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|Starting Date||Monday, May 05, 2014|
|Closing Date||Tuesday, May 06, 2014|
There are approximately 3.4 million business enterprises in Pakistan. SMEs contribute over 30% to the GDP. Establishing and Promoting of SME’s is the prime concern of Government policy for economic revival, poverty alleviation and employment generation. Still, in Pakistan mostly entrepreneurs are imitating, which are depending on advance countries.
Currently enterprises are in Pakistan are facing a lot of problem both locally (Law & order situation, Power cuts, Inconsistency of policies, competition from local vendors etc) and internationally (Technology update, information update, WTO and global policies etc) and one has to survive by tackling the both barriers and hurdles.
In your opinion and being a young entrepreneur in the field of small & Medium Enterprise, how would you see the globalization for your business? Does it an opportunity or a threat for your enterprise?
Discuss with solid points and arguments.
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Discuss here GDB
Both opportunities and threats can be described.
I am going to copy paste a post
First, globalization means greater markets. manufacturers can sell their goods all over the world, so the potential for greater sales and revenues is tremendous, along with the potential to increase economies of scale.
second, manufacturers can take advantage of cheap labor in countries with a low typical wages, lowering their costs.
Threats: Obviously, the first one is competition from foreign firms which, due to that cheap labor I was talking about, can produce cheaper. If manufacturing operations want to keep their operations domestic while competing with multinationals, huge increases in efficiency are necessary to make products cheap enough to be competitive. Conversely, large numbers of manufacturing operations producing overseas can take away enough jobs to reduce domestic demand by forcing people to take lower paying jobs and get tight-fisted with their money. But that's a macroeconomic concern.
Second, fluctuations in exchange rates can make keeping up with pricing a nightmare. If the country you are selling in has a currency that loses value in the face of the US dollar, then income from every sale is naturally worth less dollars, which affects profits and may change margins at a pace that manufacturers can't keep up with. This underlies a basic point of instability: dealing with other countries means that, since the governments operate differently, it will be difficult to predict how markets will be interfered with by political or other regional concerns. If it's worth a firm's while to sell a product in a country one week and there's a coup the next, the situation will change, making long-term planning impossible and investment in those markets a crap shoot.
Everything I've mentioned here has, at some time, been a real problem to some firm or another. Trade with politically stable countries that have a solid currency works well. The others are a different story.
kahan gaib hai sub k sub
more about opportunities ? anyone tell ...............
plz upload gdb solution................?
Well you can go with both options but the globalization is more attractive as an opportunity because it playing the significant role of enhancing economic prosperity and offering a new hope to SME in developing countries as it is helpful a reduction in trade barriers such that there is a free flow of goods, services . Further globalization playing a key role for the SME in like
So we can say that globalization is desirable because it draws the world together in a mutually interdependent manner through enhancing trade and breaking political and cultural barriers.
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According to GDB statement our answer should have Pakistani background and mentality of third world entrepreneur which are mostly imitating due to lack of R & D.
Like Q-Mobile imitate Samsung/Android technology and get a good local market share and see international brands as competitors in Pakistan due to globolization. (Threat)
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plz koi gdb ka solution upload kr doo