EXPLAIN Why is strategic management considered important for global market competition? What is the impact of sustainability in business? Why are strategic decisions different from other kinds of decisions?
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EXPLAIN
- Why is strategic management considered important for global market competition?
- What is the impact of sustainability in business?
- Why are strategic decisions different from other kinds of decisions?
Step by step
Solved in 2 steps
- 1 What is IBM’s Smarter Planet business strategy? How does this strategy relate to IBM’s mission and values?Suppose DAK Corporation plans to open its factories in Brazil, where culture and socio-economic context isdramatically different from other countries. Critically examine the strategic options you will adopt as a Global StrategyHead of DAK Corporation if Brazil is considered as a Turbulent and High Velocity Market. Your answer should includeelaborate analysis of the moves DAK corporation needs to follow in order to succeed in such marketsAnswer 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.
- a. Strategic alliance is an effective strategy today to sustain in the market under global competition. Why does it form and how can you make it sustainable? b. What strategy or strategies do you think will work well for a market leader firm inBangladesh electronics industry?Share some advantages or disadvantages of the following organizational structure in global marketing: 1. Product, 2. Area, 3. Customer, and 4. T-shaped organization structure. - List in bullet points and discuss. 2. Share your views on How (i) Government regulation, (ii) Nontariff barriers, (iii) cultural, (iv) economic status of potential users, and (v) climate/geography impact product adaptation decisions. - List one statement for each of the above-listed factors - Must list in Bullet points format and discuss each point.What is a strategic network? What is a strategic center firm? How is a strategic center used in business -level, corporate -level, and international cooperative strategies?
- Prepare to discuss the use of newer strategic models. Ensure the following question is addressed. Why is it necessary, in global competitive environment, that multinational enterprizes (MNEs) rely on newer models instead of simple models of centralized or localized innovation?Contemporary international business approaches appear to take a different stand fromtraditional international business approaches. In traditional international business, competitorsare viewed as rivals and MNCs need to strategise to counter industry rivalry. However,contemporary international business views competitors as allies and, in fact, MNCs areadvised to form strategic alliances with their competitors. This shift in paradigm has createdmany possibilities and opportunities for MNCs. The continuous economic growth in the AsiaPacific region is presenting tremendous opportunities for MNCs in the region. MNCs observenew shifts as a means to capitalize on new opportunities because these shifts reflect newinternational business opportunities in the 21st century. Discuss, with examples, any FIVE (5) emerging shifts in international business in the 21st century.Your answer should cover the impact of Artificial Intelligence (AI) in International Business.What is the strategy to do for this threats: Low barriers of entry for competitors, Dependence of impact evaluation on stakeholder biases, Growing competitive pressures?
- As per the global competition strategies of company: (1) international strategy, (2) multi-domestic strategy, (3) global strategy, and (4) trans-national strategy. In your opinion, which strategy does Zoom use to compete in the global market? In your opinion, has Zoom achieved success and competitiveness in the global market? Please explain your answers3 How can IBM communicate its strategy to compa- nies, cities, and governments?How can IBM communicate its strategy to companies, cities, and governments?