Managing the Risk of Globalization Analytical Essay by Nicky

Managing the Risk of Globalization
Looks at the need to re-adjust globalization strategies during economic downturns.
# 128411 | 2,945 words | 10 sources | APA | 2010 | US
Published on Jul 20, 2010 in Business (International) , Business (Management) , Economics (Globalization)


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Description:

This paper explains that, in the current subprime economic crisis, the risks to which managers are exposed when pursuing a globalization strategy are increased significantly. Next, the author presents the ways that globalization in this economy has impacted various companies including the negative experience of the Chinese toy-manufacturing industry and the success of Walmart. The paper concludes that, with the proper alignment of tactics and broad strategic goals, management can strengthen their company's defenses against such downturns even to the point of continuing to thrive in such adverse economic conditions.

Table of Contents:
Introduction
An Understanding of the Problem and How it Relates to Globalization
Two Perspectives on the Impacts on Managers
Recommendations for Managers
Summary

From the Paper:

"One of their main buyers, for example, is Walmart. Walmart has reaped substantial benefits from globalization and many of the firm's suppliers have been directly affected by the crisis. Yet, Walmart has not. This company, which has high exposure to consumer demand fluctuations and turmoil in the Chinese manufacturing sector, continues to succeed despite the adversity. Walmart has also adopted cost leadership strategy, but unlike the toy factories in China, Walmart has carefully developed business-level tactics that support that strategy."

Sample of Sources Used:

  • Brown, Jeff (2008) Subprime Crisis: A Bouquet of Opportunity Masked a Reek of Risk. Knowledge @ Wharton. Retrieved November 24, 2008 from http://knowledge.wharton.upenn.edu/article.cfm?articleid=1995
  • Thoma, Mark. (2008). The Fed's View of the Sub-Prime Mortgage Market. Economist's View. Retrieved November 24, 2008 from http://economistsview.typepad.com/economistsview/2007/03/the_feds_view_o.html
  • Boeri, Tito & Guiso, Luigi. (2007) Subprime Crisis: Greenspan's Legacy. Vox. Retrieved November 24, 2008 from http://www.voxeu.org/index.php?q=node/488#fn2
  • Amerman, Daniel R. (2008) The Subprime Crisis is Just Starting. Financial Sense University. Retrieved November 24, 2008 from http://www.financialsense.com/fsu/editorials/amerman/2008/0320.html
  • Capell, Kerry. (2008). The Stunning Collapse of Iceland. Business Week. Retrieved November 24, 2008 from http://www.businessweek.com/globalbiz/content/oct2008/gb2008109_947306.htm

Cite this Analytical Essay:

APA Format

Managing the Risk of Globalization (2010, July 20) Retrieved July 09, 2020, from https://www.academon.com/analytical-essay/managing-the-risk-of-globalization-128411/

MLA Format

"Managing the Risk of Globalization" 20 July 2010. Web. 09 July. 2020. <https://www.academon.com/analytical-essay/managing-the-risk-of-globalization-128411/>

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