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1 TM C Assignment 1 How Big Global Businesses Compare
1 TM C Assignment 1 How Big Global Businesses Compare
1 TM C Assignment 1 How Big Global Businesses Compare
STUDENT NAME
NAME OF THE INSTITUTE
ASSIGNMENT 1
Contents
Introduction................................................................................. 3
Analysis....................................................................................... 3
Three models of culture.......................................................................4
Type of economic system.....................................................................4
Differences in economic development of countries................................5
Leading the company..........................................................................5
Global changes....................................................................................6
Conclusion...................................................................................6
References................................................................................... 8
ASSIGNMENT 1
Introduction
There was a time when companies used to operate in domestic market only. That was the
time when competition was limited. With globalization and spread of technology, organizations
have expanded to international geographies. Today, competition has increased and as a result
organizations have to continuously evolve. The industries such as automobile industry, cell
phone industry, hospitality industry have their presence in almost every part of the world
(Sackett, 2007). The organizations operating in these industries would also have their presence
across multiple locations. These organizations would have to deal with people from multiple
cultural backgrounds. The selected industry for this paper is cell phone industry. There has been
a tremendous growth in this industry. The three competitors that would be discussed in this paper
are:
Apple: It is an American multinational that is known worldwide for its innovative products. Its
cell phones, I Phones are huge success in the market.
Samsung: It is a Korean multinational that is known to produce the quality smart phones ate
minimal price.
Nokia: It is a multinational company based in Finland. The company is known for its robust and
user friendly cell phones.
ASSIGNMENT 1
Analysis
Cell phone industry is highly competitive industry. There are lots of players that operate
in this industry. The companies operating in this industry have targeted the customers from both
developed and developing nations.
ASSIGNMENT 1
Apple: A capitalistic economic model is recommended for Apple because in capitalistic model
people can earn and spend based on their capability.
Samsung: A socialist economic model is recommended for Samsung because in an socialist
economy the focus is on development of all.
Nokia: It is one of the companies that started the cell phone revolution. The products of Nokia
are liked by people of all generation in all the economies, provided the prices of product does not
go up too high.
ASSIGNMENT 1
Action 3: It is recommended that these companies should also focus on after sales service as
customers may want to use cell phones for longer time periods.
Global changes
If I were at the top leadership position at Apple, I would recommend following two
changes:
Change 1: Apple must focus to increase its presence in developing parts of the world. For
example, the company has large number of stores in USA but it is difficult to buy the I-phone in
India. The marketing strategy in India should be based on the large number of retail stores that
should be established in India.
Change 2: Apple must focus on social media marketing. In this era of high competition,
companies can reach out to customers through social media marketing. The platforms like
ASSIGNMENT 1
Facebook and Twitter should be explored in order to reach out to customers. It would help Apple
to develop rapport with customers.
Conclusion
The above paper discussed the cultural impact in cell phone industry. The competition is
high among Apple, Samsung and Nokia and all these companies should understand the pain
points of customers before targeting the customers in developed and developing parts of the
world.
ASSIGNMENT 1
References
Carraher, Shawn M., Whitney Gibson, Jane., Buckley, M. Ronald., (2006).
Compensation satisfaction in the Baltics and the USA. Baltic Journal of Management, Vol. 1 Iss:
1, pp.7 - 23
De Corte, W., Lievens, F., & Sackett, P.R., (2007). Combining predictors to achieve
optimal trade-offs between selection quality and adverse impact. Journal of Applied Psychology
92(5), 1380-1393. Retrieved March 6, 2009, fromhttp://web.ebscohost.com.library.capella.edu
Von Bergen, C.W., T. Mawer, William., (2005). The U.S. FairPay Overtime Initiative.
Managerial Law, Vol. 47 Iss: 3/4, pp.219 - 231