BBC

Globalisation - good or bad?The accelerating pace of globalisation is having a profound effect on life in rich and poor countries alike, transforming regions such as Detroit or Bangalore from boom to bust - or vice versa - in a generation.

The world distribution of wealth and income is highly unequal. The richest 10% of households in the world have as much yearly income as the bottom 90%. Wealth - total assets rather than yearly income – is even more unequal. The rich are concentrated in the US, Europe and Japan, with the richest 1% alone owning 40% of the world's wealth. Poverty, on the other hand, is widespread across the developing countries - which have five-sixths of the world's population. But it has fallen sharply in China.

Many economists believe globalisation may be the explanation for key trends in the world economy such as:

• Lower wages for workers, and higher profits, in Western economies
• The flood of migrants to cities in poor countries
• Low inflation and low interest rates despite strong growth

And globalisation has played a key role in the unprecedented increase in prosperity in the last 50 years, which is now spreading from the United States and Europe to include many formerly poor countries in Asia, including China and India.

Coca-Cola & Primark Research.

Factory workers making clothes destined for fashion chain Primark work up to 12 hours a day for £3.50 an hour, an undercover BBC investigation has found.

11-year-old Mantheesh (right) and a young boy work sewing sequins and beads on to Primark tops.

 

 

 

What is Globalisation?

Lesson 5 what is globalisation from albinosmurf

What impact Globalisation has had on society and businesses.

How globalization affects business

By Kathrin Tschiesche | October 6, 2011

 

Globalization is a leading concept which has become the main factor in business life during the last few decades. This phenomenon affects the economy, business life, society and environment in different ways, and almost all corporations have been affected by these changes. These changes are mostly related to increasing competition and the rapid changes of technology and information transfer. To challenge these changes, companies need to keep in mind various aspects of the main effects of globalization.

Competition
Globalization leads to increased competition. This competition can be related to product and service cost and price, target market, technological adaptation, quick response, quick production by companies etc. When a company produces with less cost and sells cheaper, it is able to increase its market share.
Customers have a large multitude of choices in the market and this affects their behaviors: they want to acquire goods and services quickly and in a more efficient way than before. They also expect high quality and low prices. All these expectations need a response from the company, otherwise sales of company will decrease and they will lose profit and market share. A company must always be ready for price, product and service and customer preferences because all of these are global market requirements.

Exchange of Technology
One of the most striking manifestations of globalization is the use of new technologies by entrepreneurial and internationally oriented firms to exploit new business opportunities. Internet and e-commerce procedures hold particular potential for SMEs seeking to broaden their involvement into new international markets.
Technology is also one of the main tools of competition and the quality of goods and services. On the other hand it necessitates quite a lot of cost for the company. The company has to use the latest technology for increasing their sales and product quality. Globalization has increased the speed of technology transfer and technological improvement. Customer expectations are directing markets. Mostly companies in capital intensive markets are at risk and that is why they need quick/rapid adapting concerning the customer/market expectations. These companies have to have efficient technology management and efficient R&D management.


http://bookboon.com/blog/2011/10/how-globalization-affects-business/

Feedback.

Focus: Personal Media Consumption (27/01/13)

Strengths: 1.      You collated relevant data about your own consumption. 2.      You have considered whether your use is direct or indirect. 3.      You have looked at the typicality of your journal.

Areas for improvement: 1.      You need to ask for help when sourcing a product’s origin as it is vital to know this information when exploring Global Media. 2.      You need to collate your information and compare it against the use of others in order to determine our classes’ Global Media usage.

Resulting Actions  (student response):

Media Journal Evaluation.

 

 

 

 

 

This evaluation shows how there are 3 main origins of media in the world. They have become global and little companies don't get a look in. This shows theories and patterns.

Media Journal.

date date time Place of consumption Media product Country of origin Direct or indirect? 20/01/2014 Monday 6am-7:45am Radio 1 Tesco Everyday Value Cr-106R Clock Radio Direct 20/01/2014 6:30pm The Sun newspaper Direct 20/01/2014 7pm-10pm Facebook Messenger iPad 1 China Direct 20/01/2014 9pm-10pm Channel 4 (Benefit Street) Samsung Flat screen TV Direct 21/01/2014 Tuesday 6am-7:15am Radio 1 Tesco Everyday Value Cr-106R Clock Radio Direct 21/01/2014 8:46am-8:50am Instagram/ Snapchat Sony Xperia Miro China Direct 21/01/2014 10pm-10:30pm The Middle (Comedy Central) Samsumg flat screen TV Direct 22/01/2014 Wednesday 6am-7:45am Radio 1 Tesco Everyday Value Cr-106R Clock Radio Direct 22/01/2014 9pm-10pm Channel 4 (24 hours in A&E Samsumg flat screen TV Direct 22/01/2014 12:55-1:50pm Blogger Dell computer Direct 22/01/2014 5:30pm-6pm The Sun newspaper Direct 22/01/2014 6pm-6:30pm The Fenland Citizen newspaper Direct 23/01/2014 Thursday 6am-7:20am Radio 1 Tesco Everyday Value Cr-106R Clock Radio Direct 23/01/2014 8:40am Blogger Dell computer Direct	time	Place of consumption	Media product	Country of origin	Direct or indirect?
20/01/2014 Monday	6am-7:45am	Radio 1	Tesco Everyday Value Cr-106R Clock Radio		Direct
20/01/2014	6:30pm		The Sun newspaper		Direct
20/01/2014	7pm-10pm	Facebook Messenger	iPad 1	China	Direct
20/01/2014	9pm-10pm	Channel 4 (Benefit Street)	Samsung Flat screen TV		Direct
21/01/2014 Tuesday	6am-7:15am	Radio 1	Tesco Everyday Value Cr-106R Clock Radio		Direct
21/01/2014	8:46am-8:50am	Instagram/ Snapchat	Sony Xperia Miro	China	Direct
21/01/2014	10pm-10:30pm	The Middle (Comedy Central)	Samsumg flat screen TV		Direct
22/01/2014 Wednesday	6am-7:45am	Radio 1	Tesco Everyday Value Cr-106R Clock Radio		Direct
22/01/2014	9pm-10pm	Channel 4 (24 hours in A&E	Samsumg flat screen TV		Direct
22/01/2014	12:55-1:50pm	Blogger	Dell computer		Direct
22/01/2014	5:30pm-6pm		The Sun newspaper		Direct
22/01/2014	6pm-6:30pm		The Fenland Citizen newspaper		Direct
23/01/2014 Thursday	6am-7:20am	Radio 1	Tesco Everyday Value Cr-106R Clock Radio		Direct
23/01/2014	8:40am	Blogger	Dell computer		Direct