning done extensively for increasing the sales. But it is lagging behind in its lack of planning in the area of projection of resources required to achieve the sales. The plans do not allocate budget effectively for each retail outlet but only a general allotment of money on a whole. Hence, the personnel in each outlet do not have a clear picture about the allotment of money to carryout their operations and