Describe the key factors of bric economies., Operation Management

Assignment Help:

The G Banking Group recently reported that it was off shoring (moving) its back-office operations from European country D to India where it already has some significant operations. Centralising most back-office operations in India is part of the Group's plan to grow its international banking business. (India is one of the fast emerging economies in the so-called BRIC group of Brazil, Russia, India and China).

According to a G Banking Group spokesperson, the move would involve cutting about 500 jobs from its operations in country D but generating a similar number of new jobs in India where it already employs 3,000 people. The spokesperson was, however, quick to add that some call centres would still remain in country D.

Describe the key factors involved in the emergence of the BRIC economies.

Growth of BRIC Economies

Currently the most important growing economies in the world are Brazil, Russia, India and China and they have come to be known as the BRIC group. The growth of each of these economies contains unique aspects of the history of each country but there are some general factors that have influenced the growth of all four. These contain the following:

General factors driving growth 

Globalisation

This concept refers to the growing interdependence of countries worldwide and the freedom it gives to firms and individuals to initiate economic transactions with those in other countries. Factors that have contributed to the globalisation process contain;

  • Developments in electronic communication like as the internet,
  • Improvement in transportation like as containerisation and the development of jumbo jets,

 


Related Discussions:- Describe the key factors of bric economies.

Fixed position layout - process design, Fixed-position layout This co...

Fixed-position layout This configuration is typically used for low-volume, project-type operations where the product being produced is massive, and movement of the material f

Explain is self-preservation a moral imperative, Is self-preservation a mor...

Is self-preservation a moral imperative or just a fact?

Explain training idea using any web 2.0 tools, Reading the Over 120 UCLA Ho...

Reading the Over 120 UCLA Hospital Staff Saw Celebrity Health Records article, what training could you as a manager put into place to avoid this situation? Present your training id

Explain how to identify stakeholders within a project, Normal 0 ...

Normal 0 false false false EN-IN X-NONE X-NONE

Key performance objectives of operation strategy, Key Performance Objective...

Key Performance Objectives of Operation Strategy There is broad consensus that supports the view that operational competitive priorities which satisfy customers such as price

Factors affecting scheduling - internal factors, Factors Affecting Scheduli...

Factors Affecting Scheduling - Internal Factors Internal Factors: These are the factors which are with in the control of the management. These factors should be manipulated in

Explain primarily used to help design products, Which of the following is p...

Which of the following is primarily used to help design products that will connect product attributes with customer desires?

Which new market was opened when apple introduced itunes, 1. When App...

1. When Apple introduced iTunes, a new market was opened. Which of the following describes this type of innovation? a. Value capture b. Presence c. O

How to use the virtual organization link on the student, Resources: Univers...

Resources: University Library, Kudler Fine Foods Virtual Organization Use the Virtual Organization link on the student website to access additional company information on Kudler

Explain purpose of political lobbying, Cindy, an employee of Stellar Snowbo...

Cindy, an employee of Stellar Snowboard Manufacturing, has just signed an authorization card during a union organizing campaign by Local 79 of the Teamsters Union. Cindy has agreed

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd