Globalization “is a process of interaction and integration among the people, companies, and government of different nations” (Vonderembse & White, 2013, section 3.2). It is a process driven by global trade and venture while being aided by information technology. The benefits include consumers being able to have access to more products and services worldwide. The manufacture and the source of the material will become irrelevant; the best value will be in the price. Producers should be able to create, build and sell to from wherever in the world” (Ambruch, 2013).
Lastly, regulation is a principle that rules under a law designed to control behavior (Vonderembse & White, 2013). The benefit of having regulation is that it makes a company accountable and sets the standards for consumer protection. As Ambruch (2013) indicated, multiple leaders, are under the impression that world-wide products agreement will be the most developed to coordinate tactics and planning.
Reference
Ambruch, B. (2013, October 21). The forces that are transforming how products are made. Forbes. Retrieved from http://www.forbes.com/sites/ptc/2013/10/21/the-six-things-that-are-transforming-how-products-are-made/
Vonderembse, M. A., & White, G. P. (2013). Operations management [Electronic version]. Retrieved from https://content.ashford.edu/
Respond to…
In order for a firm to build quality into its products, firms need to adapt to the customers needs, and continue to strive to make products and services better (Ambruch, 2013). Creating products that do not meet todays technological advancements, and the customers needs will make an organization not be competitive in todays global market. Some of the key factors according to Ambruch (2013) are smart products and connectivity, servitization, digitization, personalization, globalization, and finally regulation. Smart products and connectivity allow for smart connected devices to communicate and connect users to information quickly and efficiently. These items are growing exponentially common throughout homes, personal devices, and even cars. Smart products are developing into a tool for transmitting data about their use back to manufactures to help serve the customer better (Ambruch, 2013). Servitization involves firms developing different capabilities to provide a service to enhance the manufactures traditional product. This involves improving a product or service to attract consumers. Manufactures have been utilizing digital technologies to help improve global collaboration and to expand regional manufacturing prosses, and digitization allows manufactures to validate a variety of product configurations before they are built (Ambruch, 2013). Consumers now-a-days want products and services to conform to them, and manufactures are continuing to evolve to meet the needs of the customers through personalization and product diversity. Globalization is the process of starting to operate business on an international scale. With continuous global market expansion, manufactures must be able to design, build, service, and sell to and from anywhere around the world (Ambruch, 2013). With regulations always changing, manufacturers must continue to adapt with the changes in law, to include the requirements of local customs. The identified forces are transforming how products are made, and smart products and connectivity, servitization, digitization, personalization, globalization, and regulation are the driving forces that enable a firm to build quality into its products.
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