Globalization, Business, and Planning: Key Concepts

Globalization and Economic Factors

Globalization encompasses economic globalization (global business), the economy of communication and knowledge. Two key factors drive this: new knowledge production and communication (innovation), and the Internet as a new form of organization.

It should adapt the fundamentals of business function.

Internet's Impact on Companies:

• Better communication with foreign entities (cheaper, faster, and improved economic management and operation).
• Greater choice of investment and financing (no frontiers thanks to the Internet).
• Increased labor productivity (flexible working relationships).

Interconnection Between Companies and Institutions:

• Improved customer relationship provider (intensifies and facilitates communication).
• Electronic banking (the company can monitor their accounts and take steps).
• Official paperwork (delivery of official documents, etc.).
• Information and advice (legal aspects).

Classification of Plans

• Goals: Fundamental business purposes.
• Objectives: Less important things (objectives / sub-objectives).

When establishing goals, consider:

• They must be realistic.
• Prioritize goals and subgoals.
• Objectives should be achieved with the fewest consequences and costs (social).

Maslow's Hierarchy of Needs: Physiological needs, safety, social, self-esteem, self-actualization.

Planning Stages

1. Analysis of the starting point.
2. Setting resources.
3. Creating or finding alternatives to the lines of action.
4. Evaluating alternatives.
5. Selection of alternatives.
6. Control and determination of deviations.

Models of Organizational Structure

1. Hierarchical Linear Model:
   • Advantages: Simplicity.
   • Disadvantages: Lack of expertise by the directive.
2. Functional Model:
   • Advantages: The company has specialists, and communications are made directly.
   • Disadvantages: Employees can receive contradictory orders from different bosses.
3. Online and Advice (Staff) Model:
   • Advantages: Permits specialists to advise various departments, and each person receives orders from one head.
   • Disadvantages: Decisions are slow and can cause relational conflicts.
4. Divisional by Customers
5. Geographic (e.g., North American, Europe, Africa, Latin America)

Problems:

1. Situation of Certainty: If it is cold, you put it in the south, if you put it is natural in the center and that...
2. Situation of Risk: EV (row 1) = (probability column 1 * 1.1) + (probability column 2 * 2.1) + (probability column 3 * 3.1) = €
3. Situation of Uncertainty: VE (N) = (1/3 * 1.1), (1/3 * 2.1), (1/3 * 3.1)
4. Horwichz: EV (x) = (1.1 * probability that gives you) + (2.1 * probability that gives you) = (you take the highest)
5. Pessimist (Max-Min): The big love between the boys.
6. Optimist (Max-Max): The greatest among the great.
7. Savage (Cowards): Maybe less is subtracted from each, and then apply the pessimist (min-max).