Globalization of operations management Essay Example | Topics and Well Written Essays - 250 words

Globalization of operations management - Essay Exampleraw materials, skilled and low-cost labor force among others (Mahadevan 121). Economies of outgo also arise after a company expands it production capacity due to lower cost of operation. The service sector on the other muckle has capitalized on the skilled labor force available overseas at low cost e.g. outsourcing firms relocating to India (Mahadevan 138). This expansion or shifting centers of operation also accept operations management adversely. There is the need for the firm to operate within the laws and standards of the new markets which are not necessarily similar to those of original market. Clients special needs and preferences should also be considered in production which can increase on costs. Global market place is also quite warlike raising the need to stimulate sound operational management strategies. CONCLUSION Globalization has taken many organizations to greater heights in the competitive international marke t. This scenario has enabled them to gain competitive advantage and increase on production which results to higher margins. A firm going global should therefore appreciate that it will have to initiate changes in its operations to suit the new market dynamics. Works cited Mahadevan, B. Operations Management Theory and Practice. Pearson Education India, 2010.