Applied management project Dissertation Example | Topics and Well Written Essays - 14250 words

Applied management project - Dissertation ExampleCompanies can try to ictus market share from foreign shores in order to be equal to expand without the fear of macrocosm discriminated against foreign or local counterparts (Hoekman 2001). Still, thither remains consider fitting criticisms because of the lapses of the organisation have negatively wedged some developing nations. However, the magnitude of the globose marketplace makes it very difficult to manage. With the opportunities presented by the WTO, the companies can so turn their sights on these markets and the possible entrenched competition that they may face. Hence, there is the urgency to be up to(p) to penetrate swiftly as well as to guide the product in this very fine stage (Robertson 1993). Also, companies would do well to be able to be able to innovate in such a way that they can capture and hold market share. To do so, it is shown in the paper that it is valuable to always consider the market when innovating th eir products (Karr and Gabrielson 2007). Background, Aims and Objectives The global economy has greatly benefited from the increased trading activities that have been fuelled by trade liberalization. Hence, there are many companies that have tried to take on the challenges and be able to get into the different countries and capture the demand of their respective domestic markets. This strengthening of the global trading scheme has further expanded the global marketplace where companies can have access to different areas where they can conduct their wares as well as be able to enhance their production capabilities. It is important to note that this has been back up greatly by the anti-discrimination principles of the Most Favored Nation (MFN) rule as well as the study Treatment rule which has enabled the different companies from different countries to be able to have fair treatment (Hoekman 2001). Still, there are criticisms of the global trade organisation. In fact, Rose (2003) even alleges that the WTO does not really contribute to the outgrowth trade between nations. Furthermore, there have in any case been allegations that the organisation is merely a pawn utilise by rich and powerful countries and companies to advance their self-serving interests and be able to take advantage of the resources from another(prenominal) countries. Also, there have also been conflicts that have come between policies from different nations with those of the WTO. Among these have been the labour policies and the right off increasingly pressing environmental policies. Through the past decade, there has been increasing awareness of the effects of global warming. Hence, different countries have been growing more concerned about the need to protect the environment and relieve the impact of pollution in the environment. Therefore, there have been increasing regulations that different companies must abide in order to reduce their carbon footprints. However, there is the risk that these policies may be interpreted as protectionist in nature rather than as a protection for nature. On the other hand, there have also been rulings in favour of trade that has earned the ire of environmentalist groups that have alleged that the organisation was favouring capitalist economy over the need to protect the environment. It is important to remember though that trade must be able to promote sustainability while countries must likewise ensure that they abide by the various agreements from the trade rounds that has