This paper provides an overview of Carman's Kitchen and explores the impact of globalization on the company's international operations. It discusses the risk factors and consequences of globalization on the company.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: GLOBALIZATION ON CARMAN’S KITCHEN GLOBALIZATION ON CARMAN’S KITCHEN Name of the Student Name of the University Author Note
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
1GLOBALIZATION ON CARMAN’S KITCHEN Executive summary This paper is going to give us an over view of the company Carmen’s kitchen and talk about the impact of globalization on the company Carman’s kitchen and the changes in its international operations due to the impact.
2GLOBALIZATION ON CARMAN’S KITCHEN Table of Contents Introduction................................................................................................................................3 Discussion..................................................................................................................................3 Overview of the company......................................................................................................3 International Operations of the company...............................................................................3 Risk factors of the company...................................................................................................3 Consequence of Globalization on the company.....................................................................4 Justification and explanation of the risks of the company.....................................................4 Conclusion..................................................................................................................................5
3GLOBALIZATION ON CARMAN’S KITCHEN Introduction Globalization has paved way for companies to expand their products or companies in other foreign countries to dominate the global market that lead to the profit of the company. This paper is going to talk about the impact of Globalization on the company Carman’s kitchen and the change in their international operations. Discussion Overview of the company Carman’s kitchen is a company that is famous for their nutritional and healthy product (Volkova and Mhurchu 2015). The founder of the company is Carolyn Creswell. The popularity of the products under this brand has paved way for making Creswell the owner of a $50 million company(Carmanskitchen 2019) International Operations of the company The breakfast and gourmet ranges by the company are loved by everyone in Australia and around the world. They export their products in some countries in the Middle East and some countries in the Asia Pacific. They are also available in many online sites like Amazon that helps to reach a wider network of people. Risk factors of the company One of the risk factors that can harm the company is the high cost of the products in comparison to other local products available. The other risk factor is the growing competition in the market. There are many other brands that are offering muesli products at a cheaper rate. The other risk is the private labels that are placed in super markets. The idea of good quality product is expensive is slowly washing off thus low cost products are in demand these days
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4GLOBALIZATION ON CARMAN’S KITCHEN Malysheva et al 2016).The private labels offer muesli products like Carman’s kitchen at a cheaper rate. The other important factor of the company is the lack of experimentation in expansion (Thvil 2014). The company provides muesli products and other nutritional products. However, very little experiment can be done here. Consequence of Globalization on the company The globalization of the company has been beneficial for Carman’s kitchen has benefitted them immensely. The small company has become a million dollar company because of the popularity and the sales all over the world. Globalization has paved for creativity and innovations. This has impacted the company Carman’s kitchen as well as the company use to only produce muesli products(Henriksen, Richardson and Mehta 2016).After the popularity and the good sales there was an increase in the demand of products. This was the main driver for globalization and this made the company to take creative decisions as to how they are going to bring new variations to the products to cater to a wide area of people and market. Previously they produced muesli products and now the company has a range of breakfast and gourmet products like porridge oats, nutritional bars, nut bars, grain crackers, protein bars and many more. Justification and explanation of the risks of the company The company Carman’s kitchen is a success however it has some risk factors that can affect the company in terms of globalization. The costs of the products are going to become a problem as all countries do not have the same standard of living. The cost should be changed in terms of the standard of living of the country. There are many super markets that have a tie up with brands that give them the products to put in the super markets. These products are available to the super markets at a very less rate. The super markets also have their in house brands that they put up in the market. The lack in creative products in the market has become
5GLOBALIZATION ON CARMAN’S KITCHEN a risk factor. There are brands that are coming up with different flavours to give a tough competition to Carman’s kitchen(Bowen, Baker and Powell 2015). Conclusion Carman’s kitchen has garnered a lot of appreciation because of the creative products made by nutritional cereals and has helped health conscious people in a big way. The impact of globalization has been economically beneficial for the company as the company has become a million dollar company and acquired a loyal fan base in the market locally as well as internationally.
6GLOBALIZATION ON CARMAN’S KITCHEN Reference Bowen, H.P., Baker, H.K. and Powell, G.E., 2015. Globalization and diversification strategy: A managerial perspective.Scandinavian Journal of Management,31(1), pp.25-39. Carmanskitchen (2019).The Carman's Story So Far | Carman's Kitchen. [online] Carmanskitchen.com.au. Available at: https://www.carmanskitchen.com.au/our-stor [Accessed 6 Apr. 2019]. Henriksen, D., Richardson, C. and Mehta, R., 2016. Thinking Skills and Creativity. Malysheva, T.V., Shinkevich, A.I., Kharisova, G.M., Nuretdinova, Y.V., Khasyanov, O.R., Nuretdinov, I.G., Zaitseva, N.A. and Kudryavtseva, S.S., 2016. The sustainable development of competitive enterprises through the implementation of innovative development strategy. International Journal of Economics and Financial Issues,6(1), pp.185-191. Rzepka, A., 2017. Inter-organizational relations as a one of sources of competitive advantage of contemporary enterprises in the era of globalization.Procedia engineering,174, pp.161- 170. Thyil, V., 2014. Distinguishing Features of a Sustainable Business Model in the Food Industry.Business Journal for Entrepreneurs,2014(1). Volkova, E. and Mhurchu, C.N., 2015. The influence of nutrition labeling and point-of- purchase information on food behaviours.Current obesity reports,4(1), pp.19-29.