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 line directions of GE Medical Systems.TechnologySince new requirements in health care business had been emerged, in the market it is required to implement personalized medicine to support specific client not mass population. Moreover, trend on scratch the way to prevent sickness is more concerned than to heal. This is monolithic ch everyenge to medical equipment manufacturers whether which company can find the topper 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 also product design. As the result, corporate RD invented some new products which replace need of alert product, for example, digital detectors for X-ray machines that would replace the need for X-ray film.GlobalizationGlobalization increases connectivity and interdepe ndence 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 expand 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 possible projects by which a company traffic in Healthcare and Medical Diagnosis like GEMS can profitably ride the waves of globalization, liberalization and technology. * sack manufacturing base from high-cost countries to low-cost countries in order to reduce production cost. * To develop healthcare IT system, this is to manage requirement data systematically such as patient data, treatment record etc. This is also adjuvant for diagnosis. * To apply Free Trade Agreement with emerging countries in order to facilitate access of healthcare products. * Even general need s of customers in healthcare in each country is same hardly there are some specific requirements which are required individually so GEMS should not sloppiness RD in each local market. Hiring local staffs is an effective alternative since local people might escort 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? pretend on the economic, political, social and cultural adaptation that you think can take place. According to many reports direct that over the next 50 years China and then Indias economies will overtake US. bountiful and growing market opportunities in China and India are widely seen and understood as evidenced by the large flows of foreign direct investment to China, both for the do mestic market, save also to use China as a low cost platform for exports to the rest of the World. China is communist. Due to their political characteristics, aver in a repressive way substantial part of the economy, especially the financial sector that brought roughly 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 ever-changing of Chinese government would possibly change the world. About social and culture, as foreign companies would base their manufacturing in China, learning local culture would be very important in order to have glitter 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 spread over the world. Their culture will unavoidably absorb to everywhere. We have no choice but ad apt with it.