Capitalism has been ideology of global economy in the last century and for more than a decade into this century. Global boundaries were opened starting early 90's allowing the world to become flat. This was supposed to create competitive corporate ground and give the best to consumers. Is this happening?
According to Unilever CEO, Paul Newman "Many companies today are existing to make profits. It should be make profits to exist". Profit driven Growth fission is considered as means to survive amid global competition making the quote true. This expansion drive has destabilized economies, companies and even making countries declare bankruptcy.
Full or partial nationalization, placing limits on foreign investments, movements like "Make in India", Bumi schemes in a South East Asian Countries, local content requirement in middle east all seem as efforts by respective government to support localisation as a mean to stabilize their economy.
The side effect of profit driven growth fission seem to be compromise on safety and quality of products and services. Recent transportation tragedies, Building collapses, IP infringements, contradicting media reports are few which could not make one think otherwise. Efforts by governments seem little redress for the extent of damage done. Change in corporate world might help the situation get better. If the world remains to be flat, leaders of companies need to rethink the way businesses are run. Strategies for short term cash flow combined with long term global sustainability without compromising safety and quality are needed. Or else we have to make a 'U' turn on global highway.
According to Unilever CEO, Paul Newman "Many companies today are existing to make profits. It should be make profits to exist". Profit driven Growth fission is considered as means to survive amid global competition making the quote true. This expansion drive has destabilized economies, companies and even making countries declare bankruptcy.
Full or partial nationalization, placing limits on foreign investments, movements like "Make in India", Bumi schemes in a South East Asian Countries, local content requirement in middle east all seem as efforts by respective government to support localisation as a mean to stabilize their economy.
The side effect of profit driven growth fission seem to be compromise on safety and quality of products and services. Recent transportation tragedies, Building collapses, IP infringements, contradicting media reports are few which could not make one think otherwise. Efforts by governments seem little redress for the extent of damage done. Change in corporate world might help the situation get better. If the world remains to be flat, leaders of companies need to rethink the way businesses are run. Strategies for short term cash flow combined with long term global sustainability without compromising safety and quality are needed. Or else we have to make a 'U' turn on global highway.
Well said. Agree with ur view point in currently happening with globalization. Safety should be top most priority at all businesses and times.
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