GSCM 211 Final

Effects of Globalization

Prodducts avaliable globally

Increased Innovation

Uneqal Opportunity

Offshroing

Moving work to a distant country

Insourcing

Moving processes handled by third party firms in houses

Offshore Outsourcing

Hiring external organization to perform business in a country other than the one where the product is made

Farmshoring

Outsourcing to USA rural located companies

Homeshoring

Moving service industry employment from office to home based

Communication is Key

True

What does PEST stand for

Political

Economic

Socio Cultural

Technological

Erin Meyers 8 Scales = Communicating

Low Context = US, Canada

High Context = Japan, Korea

Erin Meyers 8 scales = Evaluating

Direct Negative Feedback = Russia, Israel

Indirect Negatibve Feedback, Japan, Thailand

Erin Meyer's 8 Scales = Persuading

Concept-first = Italy, France

Application-first = US, Canada

Erin Meyer's 8 Scales = Leading

Egalitarian = Denmark, Netherlands, Sweden

Hierarchical = Japan, Korea, Nigeria

Erin Meyer's 8 Scales = Deciding

Consensual = Japan, Sweden

Top-Down = Nigeria, China

Erin Meyer's 8 Scales = Trusting

Task-Based = US, Netherlands

Relationship-Based = Saudi Arabia, Nigeria, China

Erin Meyer's 8 Scales = Disagreeing

Confrontational = Israel, France

Avoids Confrontation = Indonesia, Japan, Thailand

Erin Meyer's 8 Scales = Scheduling

Linear Time = Germany, Switzerland

Flexible Time = Nigeria, Saudi Arabia, India

George Mitchell

Chairman in Peace Talk for Ireland Britain in 1997

Mitchell Negotiation Principles

Use only democratic and peaceful methods for advancing political objectives

Most difficult barrier to overcome is to buold trust that is something that is fragile and easy to lose.

Hope and Opportunity are essential to build staibility and peace

True

Bill Ury

Secret to peace = surrounding community (third side which represents us or the community)

Schemas

cognitive templates that provide low effort, ready made answers

Cultural schemas

account for the distinctive behavioral biases exhibited by negotiators from a particular culture

Due to Globalization younger generations do not follow their cultural scripts closely

true

Harvard Law

Hire your own translator - brief them beforehand be on guard and check what you sayBe aware of global and domestic factors affecting the negotiation

Learn about the culture of the opposite neogiating party, understand how they negotiate

Who brought out Containerization

Malcom Mclean

Containerization benefits

Driver cars on the ship and then drive them off in about 2 weeks

saves time and money

One Belt One Road

Reroute trade in favor of China

Boost developing economies

In land belt

Chain of ports “road”

LPI Evaluates Countries Logistics Performance Based on

Boarder clearance efficiency

Infrastructure quality

Timeliness of shipments

Higher Income Countries score about 45 percent higher on the LPI

True

Benefits of Capitalism and Free Trade

Nearly 1 billion people have been taken out of extreme proverty in 20 years

China pulled 680 million people out of misery in 1981 to 2010, and reduced its extreme poverty rate from 84% in 1980 to 10 percent now

The Fraud Triangle

Pressue, Rationalization, Opportunity

Pressure

Motivation or Incentive to Committ Fraud

Rationalization

Justiciation of Dishonest Action

Opportunity

The knowledge and ability to carry out fraud

Reduce Perceived Pressure

Live within ones means, care about others, be selfless, love our neighbors

Reduce Perceived Opportunity

Remove Self from temptations, dont compromise, be in the middle of the ethical road

Reduce Rationalization

Develop a stronge personal code of ethics and morality and make decisions in advance

Zones of production

typically in developing world, often threatend by violence

Illicit Supply Chain

operates similarly to legitimate supply chains

Western desire to consime is the primary diver of the international organized cime

Consumers

Identify counterfeit goods

Check the URL

Businesses

Illicit supply chains affect all industries

Governments

Counterfeits fund terrorism

Responsible Supply Chains require

Effective and efficient sourcing

Transportation

Disposal of Products

Government Lobbying

Leverage righteousness

industry regulations to force other companies to produce similar results or pay fines

Requirment for change

Integrated supply chain

Willigness to redesign successful products/services

Esther Ndichu Video

Hunger is logistic Problem:

Enough food in the world

Global epidemic is affecting over 800 million

A logistics problem

What are some pros of Globalization?

