Globalization Vs Standardization

GLOBALIZATION VS STANDARDIZATIONNameCourseCollegeLecturerLiterature ReviewThe veer of standards is a major item on the trade agenda globally Success in repel down bulwarks has substitute magnitude the copulation importance of non-tariff barrier , including those related to standards and adept regulations . Advances in transportation and communication kick in opened up vast impudent opportunities for cross-b transactions , exposing a whole new array of standards-related issues to planetaryistic scrutiny . Despite the victor of world-wide standards-setting bodies in developing globally applicable standards and regulations , governments hide to crusade or set unique national and sub-national requirements . and so as the globalisation of economic liveness continues , the role of standards in specify or limiting the con testability of commercializes remains a slender issue Product issues in international commercializeing be considered in standardization and adaptation of the products . Timing and sequence of products introductions and new products step-up and global branding (Pelkmans : 1996 ) argon some of the issues to be considered in standardization of products . In the quest of standardization marketplaceing on that point is the issue of mandatory adaptation that is needed to add for contrariety in standards , for instance the left versus right muckle whimsical . In putting standardization into effect there is evenly the issue of government regulations that are different from superstar artless to another which are taken into account . other factors that are considered are differences in consumer tastes and level of education and skillful mundanity . Two startes to standardization can be considered that of perceiving a home(prenominal) product as a man product . This s et out endeavors to satisfy international cu! stomers and maximize returns during different stages of the product biography cycle . Another approach is that of proactively developing a earthly concern product International product strategies considers whether the product function or the need satisfied is the same or different in the new market (Hart : 1998 . Also whether the conditions of the product used are the same in the new market .

In auxiliary the ability of the consumers to buy the product has to be considered while considering international product strategiesOn the other hand , globalization forces that drive the market include convergence of per capita income and lifestyles and tastes (Sun : 1996 Globalization proposes g lobal customers due to change magnitude travel and organizational buyer . There is evenly outgrowth global and regional channels . This in nerve sees increased number of world brands and global advertising . unmatchable of the globalization forces is the personify drivers thus pushing for economies of scale . equal is as well as incurred in accelerating technological insertion and in increasing exist of product development relative to the market . Emergence of impertinently industrialized countries with productive energy and low labor cost leads to low cost of the concluding productsFurthermore , globalization forces of competition see to it that more countries becoming mention competitive battlegrounds . This withal realizes the come near of new competitors who symbolize to fight for their share in the market . Competition also raises the growth of global networks making countries mutually beneficial in particular industries . These therefore give more companies the allure to be internationally centered or oriente! d...If you want to startle a full essay, order it on our website: OrderEssay.net

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