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

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
"Brand standardization has many benefits." Counter this statement with reference to international advertising and provide an...
"Brand standardization has many benefits." Counter this statement with reference to international advertising and provide an example.
what is the need for human resource to balance global standardization with localization of human resource...
what is the need for human resource to balance global standardization with localization of human resource management in host countries.
Discuss the principal considerations in international management decision-making and control processes, as illustrated in the Chapter...
Discuss the principal considerations in international management decision-making and control processes, as illustrated in the Chapter 11 opening-discussion case, “Global Online Retail: Amazon v. Alibaba.” Please post your Discussion based on the following questions: 1) How might differences in national and corporate culture impede timely decisions and control processes among existing and potential competitors in online retail? 2) To what extent should total quality management and quality control be considered when establishing an online retail presence or contracting with another...
write a paragraph in your own word about 12.1 How global marketing management differs from international...
write a paragraph in your own word about 12.1 How global marketing management differs from international marketing management
What are the benefits of international diversification?
What are the benefits of international diversification?
What is International Management and Cross Culture ?
What is International Management and Cross Culture ?
In strategic management what are the benefits and challenges?
In strategic management what are the benefits and challenges?
What are the benefits of global expansion for retailers such as Wal-Mart, McDonald's, etc. ? What...
What are the benefits of global expansion for retailers such as Wal-Mart, McDonald's, etc. ? What problems might they experience, if any?
what is the strategic management of the global business? explain with an example.
what is the strategic management of the global business? explain with an example.
Using the SARS-CoV-2 tests, explain the processes required for scaling up production of the newer diagnostic...
Using the SARS-CoV-2 tests, explain the processes required for scaling up production of the newer diagnostic testing in a global pandemic and regulatory processes required for use of new diagnostic tests for COVID-19 within Australia, Europe and the United States of America. This section is to describe the some of the manufacturing challenges associated with meeting the rapid demand for tests during emergency or disaster management. Diagnostic tests require regulatory approval by FDA (US), TGA (Australia) and CE (European Union)....