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Introduction to Case Study
WV
by
William VanBuskirk
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Updated Dec 1, 2021
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00:00
Chapter 1
Audio Transcript
Auto-generated
00:01 - 00:02
an introduction to this case.
00:03 - 00:04
B C M C.
00:04 - 00:08
S involvement in Mexico presents many layers of difficulty the company must face,
00:08 - 00:12
including factors such as the current political, economic, social,
00:12 - 00:16
technological, environmental and legal state of Mexico as a country.
00:16 - 00:18
While Mexico operates as a democracy,
00:18 - 00:21
corruption is absolutely a major element at play in their political.
00:22 - 00:22
Despite this,
00:23 - 00:26
Mexico maintains a fair level of say in the global political sphere.
00:26 - 00:29
Given their positive relations with Canada and the United States of America.
00:29 - 00:32
Mexico is also the second largest economy in latin. America,
00:33 - 00:34
second only to brazil,
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with our largest exports being crude oil,
00:37 - 00:37
vehicle
00:38 - 00:38
computers
00:38 - 00:40
and spare parts for manufacturing.
00:40 - 00:43
However, despite the size of their economy,
00:43 - 00:46
8.5% of the population were living on the poverty income.
00:46 - 00:47
By the end of 2020,
00:48 - 00:49
socially,
00:49 - 00:52
Mexico's main problem is the growing divide between the rich and the poor,
00:52 - 00:55
but increasing education and literacy rates are
00:55 - 00:56
way of attempting to limit this divide.
00:57 - 01:01
The primary problem blue chip manufacturing company is facing is that they need to
01:01 - 01:03
place more consideration on the micro environment
01:03 - 01:04
in which they are pursuing business.
01:05 - 01:08
Air pollution, drawing water supply and water pollution are key issues
01:08 - 01:11
and their effects are becoming more unavoidable in the last few years.
01:12 - 01:13
Alongside increasing poverty,
01:13 - 01:16
these shortcomings are leading to the questioning of Mexico's
01:16 - 01:19
government and how they handle important business and civil problems
01:20 - 01:22
with Mexico's well known history of political corruption,
01:22 - 01:24
it puts the CMC in a position where they will
01:24 - 01:27
see where they will receive heavy scrutiny from civil sectors.
01:28 - 01:31
Secondary problems are uncertainty of social responsibility that
01:31 - 01:33
can be felt in the business sectors,
01:33 - 01:35
and the absolute lack of transparency
01:35 - 01:37
alongside lenient policies
01:37 - 01:39
that do not do enough to push for the rights of workers,
01:39 - 01:40
consumer
01:40 - 01:41
and business.
01:41 - 01:44
The lack of legislation against manufacturers blurs the lines of
01:44 - 01:47
how regulation should be implemented against how they operate,
01:47 - 01:48
how they operate,
01:48 - 01:51
increasing the public's growing concern about social responsibility.
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