Philosophy And Existentialism: The Meaning Of Life

Philosophy and Existentialism: The meaning of life

Introduction.

The following essay will critically evaluate the product life cycle theory as one of the theories of internationalization of companies, referring to international businesses the concept of science will be applied and, in turn, Popper’s philosophy andBunge. In the same way, the content and scientific nature of this theory will be analyzed, in which the following problem could be evidenced: how does the decline of the product influence the process of internationalization of the companies?, Then, this theory presents the following thesis: Innovative companies consider that it is better to have production facilities near the market and decision -making centers, due to the uncertainty and risks involved in introducing new products.

In relation to the problem posed above and analyzing the scheme that follows the product life cycle, it can be identified that the problem that tries to solve is that, given the management of the new product, benefits in operations should be sought by understanding the understanding of theConsumer demand, this in order to avoid repetitive and unnecessary functions during the development and design process of said product.

Developing.

To begin with, the product life cycle theory states that the idea of a new product occurs and sells in the country of origin, in this case emphasis is placed on developed countries. Then, this product is marketed in other developed countries and the production of the former moves the countries of the second.

In this way sales are started in emerging countries and part of the production process is moved to reduce costs. Finally, the entire production process moves to emerging countries for sale worldwide.

Once this theory has been explained, it has been deduced that the basic science budgeted in this is the economy, since its object of study shows the functioning of the trade of companies in global markets through the creation of new products. In the same way, we can mention psychology due to the effect of necessity that creates in the consumer in the idea of acquiring the new product.

First of all, to evaluate the scientific content of this theory it is pertinent to publicize the philosophy of Karl Popper and Mario Bunge. First, according to your thinking, there is a fundamental requirement that any hypothesis (provisional theoretical statement) or hypothesis system must comply with if the status of scientist has to be given. If it must be scientific, a hypothesis must be falsifiable, this means Popper that arguments that refute the hypothesis can be raised.

On the other hand, referring to the demarcation problem, the following is mentioned: the bad thing about pseudoscience is, in the first place that he refuses to base his doctrines and that he cannot, in addition, do so because he totally breaks our scientific inheritance. What this appointment means according to Bunge is that pseudoscience is incontrastable because it tends to make your hypotheses confirmed whatever happens and, in the same way, it refuses to undergo experimentation.

In accordance with the previous paragraph, it is pertinent mentions the following theories through which it was intended to explain internationalization, the first is: the life cycle of companies, in which taking into account the life cycle of the product in which theFDI (direct foreign investment) is the best way to exploit innovation, the developed company produces and sells its products in the country of origin due to the demand and level of income of its consumers which encourages innovation.

This theory deduces that the country of origin is a developed country. Applying the falsificationism of Karl Popper, it can be said that this internationalization theory is not falsifiable due to the fact that its statement by deducting that yes or yes the country of origin is a developed country, it is limiting to be refuted, since it takes as true itsTheory, whatever the case, in addition, for Popper the unique statements do not determine the truth of any theory.

Another theory is: gradual internationalization or UPSALA model, in which the company that wants to internationalize does not have sufficient knowledge about countries, which turns out to be a risk of wanting to invest outside their country, this is consequently at the distance betweencountries for factors such as: language, education, culture, etc. In a certain country.

This theory deduces that companies have risk aversion. Likewise, falsificationism tells us that the insignificant resulting experience for the refutation of a hypothesis, and this theory mentions that through experience you can reduce the degree of risk of making any type of investment in another country, so this theorydoes not present a certain mechanism so that the hypothesis can be validated or refuted.

Similarly, with the above we can mention that the new products that are created and sold for the first time in developed countries, does not necessarily mean that production should be executed in its place of origin. In fact, today various new products are introduced from Japan or Europe. In the same way, with the constant growth of globalization every time new products are inserted simultaneously in various developed countries. 

Although Vernon’s theory details the international trade scheme in the period that the United States had the dominance of the world market, its adequacy for today’s world is limited. In this way, the research design of the product life cycle theory will be exposed. First, the focus of this is the qualitative one, since the life process of a product was analyzed and as advanced countries go from exporters to importers, however no numerical data were used to obtain this information. 

Then, the present strategy is the case study because it takes as reference to the United States (developed country) which constantly launches new products to the global market. Then, the temporary horizon in this study is the longitudinal trend, since this theory meets a series of stages that follow a certain sequence which makes us know how certain phenomenon evolves, in this case the stages of the product life cycleThey are: Introduction of the product to the market, growth, maturity and decline. 

Finally, the scope of this research is the correlational explanatory because it evaluates the existing connection between two variables, in this case the variable one is: the product life cycle, and variable two: they are the theories by which it was intended to explain theInternationalization.

conclusion.

In conclusion, and responding to the hypothesis proposed above, it can be deduced that when the decline of a product is given, the most successful as a company is to start the life cycle of a better product. However, once the theories that tried to explain internationalization, it can be said that when considered pseudoscientific it would not be correct in the business world and instead other strategies that have passed through the process of the scientific method could not be considered. Similarly, in the design of the investigation it was found that the approach to the product life cycle theory is qualitative, the present strategy is the case study, its temporal horizon is longitudinal trend, and the scope of the investigationis the correlational explanatory.  

Bibliography.

• Bunge, m.  Scientific research its strategy and philosophy. Barcelona: Ariel, S.A.
• Hill, c. International Business-Competence in the Global Market. New York: University of Washington. Marcos Carbonelli, J. C.
• Introduction to scientific knowledge and research methodology. Florencio Varela: Arturo Jauretche National University. Spencer, e.
• Synthesis of theories on the internationalization of companies: study based on companies from developed and emerging countries. Santiago: Faculty of Economics and Business of the University of Chile.