Global Competition Essay

688 words - 3 pages

Global competition on the decisions made by management with regards to change in labor demand supply, relations, unions, and rules and regulations in your chosen industry.
Recommend how the industry you chose may respond to each of the previous points.
Auto Industry was our industry of choice.

Rarely has an industry confronted the magnitude of multi-dimensional change the automotive industry faces today. Credited for providing the foundation for economic transformation of the developed world a century ago and well underway to bringing mobility and prosperity to the developing world today, the industry finds itself simultaneously coveted for the employment and investment it attracts and ...view middle of the document...

The new global worker will also be effective working virtually. The challenge faced by automakers will no longer be to globalize the industry, but will instead center on effective global integration and execution. Corporate functions currently housed in or close to company headquarters will see geographic distribution. Leadership roles will become further matrixes. The skills required or this industry will focus around project planning and software development. The industry will need to bring all these skills into play. Skills in finance, procurement and production were underrated by executives, but will have important roles on effective global execution. An additional key to enabling the multiplex workforce to reach its potential will be the building up and global rotation of leadership talent, with the emphasis on attracting quality executives from outside of the industry.
Automakers will need to develop alliances and partnerships aggressively, both within and beyond the traditional boundaries of the industry. Technology will continue to develop at breakneck speed, and will accelerate innovation in the vehicle, touching everything from performance to enhancements in safety and convenience. Sustainability, already an issue, will migrate to near the top of the list for the automotive value net. Unparalleled...

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