Impact of Globalization free essay sample

It has gradually evolved from the 1970s after the advent of different forms of high speed transportation and communication to the age of information technologies around the millennium, to make a single unified community where all the major sources of various social conflicts have disappeared (Scheuerman, 2010 and World Regional Geography, 2009). There are several ways of defining Globalization. As defined by Dr. Nayef R. F. Al-Rodhan (2006), â€Å"Globalization is a process that encompasses the causes, course, and consequences of transnational and transcultural integration of human and non-human activities. The effects of Globalization are manifold. It influences industrial sector, financial sector, labour markets and consumers of a particular country. On one hand it gives rise to more jobs and industries, however, on the other hand, countries are becoming dependant on the other country for a specific product/raw material. Additionally, because of outsourcing jobs from developed economy are being transferred to the developing economy, which has a negative effect on the developed economy and positive on the developing economy. We will write a custom essay sample on Impact of Globalization or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 2. 2 Consumer Packaged Goods and Globalization Consumer Packaged Goods (CPG) are sold at relatively low price and are non durable goods like grocery items, soft drinks etc. Large CPG manufacturer has an advantage of strong brands, greater geographical coverage and having major retailers. CPG industry is affected by the change in fashion, fads and consumer preferences, which in turn effects the purchasing decision of a consumer. Therefore, I believe that in the fast and ever changing world of Consumer Packaged Goods (CPG) it is imperative to discuss the effects of globalization on this industry. Additionally, there is immense pressure and intense competition between the manufacturers globally to fulfill the demand of consumers. 2. 0 Impact of Globalization on CPG Industry 3. 3 Costs and Benefits of Globalization on CPG Industry There are diverse ways in which globalization impinge on CPG industry. Some are beneficial for the industry and some aren’t. The good side of globalization is explained as follows: a. Profits from emerging markets: Procter and Gamble in year 2006, showed a total sales of US $ 68 billion, out of which US $ 21 billion was from emerging markets. Additionally, from 1992 to 2006, globalization has boosted the American economy by US $ one trillion in Gross Domestic Product (Veiders, 9th July 2007, Supermarket news). b. Consumer’s advantage: The consumer gets the advantage of choosing from wide variety of goods, in addition to the comparative advantage. Additionally, the offshore markets are producing goods at a price which is lower than the domestic production of a particular country. Though this is an advantage to the consumer, this could hamper production and associated profits in some countries (Oline Thompson, 2006, CPG Manufacturing) c. Foreign capital access: Foreign capital access is the main driving force of globalization. This in turn increases the investment power of a particular country to produce better produce economically (13th February, 1996, WTO News (press releases). The other side of globalization illustrates some problems faced by CPG Industry: a. Cultural disparity: A product that might be a necessity in one country might not be even known or used in the other, which would have a negative effect on the CPG industry while trying to encourage its use in a particular country. To cite a salient example, Brazilians usually don’t have breakfast, because they sleep late at night and consumers in China for breakfast eat hot, soft and savoury, while the North Americans love cold, crunchy and sweet breakfast. This was the difference analyzed by Kellogg Company in 2007 (Veiders, 9th July 2007, Supermarket news). b. Global Competition: In this fast paced environment any CPG company have to constantly innovate and differentiate their product, to maintain or increase their market share. Every year large number of new products are being roduced and capture the shelve space of the existing labels and compete with them.

