country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Thomas Friedman On Globalisation And Strategy

tag 0 Download5 Pages 1,247 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Thomas Friedman on Globalisation Structure and Strategy.
 
 

Answer:

Thomas Friedman on Globalisation 3 Eras of Globalisation World is flat

In this video, Thomas Friedman is giving an insight of three great era of globalization. He explains these periods through providing some of the changes that have occurred from 1492 until now. One of the key ideas from this video is the transformations which have occurred and the factors which triggered globalization from initial era up to date. In terms of country globalization, Friedman argues countries were the agents of globalization and bases his argument on countries colonizing other nations (Juergensmeyer, 2014). Friedman urges that the second era of globalization lasted between the year 1820s to 2000 and was defined and spearheaded by companies globalizing. In this era, companies started expanding to other countries in the search for markets and labor. He also says this era moved globalization from size medium to size small. From this argument, it shows that Friedman felt that globalization was going small in terms of size. The era of globalization between 2000 until now is not defined or spearheaded by countries or companies globalizing (Asefa, 2010). He says that the current era is characterized by what he terms as new, unique, and terrifying aspects. One of the important ideas Friedman derives from the third era of globalizing the reason which triggers individual globalization. According to his sentiment, what is unique, exiting and terrifying in this era is the degree in which it empowers and requires individuals to globalize themselves and think themselves as potential connectors, collaborators and competitors with other individuals anywhere in the world (Thomas, 2013). The primary point of Friedman in this video was trying to explain globalization in terms of size and the purpose of globalization in each era.

There are numerous companies which can benefit from Friedman’s ideas (Böss, 2010). One of these companies is Hunter mason in Sidney. This is because this firm is one of the fastest growing in Australia  and using Friedman’s views can assist it to expand to not only in Australia but also in the global market.  The company can use Friedman concept to globalize bit by bit. For example, it can start by testing the global market through beginning with small investment and end up establishing huge investment if it finds the market fit. Friedman argued that globalization has had different transformations and therefore this company can look at the changes in the present era and work based on it. The idea of a company globalizing to search for markets and labor may be beneficial for this company. The company can use Friedman’s concept through its Human resource department to look for the countries with cheap and reliable labor. This Company can also use this department to look for the countries where it can cope with the labor regulations (Spooner, 2015). The marketing department can play a significant role in analyzing the global market and finding which country best fits the operations of this company. This can be through analyzing consumer buying behavior, analyzing competition and so forth. The management should always factor in all individual views concerning expansion of this company to other countries because Friedman argues that the current era of globalization is individual and is characterized by energy, curiosity and passionate of the power of individual and

 

Structure and Strategy

BCG's Yves Morieux provides an insight of organization and competitive advantage. The primary idea in this case was trying to explain why organization should be taken as the central component of attaining a competitive advantage. He argued this by saying that organization is the central determination of competitive advantage because its strategy determines the behavior of the people. According the Morieux, the major organizational advantage of the organizations in the next decade will be the ability to organize and leverage the intelligence of its people (Russo, 2010). According to his view, competitive advantage in companies is made of the organization, behaviors and team habits. This means companies which do not consider these factors are likely to face challenges in trying to challenge their rivals in terms of competition. Moreiex also argues that lack of perceiving signals concerning threats and opportunities may lead to wrong decisions. This indicates that organizations which want to succeed in competition must analyze the opportunities and weaknesses in both their companies and in the market (Thomas, 2012). Another key idea from the video is that the main aspect of organizational strategy is the ability to translate the strategy into structure, processes and systems of the organizations. Another important point which Morieux tries to deliver is how bureaucracy emerges. According to him bureaucracy in organizations emerges from very valuable and respectful principles like efficiency and equity. The last key point which he derives is that the nature of company organization determines the ability of a company to come up with sound strategy.

One of the companies which can benefit from these ideas is landlease group. This is because this company operates in the building and manufacturing sector which has been classified as one of the most competitive sector in Australia. This company is also a multinational corporation, meaning it competes with different companies in different countries and therefore it should use the right strategies to attain a competitive advantage (Kaushik, 2016). One of the ways which this company can use these ideas are ensuring it is well organized. The management should ensure there are clear mediums of communication, team work, and all levels of management works together to ensure proper competitive strategies are established in the organization (Kumar, 2012). The management should also ensure that there is equity and efficiency in the organization in order to attain bureaucracy. The company can also employ these ideas by ensuring the marketing department analyses both the company and the market to find out the possible weaknesses and opportunities. This will assist in coming up with the right strategy on how to compete. For example, making use of the strengths and weaknesses identified can assist the management to plan on how to differentiate its products, segment the market, price its products, target customers and so forth.  Morieux pointed out that the main aspect of organizational strategy is the ability to translate the strategy into structure, processes and systems of the organizations. The company can attain this through ensuring all staff members are trained on how to convert the competing strategies which the company has established into structure, processes and systems.

 

Bibliography

Asefa, S., 2010. Globalization and International Development: Critical Issues of the 21st Century. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research.

Böss, M., 2010. The Nation-State in Transformation: Economic Globalisation, Institutional Mediation and Political Values. Aarhus University Press: Aarhus, Denmark.

Juergensmeyer, M., 2014. Thinking Globally: A Global Studies Reader. Berkeley, CA: University of California Press.

Kaushik, M., 2016. Factors That Contribute towards Competitive Advantage: A Conceptual Analysis. IUP Journal of Business Strategy, 13(1), p. 2016.

