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Essay / Research Paper Abstract
11 pages in length. It only makes good business sense for the corporate business environment to implement any and all changes so a company's social performance is appropriate with its orientation. By adopting the wide-open standards of globalization, businesses also open themselves up to myriad other benefits that such diversity imparts. Contemporary companies recognize the inherent relationship between business social performance and establishing a diversity program; as such, industry analysts readily assert how such proliferation of initiatives is based upon a foundation of business benefits, with diversity acting as the catalyst for improved bottom lines. Bibliography lists 9 sources.
Page Count:
11 pages (~225 words per page)
File: LM1_TLCglobB.rtf
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Unformatted sample text from the term paper:
a companys social performance is appropriate with its orientation. By adopting the wide-open standards of globalization, businesses also open themselves up to myriad other benefits that such diversity imparts.
Contemporary companies recognize the inherent relationship between business social performance and establishing a diversity program; as such, industry analysts readily assert how such proliferation of initiatives is based upon
a foundation of business benefits, with diversity acting as the catalyst for improved bottom lines. "Globalization, we believe, is the most important phenomenon of our time. It is
a contentious, complicated subject . . . and each particular element of it is, itself, at the heart of a huge debate" (Bosrock, 2000, p. 03D). II. THE FORWARD
MOVEMENT OF GLOBALIZATION "Businesses when entering foreign markets must Think Globally, Act Locally, effectively using the concept of the international product life cycle,
and improve value chain activities to sustain their competitive advantages" (Chen et al, no date). Upon referencing renowned economist Michael Porters 1990 definition of globalization, one can readily surmise
that the benefits can be quite significant to businesses that seek foreign markets in which to sell or manufacture. If one were to apply the Porter Model to the
myriad considerations of globalization, one would immediately understand how and why this particular system would prove effective in determining the position any given company may enact as a player in
global economics. Within the five forces of Porters Model resides the formula that can help an organization realize its financial shortcomings when it comes to diversification and competition.
1. Factor Conditions : The nations position in factors of production, such as skilled labor or infrastructure, is necessary to compete in a given industry. 2. Demand Conditions :
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