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Globalization according to Jeck Welch

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1. ORAL COMMUNICATION 2. Presented by : Ayesha Afzal (9077) 3.  Globalization : the process by which businesses or other organizations develop international influence…
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  • 1. ORAL COMMUNICATION
  • 2. Presented by : Ayesha Afzal (9077)
  • 3.  Globalization : the process by which businesses or other organizations develop international influence or start operating on an international scale.  Discernment: business savvy, cultural sensitive, and good old wisdom.
  • 4.  1. Is our globalization initiative a win-win?  2. Are we sending people with the single quality they need the most , discernment?  3. Are we being real about risk ?  4. Are we taking full advantage of our foreign foray`s upside out ?
  • 5.  Do we have something truly unique ?  We should know the needs and wants ?  Is our technology exceptional and revolutionary?  Can we protect from easily copied and quickly sold for less ?  He describe past, present and tell about China, and brands. Example: David`s bridal in US, Paul Pressler, swing in China and now in Srilanka.
  • 6.  1st year: Useless and in confusion.  2nd year: Beginning into relationships, local customers, and markets.  3rd year: finally functioning.  BOTTOM LINE: It needs to be play more than fair and plan for long term.
  • 7.  He describe about hurdles and difficult phase of foreign assignments, people and company`s decisions about sending heir employees.  We need to send a discernment person who can initiate, confident, move forward, good judge, respect local customs and norms.  Example: Disney in Japan, new idea of cheery greeters.
  • 8.  He also define different ways to manage global risk, which include compliance and making rules, that are strict, safer and productive and a very careful behavior towards negativity of society.  Example: BunnyWilliam a renowned interior designer and the challenges she faced.
  • 9.  Globalization is expensive and risky.  He define innovation greatly here.  Example. BunnyWilliam experience lacquer finish on local products.  Bottom line : Globalization is not just exporting or sourcing, its for learning and innovating.
  • 10.  Make every partnership a win-win.  Send only those people who have discernment.  Get sweaty about risk.  Expend yourself and be innovative. “GLOBALIZATION IS A PRETTY UNCOMLICATEDTHINGTO LOVE”.
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    Aug 15, 2017
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