The Toys and Games Industrys Response to Globalazation Essay - 1

The Toys and Games Industrys Response to Globalazation - Essay patternThe strategies used by this industry to effect globalization include a comprehensive marketing and online-selling of its products. This tone enables the company to feeler many customers from diverse backgrounds of culture, race, beliefs and religion. According to Baker (2011, 82), the industrys products and services demand an international recognition and much revenue. Moreover, the management in the Toys and Games industry has learnt new management strategies through the late(a) access to large volumes of data. The access to volumes of data is a recent occurrence, which has greatly globalized many aspects of business (Butler, 2008, 41). For instance, the access to tempt data has enabled the Toys and Games industry to gather crucial information with regard to global performance trends in various sectors and product lines. Mayer (2013, 46) asserts that new methods of product differentiation and diversification feature been learnt after the acquisition of bid sets of data from a global platform. The big information has culminated in the restructuring of organizational structure for efficiency and long suit in the Toys and Games industry operations. According to Cerra (2012, 34), the big data have led to the realization of new ship canal of achieving global customer satisfaction, continuous improvement and total quality management within the Toys and Games industry. These principles are fine in the thriving of the industry. In the case of transportation of commodities, there is the use of sensors on trucks in baffle to streamline the delivery of goods through shipping. This contains the problem of stock-out cost and machine overhaul cost. The massive data have also helped the manufactures in tracking the trend of customer preference and taste (Gill, 2010, 56).