Question

(International Management) Benefits of Global Standardization What are the benefits of global standardization of production processes...

(International Management) Benefits of Global Standardization

What are the benefits of global standardization of production processes and procedures?

Homework Answers

Answer #1

In case of the Global standardization strategy, it is a Cost leadership strategy which is concerned with the Organizations that bear high manufacturing skills. In the situation where Global competitiveness is at higher level, this strategy could be undertaken. Under this strategy, rapid marketing expansion happens. There is an overall value addition in the technology. The database of the Global clientele with the track record of consistent growth is also seen. There are such efficient mechanisms in place that can help establishing the linkage between the supplier’s products with that of the Firm’s production processes. Further, it helps in achieving Economies of large scale production. It can focus upon efficient order sizes and seek the advantage of the low cost transport carriers owing to the bulk distribution of goods. Further, the products are so priced that generates favorable higher sales volumes.

  • Example would be the Stokes group (U.K.) in January 2006

   - focused on passenger cars segment

   -supplied to global major OEM  

  • Schoneweiss (West Germany) in December 2006

    -high class production facilities

   - focused on truck and automobile segments

  • JECO Forgings (West Germany ) in November 2006

   -Highly diversified product range

   - Mainly catered to truck segment

   -High customer orientation in designs facility

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