Target a multinational corporation/international company and the practice of “outsourcing” to third world countries. Some examples of MNCs (multinational corporations) would be Nike, General Motors, Ford, Qwest, and Fender Music. Research its effects on local culture. Write a summary and analysis of 500-750 words and include the following:
- How does global stratification impact local culture? What are the positive and negative effects?
- How does global stratification impact the United States? What are the positive and negative effects?
- Who is the biggest “winner” in this situation? Explain.
The retail industry has changed dramatically over the past twenty years, which has greatly impacted long-standing traditional retailers such as JCPenny, Sears Holdings, Toys “R” Us, and others who are close to bankruptcy or have already filed. This is mainly due to the failure to implement a successful strategy or make a change that has enabled them to stay profitable.
Select a well-known retail company (other than one of the examples above) that has made a recent negative change that did not help turn the company around financially, and explain your views on the consequences of these actions. Be specific and detailed in regards to the strategic policies implemented by the company, why they failed, and what happened as a result of the poor strategic plan or decision.
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