Globalisation and Integration (clothes industry) essay Outline

Globalisation and Integration (clothes industry) essay - Outline Example disinterest, imbalance in the economic structure and downfall of local industries often remain unnoticed in the race of trendiness and fashion craze in the clothes industry (Graziani, 1998). Globalization and integration in the cloth industry has pushed back local manufacturers of textile products and has also augmented the trend of child labor in the development countries (Ramdass & Kruger, 2011). Tough, the evolution of technology and trade liberalism has benefited many companies, but there always remain a darker side of it which should be addressed to make it a truly beneficial industry for small enterprises and individuals too (Graziani, 1998). A common practice today in the cloth industries is the use of media for brand promotion. This is also the fruit of globalization and integration in businesses, which has shown enormous tools to reach the market first. This has increased customer awareness about all latest brands and design in the market and has given more flexibility in customer’s choice. Moreover, companies have been able to market internationally due to the technological enhancement which brings all the people at one common platform (Jan, 2009). The use of billboards’ advertisements and promotion through magazines, and social media gives more hype to the brand name and builds customer motivation. However, the matter of concern arises when the company charges extra to customers for covering their heavy expenditures of marketing and advertisements. Therefore, the same quality of product is then available at much higher prices than its actual cost (Jan, 2009). Taking parallel the rising competition in the market, companies cannot keep a big margin of profit in their textile products and thus chooses ways of child labor and minimal health precautions to reduce their overall expenditures. The term relocation has become very common in the cloth industrial, where a company takes services from developing and low economy countries for cheap labor

Business report Essay Example | Topics and Well Written Essays - 2500 words

Business report - Essay Example Abstract: This report looks at the influence culture has had on the world of business. The report closely examines the methodology used to conduct business between different companies with different origins of country. The report focuses on the communication barrier that is caused to due to the difference in the two cultures and the main issues that arise when conducting business. The report discusses the rules suggested when negotiating, the various phases of a negotiation and the steps that need to be followed while conducting business with organizations from different cultures. The report concludes stating that conducting business in a country according to the cultural norms of that country dramatically improves the chances of success. Foreword: With the concept of multinational business on the rise there is a need for many to effectively communicate with individuals from different parts of the world having different backgrounds, beliefs, and cultures. Organizations have to be pre pared when they conduct business in different countries. ... Aims: The main aim of this report is to discuss the various cultural and communication issues that arise while conducting business in different countries and particularly in UAE. The report also aims to provide various approaches that can be made to ensure success within the business world of the United Arab Emirates. Introduction: Effective communication is important for an organization to function and perform day to day activities smoothly. The expansion of business to different geographic locations around the globe has brought new challenges for the business world. The difference in customs and languages causes difficulty in effective communication within an organization. Cross cultural communication relates to an area of study that deals with communication between different individuals from different cultural and ethnic background. The main issue that arises in cross cultural communication is the different language being used in different countries. The second is proper advertisi ng and understanding the targeted audience of a particular country. The third thing to consider would be the norms of the culture. Fourth would be their customs. Last would be the political influences within a country. These five factors should be addressed when conducting business overseas or when employing individuals from different ethnic and cultural background. Issues: Language barrier Language barrier is a term used to describe the difficulties people face when they do not have a common language to communicate. To counter the effects of the language barrier either one of the two parties or both have to learn a new language. The services of an interpreter can be sought