I agree with Kendra that globalization has had a large impact on society today, especially as it relates to business. The opportunities for businesses to go overseas are high, but the risks are also high which Kendra pointed out well. A lot of businesses go overseas because the cost to make products are so much cheaper than in the United States. This allows a business to earn more revenue and have more money to invest in other things. Also, the labor costs go down which helps a company/business save money. There are many factors that come into play for a business that I don't think managers really look into as much as they should like working conditions, hours, etc. People overseas are working their tails off for minimum wage, working long hours, and not the greatest working conditions. It is hard for a manager to keep track of all this, especially when their mainly posted in the United States.
I think mangers need to get more involved with their overseas factories and workers because it's the right thing to do, especially when their the ones working hard to make your product which earns you more money. The world is globalizing at a quick rate and more and more businesses are going overseas and taking advantage of the lower costs. To answer Kendra's questions I think the biggest risk of becoming an international business is making making sure the job is being done right at all times. Management needs to communicate extremely well with whomever they part in charge overseas to make sure their on the same page. I do however believe the benefits outweigh the risk of becoming an international business because of the lower costs and how much money it saves your business. The big issues like communication and working conditions can be sorted out seemingly easy if done correctly by management.
What can the United States do to get businesses to stop/working going overseas and stay here?
No comments:
Post a Comment