A multinational company maximises its competitive advantage by Essay

A multinational company maximises its competitive advantage by controlling its own supply chain. Discuss - Essay Example According to Caves (2007) any business, which has showed potentiality of having varied number of chain stores located in different parts of the world is capable of achieving adequate economies of scale such as timeliness, humble use of global resources and market dominance amongst other aspects, which can only be relevant to the maintenance of supply chain. Globalization and FDI The globalization of commerce has a major impact on modern business (TOMAR, 2009). Globalization affects the way business is carried out and the geographical area where a business can operate. With globalization, even small businesses are able t operate in the global arena, which then leads to Foreign Direct Investment. Foreign Direct Investment affects and in turn is affected by the supply chain. It also affects the supply chain decisions which a firm is likely to make with regard to whether they are going to manage their entire supply chain or if they are going to outsource the supply chain to a third part. With regard to choosing a supply chain model, businesses look for the model which will offer them strategic edge over their competitors. It is therefore not a matter of choice, but it is a matter of choosing the most efficient way of survival in a marketplace that has been made even more competitive by the existence of globalization. Issues of competitive advantage simply entail an organization being able to dominate the market over other firms who trade in the same line of product. Firms that have numerous numbers of chain stores in different countries have got potentials of achieving increased sales volume. Besides proper choice of the location of an industry is the most practical way of distribution of production cost. Therefore, with very minimal cost of production a company can easily enjoy the competitive advantage. Moreover, with several advantages associated with supply chains, the company would be left with principal mandate of concentrating on other internal aspects of pr oduction, and this makes appropriate benefit to the maintenance of supply chain by an organization (working mother, 2001). The Coase Theory of Transactions Costs and Decisions Making The Coase theory postulates that in the absence of transactional costs, businesses would be able to share the property space without having to worry how resources are allocated (Jager, 2008). In regard to the supply chain, what this means is that if there are no negotiation costs between two firms which are at different levels in a single supply chain, the two firms would not mind continuing to depend on each other to complete the supply chain. The Coase theory was developed by Ronald Coase who tried to understand the free markets and why regulations are not necessary. According to the Coase theory, an organization would only then choose to control all its supply chain if there were costs of negotiating the terms of service with other firms in the supply chain. If these costs of negotiation do not exist , the costs of outsourcing some of the supply chain would not hinder a firm from outsourcing. In fact, according to the Coase theory, where transactions of negotiations do not exist, the two (or more) firms in a supply chain would naturally gravitate to the most efficient relationships with the most efficient supply chain. This implies that in the abs

The Emergence Of Jazz Essay Example | Topics and Well Written Essays - 750 words

The Emergence Of Jazz - Essay Example It is at this age that the jazz music took over the country, and one would imagine that the Englishmen appreciated the culture of the Blacks. With 1919-1930 regarded as the Harlem Renaissance thanks to the spread of the culture of the Blacks, Jazz music spread exceptionally4. However, the Europeans would grab a section of the Jazz music lovers as they moved their music from New Orleans to Chicago so as they could accrue economic gain from their music5. It is evident that these whites enjoyed a huge deal from the Jazz market as it was crowded by African Americans in the times. For the Europeans, jazz music was a continuation of their Blues music. As seen in the work of Scaruffi, jazz musicians were simply singing like the Blue singing groups only that they played instruments as opposed to using their vocals6. The creativity in jazz music was then similar to that of the blues music. The voices of the musicians were simply fashioned to sound like that of the instruments. The instruments used explain what jazz music was for the Europeans and how the sounds played the role of the voices in the music7. The events that shaped the 1919 war played a huge role in the making of jazz music. The Europeans were motivated by their zeal to rise to power, and also they needed to define their style. Fitzgerald says that the generation of the time included teenagers in the course of the war and the events of the war motivated the youth and the jazz artists8. The war is still clear in the brains of numerous Englishmen. With this in mind, the jazz musicians then had the need to stimulate the nerves of its listeners. Fitzgerald says that the youth of the time were wild, while new types of audiences rose from the war9. Barker and  Barbara add that there involved the wealthy middle class’ kids, servicemen, bureaucrats, and women escalating to public service10. A close check of these audiences entails gender and class.