Globalization in the music industry essay

Cultural and Economical Impact of Technology on Music Industry Introduction Music is a form of art essentially created for the purpose of entertainment.

Globalization in the music industry essay

RI ventured into new lines of business such as consumer products and electrical equipments, in addition to its previous line of business.

This strategy was adopted with the belief of forming cohesive units that would bring RI synergies and profits. Most of these products had local brand name. During s, RI changed its strategy and focused more on three lines of businesses viz. Industrial products, Consumer products, and Electronics.

Sean Rhodes led the acquisition of more international business related to these three categories and divested business not related to the above three categories.

The current structure is based on 3 major geographical areas viz. North America, Asia and Europe. The various autonomous units within those regions report to the office of the regional Vice President. Businesses are largely independent which provides flexibility and motivation for subsidiary managers.

If a country had several units, a subsidiary president was responsible for coordinating the various businesses in that country.

But most of the coordination was done through the regional vice president. Other functions such as HR management, new product development, marketing, and manufacturing existed within individual subsidiaries.

However, there was little or no coordination of these functions across geographical regions Rhodes Industries Organization Chart Current Scenario: RI changed its strategy and focused more on three lines of businesses viz. Most of the products in various product lines do not need localised customisation and technology used for the manufacturing process is very mature.

In terms of environmental uncertainty, we can infer that they operate in a complex but stable environment. With regard to the stage of international evolution, it fits into the "Multinational" bill since it is operating in various countries.

The current structure is a Global geographic structure, which encourages product design, assembly, and marketing strategies that are specific to the needs of each country 2. Autonomy makes it difficult to consolidate financial reports worldwide and gain efficiencies of uniform information and reporting systems.

Local projects and profits received more time and resources than did projects that benefitted RI worldwide. As a result, RI is getting deprived to important information that it could leverage for its overall growth. However, economies of scale in Singapore would more than offset shipping costs to the UK and would enable RI to close expensive manufacturing facilities in Europe, thereby increasing RI's efficiency and profits.

Browse by Content Type

Again, a cost saving technology for manufacturing Light bulbs in Canada, had been ignored in Asia and Europe. A technical innovation that provided home owners with cell phone access to home security systems developed in Europe has been ignored in NA.

Applying Theories of Organizational Behavior and recommending alternatives: Model to fit Org. Structure to International Advantages When organizations venture into international domain, a coherent global strategy should be formulated that provides synergy among worldwide operations.

The main problem managers face here is to choose between emphasizing on global standardization or national responsiveness. Managers must decide whether each global affiliate should act autonomously or whether activity should be standardized across countries.

Thus arises the decision to make a choice between globalization and a multi domestic strategy. It means that product design, manufacturing and marketing strategy are standardized throughout the world. But recently companies have begun shifting away from strict globalization strategy due to economic and social changes.

Globalization in the music industry essay

It means that the competition in each country is handled independently of competition in other countries, thus encouraging product design, assembly and marketing tailored to the specific needs of the country First Recommended Structure:Impact of Globalisation on the Music Industry Essay Words 5 Pages Define and explain globalisation, then critically evaluate and illustrate the impact globalisation has had on a particular business, the industry it operates in, its country of origin and the country or .

The Online Writing Lab (OWL) at Purdue University houses writing resources and instructional material, and we provide these as a free service of the Writing Lab at Purdue.

BibMe Free Bibliography & Citation Maker - MLA, APA, Chicago, Harvard. To begin, the music globalization commonplaces that are most broadly circulating in Western intellectual discourse as actualities or immediate predictions at the end of the twentieth century: 1.

Music's deep connection to social identities has been distinctively intensified by globalization. This. School In The Future (Essay Sample) June 14, by admin Essay The challenges in the local community will, therefore, be solved by the global community. The future structure of school will help increase the speed of problem-solving in the community.

These changes have already been witnessed in other areas such as the music industry. Revolution of Music Essay - Music has continued to change throughout each decade, but the s was the most influential decade in the history of music.

Globalization in the music industry essay
How will the music industry weather the globalization storm? | Dolfsma | First Monday