theories of international trade

No 1 BPO BANE OR largess ? Answers 1. Which of the theories of inter realmal trade can help Indian run providers shit competitive edge over their competitors? 1. Suggested Theory to gain dynamism and combat in Operation A. Developing executive leadership at tercet levels top team, the personal development of individual executives as leaders and the capitulum Executive Officer (CEO) B.Success Brand Development and Brand Strategy An impellingbrand strategywill create a unique identity operator that will differentiate from the contest. That is why its often deemed as the heart of a competitive strategy C. Strategies for Working Work avoidance is one of the study paradoxes, Making a complete Plan to work, setting a quota for a week or month and making them to execute will maturation the overall process D.Achieve learning through knowledge management knowledge Management efforts typically heighten on organizationalobjectivessuch as improvedperformance,competitive adv antage, asylum, the sharing of lessons learned, integration andcontinuous improvementof theorganization. acquaintance Management efforts overlap withorganizational learning, and may be distinguished from that by a great focus on the management of knowledge as a strategic asset and a focus on boost the sharing of knowledge. E.Achieve supply chain excellence The basis of competition for good-natured companies in todays economy is supply-chain superiority, These companies understand that value-chain performance translates to productivity and commercialize-sh ar leadership. They also understand that supply-chain leadership means more than just miserable courts and efficiency, it requires a superior ability to shape and respond to shifts in demand with innovative products and services. 2. productivity for INTERNATION TRADE CompetitivenessThe rapid changes in the context of the process of economic reform, globalization and liberalization hold up created greater compulsions f or India to be productive and competitive than ever before. With rapid advancement in technology as well as Management Theory and Practice, the fantasy & techniques of productivity have undergone a change over conviction, on that pointby creating a need for devising fresh advancees, coining juvenile message and adopting a untried idiom to spread the message to the stakeholders.There is an urgent need to redefine and re-structure the Productivity Movement in such a way that it becomes a self perpetuating process, more so, because the general environment earlier was not very friendly for the desired productivity growth as lots of non-productive barriers & tutelar walls surrounded our economic system for a very long time. All these protective walls have come crashing down and now competition is the name of the Game.Keeping in view the stage at which it stands on the road to economic progress, procession of productivity, its awareness creation and benefitable implementation s hould be the corner stone of productivity driftment. Productivity in its new manifestation, as a culture of accept and bringing about continuous change through teamwork having continued focus on the customer-need is an inescapable imperative. These Concepts have come to acquire greater moment in the current context of changes economic environment. 3. BUILDING Brand Indias train Perspectives schema emergency to move up the value chain- pause R&D Need to project greater ROI on investment better profitability Need to remove revenue dependence on any single resource such as human beings capital Need to carve a niche IPR and Licensing Need for technological prowess and market knowledge foc utilize domain expertise Need to brand products and services better marketing Every organization has its own distinctive approach towards development. Connecting these initiatives, there should be a commitment to enlarge the scope of innovation and to create environment conducive to Pr oductivity.Productivity may be the outcome of techno-managerial practices, only if eventually is the result of a mindset. Basic to this approach is the conviction that there is no limit to improvement. Even the best can be improved. The all- definitive(a) ingredient is the preparedness of the human mind to change. Therefore, workers, managers, policy makers and others should be desex to continuously and collectively work for productivity improvement, not only in every economic activity, but also in every human endeavor for the development of the society as well as the democracy.Needless to mention, as we graduate further into knowledge era, traditional methods and principles will become more and more ineffective and we will have to innovatively augment productivity both at micro as well as macro level to consummate a global competitive edge. 2. Pick up some Indian services providers. With the help of Michael Porters baseball diamond, analyses their strengths and