Kindred Spirits Essays - Collin, Bogle, Free Essays, Term Papers

Kindred Spirits Essays - Collin, Bogle, Free Essays, Term Papers Kindred Spirits The Bogles Collin Bogle grew up in Northwestern Washington. As a kid he liked to spend his time outdoors, fishing, roller-blading, or riding his mountain bike. His father, Lee Bogle, was an art teacher in high school and even when Collin showed extraordinary artistic abilities it was still thought that he would be an accountant. Lee Bogle was absolutely amazed with Collins ability. Today both Lee and Collin Bogle are professional artists. Both father and son live in Seattle and live 10 minutes apart. They both excel at realistic detail, if you saw their art, however, no one would guess their close connection. Lee Bogle, after painting wildlife subjects most of his life, has moved back to his first love- the human figure. He is best known for his Native American depictions in flowing backgrounds. Now he has shifted to ballet dancers. Unlike his father, Collin Bogle has moved toward wildlife. He takes adventures through the woods near his house with a camera looking for surprises. Drawing and painting were major passions for Lee Bogle, even in childhood. He pursued his art during evenings and weekends for twenty years while teaching during the day. He worked in stained glass, pottery, and even dipped into sculpture. His portrait work provided supplemental income for the family. As the demand for his prints increased, the tedious hand-coloring process consumed his time. So he hired Collin, his teenage son, as an apprentice. He assisted his father for several years, learning color and many techniques. Next, Lee experimented with oil pastel drawings against the free- form colors of the wash. He found the combination of abstract backgrounds and detailed drawings suited him. Eventually he moved to human figures as subjects. When Collin was still young he never imagined a career in art. Even after winning the most likely to succeed in art award he still never imagined pursuing anything. It wasnt until one of his fathers first publishers saw one of his paintings and asked him to do a print that he realized his capabilities. In order to get to his goal of being a professional artist Collin used to always ask his father to critique his paintings. Nowadays its gotten to the point where Lee is sometimes asking his son for advice. Most of Collins paintings start with extensive photography. He can sometimes spend up to twenty minutes photographing the same tree. He likes the peacefulness and freedom of being alone in the nature. Even though Collin may seem like a down to earth kind of guy, his techniques for composing his paintings are very modern. He usually starts by getting an idea for his next work on his computer. He will scan his photographs of animals and scenery into his computer and take it from there. He sometimes likes to change positions of objects, reverses images and adjusts sizes, colors and brightness. Usually to begin a painting Collin will airbrush the canvas a few tones darker than he wants the finished product to look. Then he works from dark to light using colored pencils and finishes with water based pastels. This technique has proven to make his works go by muck quicker. Collins most well known skill is the ability to portray lighting in a very dramatic way. He considers this extremely vital to any composition. The advantage that Collin appreciates most is having an artist for a father. When Collin was nervous about some of his first shows Lee was always there for him to provide support and advice. At the age of twenty- five Collin has never held a full time job other than being an artist. Even though Collin has experienced a very early success he is still humble and aware of who helped get to where he is. Lee Bogle is very proud of his son not because he is a good artist but because he is a good person. Opinion I thought that this article was very touching. Its an exciting story about a good relationship between father and son. Its amazing how they both can stay very honest to each other and offer constructive criticism without getting caught up in the relationship as father and son. It makes for a good balance that can only have an outcome

10 Activity (Speech) Reports Essay Example | Topics and Well Written Essays - 5000 words

10 Activity (Speech) Reports - Essay Example He also worked alongside United States President Barack Obama, serving on the Presidential Transition Team where he served as the economic agency review group head. He has worked extensively on international law policy and has also authored a number of books that discuss the relationship and impacts of foreign economics such as In China’s Shadow: The Crisis of American Entrepreneurship where there is a direct impact that since a lot of business and manufacturing has shifted to China, it directly impacts the United States because of lost jobs and wages for the people in America. Firestone is the executive director of the Aspen Institute Communications and Society Program and has worked extensively on how new communications policies models are important. With globalization of the economy, it is necessary for all people to remember to be aware of other cultures, their technologies, and ability to communicate and be socio-economic when dealing with other countries. As an attorney, he worked at the Federal Communications Commission as well. He has also penned several books including Digital Broadcasting and the Public Interest and Television and Elections. Hundt and Firestone delivered a message that discussed that the network economy is part of the economy in which it is part of the society of information. Nothing is localized anymore. Especially with communication through social media, there is information available to people at any given time, all across the world. Of course, with Firestone’s background as an attorney, he offered information discussing the different policies across the world. Although each country may be working together, each one may have different policies in regards to the economy. Every country has its own set of laws and it is important to be mindful of them. In this discussion, it was quite informative that in regards to a