Evaluating Communication and Decision-Making Doc

Added on - Nov 2020

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Electronics Company in Vermont
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Advantages and disadvantages different types of global sourcing and identify areas inorganisation that may benefit from a form of sourcing and how global sourcing could impactexisting issues..............................................................................................................................12. Description of the in-house management and discussing qualifications and characteristics tobe sought when recruiting and hiring international management team......................................23. Describing solutions to overcome cultural and ethical concerns and negotiating culturalconflicts.......................................................................................................................................44. Evaluating communication and decision-making and identifying managerial philosophiesand the technology for keeping remote employees in a loop......................................................45. Evaluating whether globalization of production and expansion can improve competitiveadvantage while reducing costs...................................................................................................56. Summary of recommendations...............................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8
INTRODUCTIONGlobalization has paved the way for free flow of goods across countries. Sourcing is oneof the integral part of globalization which is useful for company for enhancing production atlower costs. Present report deals with Dynapower, an electronics company in Vermont which isfacing with lower customer base as goods are priced high. Advantages and disadvantages ofdifferent types of global sourcing will be discussed. In-house management will be discussedalong with qualifications and characteristics of employees to be sought when hiring them.Cultural and ethical concerns will be ascertained. Managerial philosophies for keeping remoteworkers in a loop will be enumerated. Moreover, globalization benefits for improvingcompetitive advantage will be evaluated. Lastly recommendations will be provided to CEO tounderstandbenefits, risks, and changes necessary to company.MAIN BODY1. Advantages and disadvantagesdifferent types of global sourcing and identify areas inorganisation that may benefit from a form of sourcing and how global sourcing couldimpact existing issuesThe different types of global sourcing along with their advantages and disadvantages areas follows-Low-cost country sourcing (LCCS)-It is quite effective sourcing strategy in which organisation sources materials from low-cost countries where production and labour costs are lower.AdvantagesIt cuts down operating expenses for production.Improve in manufacturing capacity and logistics benefits (Lasserre, 2017).DisadvantagesFinancial and political risks in relation to emerging economies.Labour issues due to fewer wagesOffshore outsourcing-1
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