weaknesses as active players in BPO. The Diamond Model of Michael Porter for the competitive advantage of Nations offers a dumbfound that can help understand the comparative degree position of a nation in global competition.The model can also be used for major geographic regions. Traditional country advantages Traditionally, economic theory mentions the future(a) factors for comparative advantage for regions or countries 1. Land 2. Location 3. Natural resources (minerals, energy) 4. Labor, and 5. topical anaesthetic population size. Because these 5 factors can hardly be influenced, this fits in a rather passive (inherited) view regarding study economic opportunity. Porter says that bear on industrial growth has hardly ever been built on to a higher place mentioned basic inherited factors.Abundance of such factors may actually undermine competitive advantage He introduces a concept called clusters or groups of interconnected unbendables, suppliers, related industries, and institutions,tha t arise in certain locations. Porter Diamond Nations According to Porter, as a rule competitive advantage of nations is the outcome of 4 interlinked advance(a) factors and activities in and between companies in these clusters. These can be influenced in a pro-active way by government.PORTER argued that a nation can create new advanced factor endowments such as skilled labor, a affectionate technology andknowledge base, government support, and culture. PORTER used a diamond shaped diagram as a basis of a manikin to illustrate the determinants of national advantage. The diamond represents the national playing field that the countries prime for theirindustries. The points of the diamond are described as follows FACTOR CONDITIONS a country creates its own important factors such as skilled resources and technological base. these factors are upgraded / deployed over time to meet the demand. local anesthetic anaesthetic anaesthetic disadvantges force innovations. new methods and a nd then comparative advantage. DEMAND CONDITIONS a more demanding local market leads to national advantage. a strong trend setting local market helps local firms anticipate global trends. RELATED AND SUPPORTING INDUSTRIES local competition creates innovations and cost effectiveness. this also puts pressure on local suppliers to lift their game. FIRM STRATEGY , STRUCTURE AND RIVALRY. local conditions affect firm strategy. local rivalry forces firm to move beyond basic advantages. THE DIAMOND AS A placement the effect of one point depends on the others. it is a self-reinforcing system. THE ROLE OF THE political sympathies IN THIS feigning to encourage to stimulate to help to create growth in industries. In Terms and Conditions Let us take the organization TCS 1. BPO/ KPO Business BPO is established and is on development stage. KPO is on Threshold of harvest The Passive Analysis of The Active/Proactive Analysis ofFACTOR CONDITIONS TCS has created its own important fact ors such as skilled resources and technological base for expanding BPOs / KPOs TCS is upgrading / deploying resources over time to meet the demand. New innovations. New methods has tending(p) the local industry the comparative advantage. DEMAND CONDITIONS a more demanding local/ global market has devoted TCS the international / national advantage. a strong trend setting local market has helped local firms anticipate global trends.RELATED AND SUPPORTING INDUSTRIES local competition has created innovations and cost effectiveness for the TCS . this has also put the pressure on local suppliers to lift their game. FIRM STRATEGY , STRUCTURE AND RIVALRY local conditions have affected TCS various strategy. local rivalry have forced TCS to move beyond basic advantages. THE ROLE OF THE Indian GOVERNMENT IN THIS MODEL INDIAN GOVERNMENT is encouraging more TCS . INDIAN GOVERNMENT is touch with paperwork reforms. INDIAN GOVERNMENT is helping to create more skilled labors. INDIAN GO VERNMENT is providing infrastructures to attract more industries. 3. Compare this case with the case given at the beginning of this chapter. What similarities and dissimilarities do you notice? Your analysis should be found on the theories explained. If youre not faster than your competitor, youre in a tenuous position, and if youre only half as fast, youre terminal. The thinker is to concentrate our strength against our competitors relative weakness. The opportunities and threats existing in any situation always exceed the resources needed to exploit the opportunities or avoid the threats. Thus, strategy is essentially a problem of allocating resources. If strategy is to be successful, it must allocate superior resources against a decisive opportunity. It is not the strongest of the species that survive, nor the around intelligent, but the one most responsive to change. Organizations pursue strategies that will pick the normal course of industry events and forge new industr y