Competing in a Global Context

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Competing in a Global Context by Mind Map: Competing in a Global Context

1. Global Trade Enviroment

1.1. Highly Competitive

1.1.1. Ever Changing

1.2. Innovation

1.2.1. The heart of everthing

1.3. Technological Developments

1.3.1. Rapid

2. Supply Chain Management

2.1. Centralized

2.2. Decentralized

2.3. Outsourcing

3. Economic and Financial Flows

4. Tax & Exchange Rate Issues

5. Global Innovation

5.1. Convergence

5.2. Divergence

5.3. Crossvergence

6. Marketing In Global Context

7. International Operations

7.1. Complex Supply Network

7.2. Adaptive Processes

7.3. Cultural Needs have to prioritized

7.4. Offshoring

7.4.1. Benefits

7.4.1.1. Cost

7.4.1.2. Flexibility

7.4.2. Cons

7.4.2.1. Have led to re shoring when benefits dont materialize

8. City Leadership & Business Opportunities

9. Human Resource Management

10. Branding in Global Context

11. Financial Reporting

11.1. IFRS

11.1.1. Principles based

11.1.2. Adopted by Most countries in the world

11.1.3. Developed by the IASB

11.1.4. Looking for a global set of financial reporting standards

11.2. US GAAP

11.2.1. Rules based

11.2.2. Developed by the FASB

11.3. Issues with convergence