•Increased awareness of other cultures and countries
•Globalization encourages innovation
•Income of low cost labor in developing countries has increased
•Developing countries have increased access to first-world products

What falls under Political in PEST?

Laws
Property Rights
Political Stability

What falls under Economic in PEST?

Market & Trade Cycle
Currency Fluctuations
Economic Growth

What falls under Socio-Cultural in PEST?

Human Rights
Culture
Language

Which global sourcing option involves bringing processes handled by third-party firms in-house?
Offshoring
Insourcing
Farmshoring
Offshore outsourcing

Insourcing

According to W. Steve Albrecht, what are the three elements of the fraud triangle?

Rationalization, ethics, and character
Pressure, opportunity, and rationalization
Perception, motivation, and values
Opportunity, compromise, and integrity

Pressure, opportunity, and rationalization

What does the Fraud Triangle primarily focus on?
Promoting harsher punishment
All of the above
Identifying ethical individuals
Understanding the drivers behind fraudulent behavior

Understanding the drivers behind fraudulent behavior

Global ethics has become a recognized area of study in an exceptionally short time.
True OR False

True

According to Albrecht, developing a strong personal code of ethics is essential to minimize the pressure element in the fraud triangle.
True OR False

False

Global Ethics will shape and limit the possible relationships and opportunities of all global actors.
True OR False

True

According to Bill ORourke, if you have something as a value
You get results
You differentiate yourself from your competitors
You get results You have regular meetings about it
You make friends with your employees

You get results

Who is mentioned as the top performer in the Logistics Performance Index (LPI) in the 2016 report?
Germany
Syria
Singapore
Netherlands

Germany

The Logistics Performance Index (LPI) of a country is based on which of the following factors?
All of these
Border clearance efficiency
Infrastructure quality
Timeliness of shipments

All of these

Containerization saves shipments ____ in loading and unloading activities.
~1 month
~2 weeks
~8 weeks
~3 days

2 weeks

Organized crime and is NOT recession resilient
True OR False

False

How can supply chains make an impact?
Through political lobbying
Through choices related to suppliers, manufacturing, hiring practices, etc.
Through environmental protests
Through social media campaigns

Through choices related to suppliers, manufacturing, hiring practices, etc.

According to Misha Glenny, organized crime operates similarly to any other global business with zones of production, distribution, and consumption.

True

What do companies need to be willing to do to achieve sustainable business practices?
Care about the customer more than anything else
Reduce profit margins
Redesign successful products and services
Avoid government regulations

Redesign successful products and services

Who is mentioned as the top performer in the Logistics Performance Index (LPI) in the 2016 report?
Germany
Syria
Singapore
Netherlands

Germany

The Foreign Corrupt Practices Act (FCPA) is a law that keeps US citizens from accepting bribes in US business affairs.
True OR False

False

Global Ethics will shape and limit the possible relationships and opportunities of all global actors.
True OR False

True

What can provide a competitive advantage in business?

Government lobbying

What does 'leverage righteousness' refer to in business?

Using ethical practices to gain a competitive edge

What can industry regulations force companies to do?

Produce similar results or pay fines

How can supply chain professionals make a difference? What is required?

Requirements for Change
• Integrated supply chain
Motivate partners to change
Willingness to redesign successful products/services
New distribution models
New manufacturing processes and technologies
Modern packaging strategies
Advanced materials

Project from the Belt and Road

China's ambitious project that aims to build efficient infrastructure from china to Europe.