Understanding Globalization. Management Assignment.

Understanding Globalization
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Understanding Globalization
Trust is one of the most perilous factors in a dedicated and cooperative relationship between supply chain associates. The presence of trust between these partners improve the chances of business success and reduces the costs of the transaction. Supply chain organizations need to work with confidence for flexibility and agility. However, founding trust tends to be obscure and tougher to maintain (Sahay, 2003). Thus, supply chain relationships require both parties to take risk and interdependence to ensure no exploitation on partner’s based on their vulnerabilities. Development of trust in supply chain organizations needs them to develop honesty, fairness, competence, openness and loyalty. Globally, supply chain organizations have been facing various challenges while implementing the trust between themselves (Sahay, 2003). These challenges are activated by the cultural and mindset differences between the partners.
Some of these hindering challenges include legal issues in the areas of operations. Globally, countries have different legal rules a...