In the EU, member nations failed to appreciate the degree to which corruption and tax evasion acted as a drain upon the Greek economy and was an accepted part of daily life. Greece's widespread poverty and bloated civil service and pension system resembled a third world, rather than a first world economy -- Greece has been said to have the largest "shadow economy" in Europe (Daley 2010)
Such sharing gives human beings a common international language, and if not erased, then at least softened the intransigent divides between nations. For all of the fear of China's dominance, as an export-driven nation, China's new prosperity is fragile: "The slowdown in the economies of the country's biggest trading partners is projected to cut China's export growth to 10% in 2009 from 21% in 2008" (Duback 2008, p
This phenomenon has been titled globalization." (Porter, 2001) Globalization is thus the greater interconnection and interdependence of organizations, corporations, governments, and individuals from different nations
Of the many types and forms of global music distribution, online music is forecasted to grow at a 31% compound annual growth rate (CAGR), increasing from $5.9B in 2010 TO $7.7B in 2015 (Apple Investor Relations, 2012)
The pervasive influence of the Internet, mobile and streaming technologies, and the shift from CD-based music to digital and online music also signals how quickly the global value chain of the music industry is changing today. Of these many disruptive innovations, the most significant is the shift from individual record labels and their relatively un-integrated approach to delivering digital music to the pervasive platforms that include Apple iTunes (Hopkins, 2011)
These constraints will be assessed and analyzed throughout this report. The Impact of Technology on Online-Based Business Models & Globalization The most powerful catalyst that is revolutionizing the music industry today is the series of disruptive innovations in business models and the global value chain brought about by the convergence of Internet-based technologies, digital content encryption and more advanced forms of Digital Rights Management (Apple Investor Relations, 2012) (Lee, Jaimie, Kim, Kim, Moon, 2011)
Example of this type of business model are those early legal file sharing services that are often defined by their specific definition of security to the IP address level (Preston, Rogers, 2011). The second type of service is based on the Apple iTunes business model, which has served as the catalyst of Microsoft, Nokia and many other attempting to imitate the success of the most successful ecosystem in music today (Apple Investor Relations, 2012) (Pikas, Pikas, Lymburner, 2011)
Contributing to these exceptional levels of growth are the impacts of globalization, technologies that are making online digital music sharing highly price effective and reliable, and greater clarity in the area of copyright and licensing. The global impact of piracy and free source software is also having a very significant impact on the global profitability of the music industry (Preston, Rogers, 2011)
This model has been designed to also support a much faster level of adoption and transition away from the more inflexible CD and tape format to support digital music that can be quickly transferred from one licensed device to another. Nowhere else in the music industry however has the shift of pricing elasticity and its ramifications been so immediate and impactful than in the context of the subscription model in general and the Apple iTunes ecosystems specifically (Spotts, 2010)
Furthermore, those who live in countries with open markets are seeing a growth in their annual income. (Batterson and Weidenbaum, 2000, paraphrased) II
Towards this end a literature review will be conducted followed by an analysis and conclusion. Globalization Globalization has impacted every aspect of daily life across the globe since the shirt one wears may be from Mexico or some other country (Scriven, 2014, paraphrased) their shoes from China and amazingly, it is possible to eat a Big Mac in Moscow
" Education can play a crucial role for developing this language. (Cayir, 2009, p
In reality, universities are at a crossroad between the alleged democracy of a whimsical collegiality and the problematic efficiency of a hard-nosed managerialism (Dearlove, 1995). (Mok, 2003, p
Broad and profound knowledge about Japan with which one can explain persuasively about Japan's history, traditions, culture, society and other aspects (NCER, 1987, p. 94). (Qi, 2009, p
The other trend is a progressive decentralization of the governance of educational systems, which is strictly connected with a tendency toward privatization of educational institutions and practices (see, for example, the growing phenomenon of home schooling) as well as the involvement of other agents in the educational process. (Striano, 2009, p
in, Globalization and higher education organizational change: A framework for analysis Vaira then stresses that both opinions have points of truth and that instead of looking at the situation as an either or scenario we should be looking more closely at the institutional changes that will occur as a change process associated with the various contexts of each institution as well as the variance of demands on the education system in a globalizing society. (Vaira, 2004) This work then sets the stage for reviewing such change processes with regard to the effects of globalization, where the education system must develop future producers in the global economy rather than individuals working within the context of only their own society
This solution is providing everyone with a basic foundation for future studies. (Friday-Stroud, 2007, pp
The solution is that this information can be used in future research to identify the strengths and weaknesses for conducting an international marketing campaign. (Leonidour, 2010, pp
This will help to keep the findings balanced in comparison with other studies that are examined. (Petersen, 2011, pp
It is a method of studying organizations more meticulously and keenly than someone would under different circumstances. How one perceives any organization is grounded on regularities and patterns in organizational behavior and design (Daft, 2013)