Aufgabe Vorschlag A - Aufgabe 3 (3.3) · Abitur Hessen Wirtschaftslehre LK · bilingual Englisch 2022

Describe what a global production network is

Lösung: Global Production Networks (GPN) are organizational platforms through which actors (e.g. companies, households, governments, associations, NGOs etc.) in various regional and national economies compete and cooperate in geographically dispersed economic activities to capture value in the production, distribution, and consumption of goods or services.

Identify four potential benefits to companies being organized in GPNs

Lösung: Four benefits from: - Access to new markets, customer and supplier groups, new partnerships - Market share gains - Revenue and profit growth - Exploiting cost savings and efficiency potentials (economies of scale and scope) - Access to (cheap) skilled labor and essential resources - Increased production flexibility (e.g., balancing capacity between locations) - Competitive advantages and strengthening market position

Identify four risks to companies being organized in GPNs

Lösung: Four risks from: - Lack of adequate global, strategic long-term perspective - Differing production technologies; complex, costly transfer of products, tech, and knowledge - Protracted, politically difficult consensus-building with multiple stakeholders - Reassessing product mix, locations, and relationships due to new market access - Differing safety and environmental regulations in other regions - Adhering to economic and political regulations - Adapting to differing labor and social standards