Monday, January 7, 2019
In Making the Most of Foreign Factories by Kasra Ferdows (Notes)
* Not tapping into the all-encompassing potential of foreign factories * Only put on them for benefit of tariffs and trade concessions, cheap labor, etcetera * Some companies do use them to across-the-board potential and gain exponentially from it. * utilize them for the previous reasons mentioned, but as well to compress closer to their customer and suppliers, to attract sure-handed and talenterd employees, and create centers of expertise for the entire confederacy. The purpose for why these two approaches lies in the managers hands, which they ready answered a simple yet sound question How can a manufacturing plant located outside a companys home country be used as a belligerent weapon not only in the markets that ir directly serves but also in every market served by the company? * Ex. Some managers dont consider manufacturing to be a fountain of competitive advantage, they will establish factories with a narrow strategic scope, which they provide those factories with special resources. In contrast if they do and so they will be productive and sophisticated by achieving many goals. Lower tariffs be causing foreign plants to close * change magnitude in sophistication of manufacturing and product training and the growing importance of having world-class suppliers ar causing more multinationals to place less(prenominal) emphasis on low wages. * Factories be being strategically placed in foreign countries where they can have the about advanced infrastructure and workers skills, rather than in the aras that offer merely the lowest wages. * Companies are concentrating production and development in the said(prenominal) organization. * Servers companies?? * Moving horizontally across the ground substance??
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