Kumar, s. P., 2012. Management of Business Processes Can Help an Organization Achieve Competitive Advantage. International Management Review, 8(2), pp. 56-89.

Russo, M., 2010. Companies on a Mission: Entrepreneurial Strategies for Growing Sustainably, Responsibly, and Profitably. Stanford Business Books: Stanford, CA.

Spooner, B., 2015. Globalization: The Crucial Phase. University of Pennsylvania Museum of Archaeology and Anthropology: Philadelphia.

Thomas, K. J., 2013. Globalization and Developing Countries: A Global Participation Model. Economics, Management and Financial Markets, 3(4), pp. 88-99.

Thomas, M., 2012. Competitive Strategies for the 21st Century: Theory, History, and Practice. Stanford, CA: Stanford University Press.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Thomas Friedman On Globalisation And Strategy. Retrieved from https://myassignmenthelp.com/free-samples/thomas-friedman-on-globalisation-and-strategy.

"Thomas Friedman On Globalisation And Strategy." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/thomas-friedman-on-globalisation-and-strategy.

My Assignment Help (2018) Thomas Friedman On Globalisation And Strategy [Online]. Available from: https://myassignmenthelp.com/free-samples/thomas-friedman-on-globalisation-and-strategy
[Accessed 08 April 2020].

My Assignment Help. 'Thomas Friedman On Globalisation And Strategy' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/thomas-friedman-on-globalisation-and-strategy> accessed 08 April 2020.

My Assignment Help. Thomas Friedman On Globalisation And Strategy [Internet]. My Assignment Help. 2018 [cited 08 April 2020]. Available from: https://myassignmenthelp.com/free-samples/thomas-friedman-on-globalisation-and-strategy.


MyAssignmenthelp.com is the ideal place for students, who often wonder, 'who can write my assignment for me'. The reason is, we have a pool of highly skilled and knowledgeable experts, who prepare highest quality academic papers in all domains. So students don't need to waste their time in searching, 'can someone do my assignment perfectly in Australia', instead they can place the order for getting assignment help from experts based in Sydney, Melbourne, Brisbane, Perth, etc. They are guaranteed to receive premier quality assignment help at an affordable rate in Australia.

Latest Management Samples

BUS106 Marketing Principles For Designing And Production Of Boats

Download : 0 | Pages : 6

Answer: Introduction OzCo Boats is a family-owned boat building industry based in Coffs Harbour, situated in New South Wales has been operating since 1961. It builds high quality and luxury boats that are made from traditional material. In the current scenario of technological developments, they have to embrace innovative technologies to compete with its competitors and needs to transform its traditional methods of production. If it is contin...

Read More arrow

MBA502 Professional Workshop For Self Awareness And Work Performance

Download : 0 | Pages : 7
  • Course Code: MBA502
  • University: Kaplan Business School
  • Country: United States

Answer: Part one  Chosen topic- Self awareness (From workshop week 2) Activity name Description   Time needed   Expected Outcomes   Things to consider (instructions)   Expected barriers   1. Adjective game  This activity is about giving an adjective to own self and to others and then to see whether self given adjectives and the adjectives chosen by others ...

Read More arrow

BUSN20017 Communication In Business For Email And Employment Letter

Download : 0 | Pages : 9
  • Course Code: BUSN20017
  • University: Central Queensland University
  • Country: Australia

Answer: Introduction: Communication is used for the information transformation between different sources. It has different types such as verbal, non-verbal. There are many things to communicate for some purpose. Professionalism is require a better communication for fulfill the basic requirements in business. Business communication is playing a key role in a life of professional person for their professional work.     This essa...

Read More arrow

ACC202 Fair Value Accounting For Financial Assets And Economies

Download : 0 | Pages : 7

Answer: Fair Value Accounting Mark to Market or Fair value accounting shows the current price or the potential of the asset in the market. Assessment of fair value accounting is one to reflect economic reality in the corporate environment. The fair value shows the potential price in which the asset can be bought or sold in respect of the cash flows or the economic benefits flowing from the asset (Goh et al. 2015). The cons and pros of ap...

Read More arrow

BZ100 Introduction To Business And Management

Download : 0 | Pages : 4
  • Course Code: BZ100
  • University: Victoria University
  • Country: Australia

Answer: Learning from case study I was able to learn with the help of the case study that Telstra which is a provider of the mobile phones along with broadband internet focuses on strategies that help in protecting the community. The knowledge was gathered through the case study that getting involved with the local communities can help an organization in surviving within the competitive environment. The fostering of the inclusive communities ...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,247,995

Orders

4.9/5

Overall Rating

5,068

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

440 Order Completed

99% Response Time

Jack Arens

MBA in HRM

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

3076 Order Completed

99% Response Time

Emily Wei

Doctor of Philosophy (Ph.D) in Civil Engineering

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1692 Order Completed

98% Response Time

Alfred Dodd

PhD in Computer and Information Science with specialization in Database

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

610 Order Completed

100% Response Time

Cheryl Zhao

PhD in Statistics

Singapore, Singapore

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Good work. it was on topic base, understandable and relevant. Help me to achieve great mark. Really appreciate.

flag

User Id: 78040 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

got assignment completed on time. I had lot of important information and up to the point.

flag

User Id: 299002 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

I was so excited to share my experience. I had Peter help me with assignment. He did and exceptional job that I couldn\'t believe it. I got an A+ PERFECT SCORE! ALL i can say is WOW! THANK YOU.

flag

User Id: 307193 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

Excellent work from the teacher. I got excellent marks and Assignment help had given the. assignment in the time.

flag

User Id: 213317 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?