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Localization economies occur when an increase in the size of an industry in a city leads to an increase in productivity of a particular activity. [2] Alfred Marshall (1920) introduced the idea that the localization of industry can increase productivity in his book Principles of Economics.
For companies: Economic agglomeration would cause fierce competitive pressure. Competition can reduce the market price, motivating companies to innovate and increase production efficiency. [26] However, over-competition would hinder companies' development and innovation, and would also generate some social problems. [citation needed]
Lionbridge was founded in 1996. [2] In 2005, they acquired Bowne Global Solutions, then the largest localization provider. [3] In 2014 they acquired Darwin Zone, a digital marketing services agency based in Costa Rica, [4] and Clay Tablet Technologies, a content connectivity software firm.
Disney unveiled its largest ever commitment to local language content production in Asia on Thursday at a series of in-person, hybrid and fully online showcase events. The product reveals follow ...
Cluster theory is a theory of strategy.. Alfred Marshall, in his book Principles of Economics, published in 1890, first characterized clusters as a "concentration of specialized industries in particular localities" that he termed industrial districts.
The cost to the companies increases as they cannot standardise products and projects, different cultures have different needs and wants which is highlighted in this challenge. An example of a company succeeding in creating new products for their emerging market is McDonald's new rice meals in India and China . [ 28 ]
In a statement to CNN on Monday, the company said the changes are part of “a long-term strategy” set earlier this year. ... Brian Sikes has been the company’s president and CEO since 2023.
Image source: The Motley Fool. Stratasys (NASDAQ: SSYS) Q3 2024 Earnings Call Nov 13, 2024, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...