Purchase Solution

Counterfeiting and the Global Marketplace

Not what you're looking for?

Ask Custom Question

Based upon the information in this unit's readings, create a post that answers the following:

1. Describe how some of the benefits of globalization have actually hurt businesses whose products are widely integrated in international markets. Do you think globalization itself will sustain the problem of counterfeits?

2. Do you think companies can immunize themselves from the threat of counterfeits? Why or why not? If so, how?

Attachments
Purchase this Solution
Solution Summary

Also, manufacturers are using new technologies, holograms, and many other tactics to try and stay ahead of the counterfeiters in an effort to reduce the damage and the threats that these counterfeit operations impose. However, even with all the money and technology being applied to stop counterfeiters, it appears there are no companies who have successfully found a solution to make them immune to this issue (Pearce & Robinson, 2011).

Solution Preview

1. Describe how some of the benefits of globalization have actually hurt businesses whose products are widely integrated in international markets. Do you think globalization itself will sustain the problem of counterfeits?

In the study case "Fakes", the author cites examples of how counterfeiting directly benefits from the globalization of products and companies across the world (Fakes). Summarizing the definition of globalization as presented in the text, it explains that globalization is the spread of money and technology into new markets. This expansion then begins a process of utilizing and taking advantage of the low-costs associated with these new markets for labor and materials and this creates the perfect export scenario that begins manufacturing cheap items and then progresses ...

Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Introduction to Finance

This quiz test introductory finance topics.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

View More Free Quizzes
Related BrainMass Solutions

  • Gray Marketing - Trademark, Pricing or Distribution Issue?

    The Alliance for Gray Market and Counterfeit Abatement has as its primary purpose to "mitigate gray marketing and counterfeiting of high-technology products" Is it appropriate to equate the two?

  • Louis Vuitton Case Study

    The bottom line is that LVMH delivers. As it expands in the global economy, it recognizes state and country and so consults local authorities through its Foundation to ensure the equitable promotion of its creative expressions.

  • Sales, Counterfeit Products, Exporting and Trafficking

    Counterfeits costs companies billions of dollars and despite strict regulations in the global economy over counterfeiting, the practice has not dropped but has become even more rampant (International trade Administration, 2011).

  • Lawrence Sports Benchmarking

    A major concern for Federated has been the threat of counterfeit goods entering the marketplace. In 2005 Global Congress on Combating Counterfeiting states, "more than 5,024 incidents of counterfeiting was reported across the globe" (SWOT, 2005).

  • Louis Vuitton Branding Perspectives

    This solution provides inputs on how LVMH is a distinctive brand and how counterfeiting influences it positively and negatively

  • international business in China

    There are other ways in which Counterfeiting can be avoided. The legal means are to contact the customs department of the countries involved and getting the counterfeit products seized.

  • Many entrepreneurs enter the global market for a variety of

    Entrepreneurs should consider what the risks and the advantages are of moving into a global marketplace. He or she should consider if the pros outweigh the cons, and then base their decision from that point.

  • Death Penalty

    and counterfeiting, then he becomes eligible for probation under the CP 36.

  • traditional monetarist devices

    The difference between these initiatives and counterfeiting - whether the traditional variety or bogus 'consuming opportunities' - is that counterfeiting always sorts populations into winners and losers. No other outcome is possible.

View More Related Solutions