Select Any Organization with Which You Are Familiar--Your College, the Toyota

question 39

Essay

Select any organization with which you are familiar--your college, the Toyota dealership down the road, a corporation where you work, etc. Analyze the global forces that influence the organization you selected. How should the organization respond to those global forces in order to gain international competitive advantage?

Understand the concept of mixed economies and the balance between private and public sectors.

Explain the basic economic questions every country must answer due to resource scarcity.

Describe the impact of government regulations on pollution control.

Understand the historical and theoretical background of different economic systems.

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Definitions:

Globalization

The method through which companies or various organizations gain international impact or begin functioning globally.

Socio-Cultural Changes

This term refers to transformations in society and culture over time, often due to factors like technology, migration, and changing values.

Worldwide Exchange

The global trade of goods, services, technology, and capital across international borders.

GDP Per Person

Economic metric that divides a country's gross domestic product by its total population, indicating average income or economic output per person.