Globalization: Markets, Production, Institutions and Backlash
Globalization: Concept and Market Trends
Globalization (Glob): Refers to the trend towards a more integrated global economic system.
Globalization in Markets
Glob in markets: The merging of historically distinct and separate national markets into one huge global marketplace. Tastes and preferences of consumers in different nations are converging toward some global norm (examples: Coca‑Cola, Starbucks, Sony PlayStation, and McDonald’s). However, most highly globalized markets are industrial goods
Read MoreIntegrated Child Development Services, DEMAT Accounts, and Corporate Finance Concepts
Integrated Child Development Services (ICDS)
ICDS is a crucial program in India focused on holistic child development. It stands for Integrated Child Development Services. Launched in 1975, it is a flagship social welfare scheme of the Government of India.
It is one of the world’s largest community-based programs, aiming to provide a package of services for the holistic development of children under the age of six, along with their mothers. The services are delivered primarily through a network of
Read MoreSales and Distribution Management Strategies
Functions of a Distributor
Inventory Management and Warehousing: The distributor purchases products in bulk from manufacturers and holds the inventory in their own warehouses. This function ensures products are consistently available to retailers, balancing supply with fluctuating market demand and reducing the storage burden on the manufacturer.
Logistics and Transportation: They manage the physical movement of goods, organizing transportation from the manufacturer to their warehouse, and then to
Read MoreScaling Success: Growth Strategies for Entrepreneurs
Defining Growth in Entrepreneurship
In the context of an entrepreneurial venture, Growth is defined as the sustained expansion of a company’s operations, revenue, market share, customer base, and overall organizational capacity over time.
It signifies the successful transition from the initial startup phase (focused on survival and product-market fit) to a more mature phase focused on scalability and sustainable profitability.
Key Metrics for Measuring Growth
Growth can be measured using various metrics,
Read MoreOrganizational Environment, Culture & Leadership in Global Business
Organizational Environment
Internal Environment – Inside the Company
All internal elements are interconnected and influence how efficiently the company works. These are factors the company can directly control:
- Mission: Defines the company’s purpose and direction.
- Management and Culture: Leadership style, values, communication, and work atmosphere.
- Structure: How the company is organized (departments, hierarchy, coordination).
- Resources: Human, financial, physical, and informational resources.
- Systems
Inventory & Logistics Glossary: Essential Supply Chain Terms
A
ABC Analysis
Assigns items to groups (A, B, C) based on value and importance.
Example: A = laptops, B = keyboards, C = mouse pads.
Accumulation
Receiving goods from multiple sources.
Example: A DC receives shipments from 10 factories.
Activity-Based Costing (ABC)
Assigns cost based on activities, not departments.
Example: Shipping-heavy customers show higher cost-to-serve.
Allocation
Matching inventory to customer orders.
Example: DC allocates 50 units to a customer order.
Anticipatory Stock
Inventory held
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