Global Forces of Change Essay Example for Free

Global Forces of Change Essay1. From the case facts, describe how globalization and technology have influenced the business directions of GE Medical Systems. engine roomSince new requirements in healthcare business had been emerged, in the market it is essential to implement personalized medicine to support specific client not toilet population. Moreover, trend on find the way to prevent sickness is more concerned than to heal. This is extensive challenge to medical equipment manufacturers whether which company can find the trounce technology to support these requirements. GE believed that the best technology would always win in the marketplace so they responded to these requirements by investing more on RD and in like manner product design. As the result, corporate RD exposeed some new products which replace need of existing product, for example, digital detectors for X-ray machines that would replace the need for X-ray film. globalisationGlobalization increases connecti vity and interdependence of the worlds markets and businesses. Emerging middle-classes of Asia, Eastern Europe and Latin America is also an opportunity for healthcare company like GE to fatten up their markets, increase sales and profits. Beside of sales side, GE can also reduce their manufacturing cost by shifting manufacturing from high-cost countries to low-cost countries. This would increase their competitive advantage.2. Identify potential projects by which a company dealing in Healthcare and Medical Diagnosis like GEMS can profitably ride the waves of globalization, liberalization and technology. * Shifting manufacturing report from high-cost countries to low-cost countries in order to reduce production cost. * To develop healthcare IT system, this is to manage necessary data systematically such as patient data, intervention record etc. This is also helpful for diagnosis. * To apply Free Trade Agreement with emerging countries in order to facilitate access of healthcare pro ducts. * scour general needfully of customers in healthcare in each country is same but there are some specific requirements which are required individually so GEMS should not neglect RD in each local market. Hiring local staffs is an effective alternative since local people might understand needs in their society well. * RD is vital since technology changes every day. GEMS should keep investing on find out the way to increase effectiveness of their equipment and also invent new products which can replace existing one.3. Describe the world do you envision in 2050, especially with China and India likely to take center-stage? Touch on the economic, political, social and cultural adaptation that you think can take place. According to many reports show that over the next 50 years China and so Indias economies depart overtake US. Large and growing market opportunities in China and India are widely seen and understood as evidenced by the coarse flows of foreign direct investment to C hina, both for the domestic market, but also to use China as a low cost platform for exports to the recess of the World. China is communist. Due to their political characteristics, control in a repressive way substantial part of the economy, especially the financial sector that brought about massive imbalance.A centralized decision-making process, although discretionary would presumably ease political action by by-passing all types of necessary approvals from a parliament or congress in a democratic system. So changing of Chinese government would possibly change the world. About social and culture, as foreign companies would base their manufacturing in China, skill local culture would be very important in order to have smooth operation and avoid any conflict. China language will become as vital as English. On the other hands, due to growing of China economic dominance, Chinese people will also broadcast over the world. Their culture will unavoidably absorb to everywhere. We have no choice but adapt with it.