Responses Discussion

Bradley, you hit the nail on the head: market capitalism is the system most suitable for globalization. The demand for products and services is managed by customers. This is advantageous, in my opinion, as it will spur businesses to compete for the right to make goods that meet consumer demands. Therefore, it is irrelevant where on the planet a company operates; what matters is whether it satisfies the needs of its customers. China is a developed country that manufactures practically everything. Therefore, allowing a lot of imported items makes no sense in the communist nation. They have tight regulations for doing business internationally because of this (Wang, 2002). Good Job Salina! Democracy is one of the best political systems because it allows everyone to take part in decision making. However, when it comes to business, it is sometimes hard to understand the market in democratic countries. There are different market trends that require keen studying before venturing into a business. Therefore, one must find a way of incorporating different views of the people when setting up a business in such global markets (Johnson and Crain, 2004).

Excellent, Joshua; I appreciate your discussion on time series analysis. It is indeed among the best analysis for determining a company’s future in business. When combined together with the sales force composite method, the results are astonishing. Most corporates that have implemented these forecasting strategies have never gone wrong. Statistics based on human research are the most accurate for sale prediction. However, an expert would still be relevant to advise on which method to use depending on the state of the organization (Hamilton, 1989).

Thank you Willean, I concur with you that Rajiv should implement the statistical demand analysis sale forecast method despite the fact that sale force composite method could also work in his company’s scenario. The previous takes into consideration current market trends and provides data on sales and factors affecting sales. The sales quota method can be harsh on the clientele because the executive can deal with them too aggressively because of the quotas. However, it is significant to note that the sales quota method can work extremely well if implemented appropriately (Beauchamp et al., 2004).



Reference

Beauchamp, T. L., Bowie, N. E., & Arnold, D. G. (Eds.). (2004). Ethical theory and business.

Hamilton, J. D. (1989). A new approach to the economic analysis of nonstationary time series and the business cycle. Econometrica: Journal of the Econometric Society, 357-384.

Johnson, J. M., & Crain, W. M. (2004). Effects of term limits on fiscal performance: Evidence from democratic nations. Public Choice, 119(1), 73-90.

Wang, X. (2002). The post-communist personality: the spectre of China's capitalist market reforms. The China Journal, (47), 1-17.