Global Businesses: Apple, Samsung and Xiaomi
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Identify the type of economic system that best aligns to Apple, Samsung and Xiaomi
Include three potential effects of each economic system on the society in which the system operates.
Recommend three actions that Apple, Sumsung and Xiaomi could take to encourage economic progress in the countries they operate that have lagged behind other countries in economic development.
Recommend two innovative global changes in expansion, technology, marketing, products, services, human resources, customer service, or another appropriate area, that you would make as a strategic leader of Apple.
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Solution Summary
Types of economic systems and global businesses are discussed in a structured manner in this response. The related references are also provided.
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The type of economic system that best aligns with Apple, Samsung, and Xiaomi is the Market economic system. This is a system in which companies, communities, and firm owners take action in self-defense to make decisions about how to assign and distribute resources (1).
The potential effects of the traditional system on society are that each member of the society has a particular role that contributes to the progress of the community, the societies are socially satisfied through labor/ farming, and the outdated model builds several barriers to growth.
The potential effects of the command economic system ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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