Cultural Aspects of Cross Border Mergers and Acquisitions
February 12, 2025
Any warehouse operations are measured by service levels, volume of transactions handled quality of transactions and most importantly inventory health maintained. By Inventory health in a warehouse, we are referring to Physical Inventory Accuracy, the way inventory is physically kept in locations and discipline maintained in transactions, inventory maintained in the system. Inventory Health, in […]
The Fortune 100 list of companies comprises of the top 100 corporations in the world in terms of size, revenues, and market capitalization. The list that is published annually gives a peek into the top corporations that run the global economy. Indeed, many commentators have stated that the top 10 corporations in the world are […]
Every business organization that is engaged in manufacturing, trading or dealing with salable products holds inventories in one form another. Inventory is held in the form of raw materials or in the form of salable goods. Since every unit of inventoried item has an economic value and is itemized in the books of account of […]
What is Practical Intelligence, Why Is It Important, and How It Works in the Real World The world admires Street Smart tinkerers and Go Getters who get “things done”. For instance, how many times haven’t been in awe of the Fixers and the Technicians, who with little formal education manage to repair mechanical and electrical […]
What is the Hindu Rate of Growth and is the Indian Economy returning to it? For a long time from Independence to the mid 1980s, the Indian Economy used to grow at 3-4% or at the most, 5% a year. Indeed, in the decades following Independence, economists were fond of saying that India is not […]
The world is increasingly being urbanized and this has implications for the corporate sector and the managerial class.
To start with, with more and more companies being located in urban areas, the corporate sector has to deal with the problems associated with urbanization like lack of access to basic infrastructure and facilities for its workforce. This means that the corporates would have to contend with a workforce that needs to have the basic amenities like housing, transport, access to potable water, and affordable food.
In other words, if the workforce does not have these amenities, their productivity and performance at work suffers. Therefore, it is in the interest of the corporate sector to work closely with the government to provide for these facilities to the workforce.
In addition, the things like educational facilities for the children of the employees, and access to decent and affordable healthcare are other aspects that the corporates must take into account because of the urbanized workforce that is employed in their companies. Further, corporates have to ensure that they provide for transport and other amenities to their workforce as well.
Already, the situation in many emerging markets where cities have become the de facto hubs for corporates is alarming. For instance, in many cities in China and India, the level of air and water pollution and contamination is so intense that corporates are pressing the alarm bell and exhorting the governments to do something about it.
In cities like Bangalore in India, Shanghai in China, and Bangkok in Thailand, the rapid urbanization has contributed to congestion on the roads leading to chaotic traffic and associated problems. This is again so dire and urgent that immediate action must be taken by all the stakeholders if the urban infrastructure in these cities is to be saved from total and complete collapse.
Added to these problems are the problems associated with sanitary, health, and basic services. Taken together, these problems represent a huge and gargantuan challenge for the corporates and the governments.
The situation is exacerbated by the lack of political will to solve these problems and the political gridlock and instability is only adding to the direness of the problem. This is the reason why corporates in India are now stepping out of their comfort zones and taking direct action to solve these problems with or without the help of the government.
For instance, many corporates in Asian countries are building campuses for their employees close to the place of work so that employees do not have to commute long distances, can have access to in-house medical facilities, and can reside in an environmentally friendly and pollution free atmosphere, and can access schools and recreational facilities that are provided in those campuses.
Of course, this is not the ideal solution as the solution is to improve the urban infrastructure. However, when the governments are not willing to do anything, the corporates have been forced to resort to these measures as a means of taking the matter into their own hands.
Further, many corporates in Asia are building offices along with residential units for their employees so that in a manner similar to the manufacturing companies in the earlier decades, both work and residence are within a campus or a facility that provides for all amenities.
Indeed, this is a viable and workable solution as is the fact that corporates can relocate and focus on the Tier two and the Tier Three cities that are less congested. This has been the response from the governments who have exhorted the corporates to open their facilities in the satellite towns and ensure that they relocate their operations to smaller cities and towns so that the problems associated with urbanization can be solved.
Your email address will not be published. Required fields are marked *