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- Answer all questions A) With relevant examples, compare the absolute advantage theory and the Comparative Advantage theory. What lessons can be learnt from these theories? B) Understanding the beliefs, values, behaviour and material objects that together form a people’s way of life is crucial in International Business. Examine the various aspect of culture that an International Business Manger should consider and how they affect business strategy. C) In the quest to transform the Ghanaian economy, the Government of Ghana introduced the Ghana Free Zones Programme. Critically examine how this programme has added value to the economy of Ghana.create a report that achieve the following objectives:Knowledge1. Describe the international business environment in the Caribbean.2. Evaluate the environment in which international business is conducted.3. Differentiate the international opportunities and challenges facing Caribbean firms.4. Identify current issues affecting the conduct of international business, particularly forCaribbean firms.5. Evaluate the impact of globalization on strategy formulation and implementation ofCaribbean businessesSkills6. Formulate an international strategy including applying different modes of entry into aforeign market for an existing or fictitious company.7. Integrate issues of cultural and societal diversity into the international business decisionprocess.8. Develop strategies for leveraging cultural diversity into business operationsAttitudes9. Appreciate the implication of current world events for the practice of international business. choose a product from a corporation and assess the…create a report that achieve the following objectives:Knowledge1. Describe the international business environment in the Caribbean.2. Evaluate the environment in which international business is conducted.3. Differentiate the international opportunities and challenges facing Caribbean firms.4. Identify current issues affecting the conduct of international business, particularly forCaribbean firms.5. Evaluate the impact of globalization on strategy formulation and implementation ofCaribbean businessesSkills6. Formulate an international strategy including applying different modes of entry into aforeign market for an existing or fictitious company.7. Integrate issues of cultural and societal diversity into the international business decisionprocess.8. Develop strategies for leveraging cultural diversity into business operationsAttitudes9. Appreciate the implication of current world events for the practice of international business.
- Tesco in Japan and Asian markets Tesco decided to bring together a team of Asian managers who would visit and examine Tesco’s operations in the UK. As Tesco in-siders, they would be familiar with the company’s mission, values, processes, and procedures and thus would be able to feel at home in the store context; as outsiders in the UK, they could see things differently from the British managers, thereby bringing valuable home-country insights and sharing best practices that had evolved in their local markets. The project, “The Essence of Tesco,” had a two-pronged strategic purpose: (1) to determine what was and wasn’t working by conducting a health-check of Tesco UK’s current corporate state; and (2) to compare and contrast that state with what had evolved in Tesco’s Asian subsidiaries so as to learn from and leverage them globally. Tesco chose nine managers from six of its Asian subsidiaries: two each from Thailand, South Korea, and China—its largest Asian markets—and one each from…1. If you were a manager for Baskin-Robbins, how would you evaluate a request from a local partner in India to add sugar-cane-flavored ice cream to its menu? What cultural factors would you look at? 2. Do you think Dunkin’ Brands should let local operators make their own decisions regarding flavors for ice creams, donuts, and other items to be sold in-country? How would you recommend that the company’s global management assess the cultural differences in each market? Should there be one global policy?1. Identify and describe the type of international business of Sushiro. 2. Identify and explain ONE key factor prompted Sushiro to operate outside Japan. 3. Explain ONE key social or cultural factor affected the company’s international business activities. 4. Analyse and explain ONE key risk the company faced when it operates overseas. 5. With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro? Explain.
- Based on this 'Crispy Krepe Doughnuts Inc 2015'. Write a introduction about the company’s background using your own words. Briefly explain and describes the company’s background, including its industry and extent of its multinational reach for identifying expansion factors and corporate strategies with explanation.Krispy Kreme Doughnuts Inc 2015 Write a introduction about the company’s background using your own words, which describes the company’s background, including its industry and extent of its multinational reach for identifying expansion factors and corporate strategiesWhat are the benefits of global strategy if John is to pursue Cost reduction Improved Quality of Products and Programs Enhanced Customer Perspective
- Provide at least two (2) examples/case studies of international strategies of multinational corporations in Switzerland, that have succeeded or failed. Be sure to state the international strategy utilizedThe management team of Drip Footwear is revisiting their international strategies with the hopesof improving on past decisions. Drip Footwear aims to expand on their African market and want tomove in Botswana. Recommend an international strategy for Drip Footwear to expand intoBotswana. An outline of the typical evolution of a multinational enterprise.• A macro environmental analysis of Botswana.• Recommendation of an appropriate international strategy for Drip Footwear to expand intoBotswana.• Arguments support your recommendation.Analyse the external business environment and the international strategy and/or market strategy pursued by H&M Company using Yips module. a) H&M Globalization drivers b) Management and Organizational Factors c) Global Strategy Levelers