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- Someone provided the same follow up question Please read and provide thorough analysis 1.Provide at least two (2) examples/case studies of international modes of entry utilized by multinational corporations in Thailand, Malaysia and South Korea that have succeeded or failed. The name of the multinational must be clearly stated in each example. Be sure to state the mode of entry utilized in each example in each country. Why do you think they would have succeeded or failed in each example included?Responding to a Changing Industry Rockwater, a wholly owned subsidiary of Brown & Root/Halliburton, a global engineering and construction company, is a worldwide leader in underwater engineering and construction. Norman Chambers, hired as CEO in late 1989, knew that the industry’s competitive world had changed dramatically. “In the 1970s, we were a bunch of guys in wet suits diving off barges into the North Sea with burning torches,” Chambers said. But competition in the subsea contracting business had become keener in the 1980s, and many smaller companies left the industry. In addition, the focus of competition had shifted. Several leading oil companies wanted to develop long-term partnerships with their suppliers rather than choose suppliers based on low-price competition. With his senior management team, Chambers developed a vision: “As our customers’ preferred provider, we shall be the industry leader in providing the highest standards of safety and quality to our clients.” He…Strategic management- South African perspectice: A way of avoiding the discontinuous innovation and market destructionassociated with radical innovation is to be able to manage the transition to new technologies that have more potential, to “cross discontinuities” effectively. Foster considers certain strategic errors to be the cause of companies’ market losses in the face of technological changes. Using your own words, discuss these strategic errors.
- The top management of your company, a manufacturer and marketer of smartphones, has decided to pursue international expansion opportunities in eastern Europe. To ensure success, management’s goal is to enter countries with a high level of global connectedness.Prepare your executive summary to support your recommendations.Identify the top THREE eastern European countries where your company can market its current product line.#Do the research, analyze,McDonald’s Global Compensation Practices: This feature explores McDonald’s efforts to develop a global compensation and performance appraisal strategy. McDonald’s, which has over 400,000 managers and senior employees working in 118 different countries, wants its new program to provide some standardization of compensation and performance appraisal for the firm, but at the same time, allow subsidiaries to tailor the program to local market conditions. Discussion Questions 1. What does McDonald’s hope to gain from having a global compensation and performance appraisal system in place? 2. How does the compensation and performance appraisal system introduced at McDonald’s allow managers to take local market differences into account? Why is this type of approach important to employees? 3. How does McDonald’s approach help the company to consider local differences when reviewing the performance of different country managers and awarding bonus pay?help asap please, give an correct and elaborated answer. 3. What are the stages that companies go through from being a non-global company to being a true global multinational company? What is the most difficult stage, why?
- In Gass, 10-25 Minutes for Teams Assume you are thedirector of marketing for a U.S. firm that produces oneof the products listed below. Your firm is consideringgoing after the Indian market and is faced with thedecision of the bes! entry strategy. Should your firmsimply export their products, or would a strategic alliance, licensing, a joint venture, or direct investmentbe a better choice? Develop your ideas for a best entry strategy. Be specific in your recommendations fora strategy, how to implement the strategy, and yourreasons for your recommendations.Products:1. Tablets (similar to the iPad) targeting the consumermarket2. Expansion of your discount retail store chain3. Short-term (from an hour up) auto rentals1. Following Putin's initiation of a war with Ukraine, countries around the world responded with bans on Russian oil and other imports. These politically motivated trade sanctions can best be described by which concept? A. Trade embargos B. Export control C. Tariff barriers D. Deadweight cost 2. Which political argument against free trade most closely aligns with the current situation between Russia and the nations who have banded together as a coalition to make Russia the most sanctioned country in the world? A.Foreign policy B. Consumer protection C. Environmental and social responsibility D. National security 3. There are economic gains when firms from different countries can freely trade and engage in foreign direct investment (FDI). Thirty years of global economic integration with Russia has now come to an end for the time being. While emphasizing economic benefits, global economic integration is political in nature with which of the following as Its most fundamental goal? A. To…Rockwater, a wholly owned subsidiary of Brown & Bread, a global engineering and constructioncompany, is a worldwide leader in underwater engineering and construction. Norman Chambers,hired as CEO in late 2019, knew that the industry’s competitive world had changed dramatically.“In the 1990s, we were a bunch of guys in wet suits diving off barges into the North Sea withburning torches,” Chambers said. But competition in the subsea contracting business had becomekeener in the 2000s, and many smaller companies left the industry. In addition, the focus ofcompetition had shifted. Several leading oil companies wanted to develop long-term partnershipswith their suppliers rather than choose suppliers based on low-price competition.With his senior management team, Chambers developed a vision: “As our customers’ preferredprovider, we shall be the industry leader in providing the highest standards of safety and quality toour clients.” He also developed a strategy to implement the vision. The…
- Select an organization the team is familiar with and which has a global presence.General motorsManagement in the team’s organization has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.Createa 3 to 4-slide PowerPoint® presentation in which you describe or explain how each of the following are or potentially will affect General motor :The effect of global competition on the decisions made by management with regards tochange in labor demandsupply relations with unionsRecommend how the organization you chose may respond to each of the previous pointsFill in the blank with the missing term(s) 1. The influences in the global economy are Click or tap here to enter text., Click or tap here to enter text. of Click or tap here to enter text. . 2. Code of Business Conduct are Click or tap here to enter text.,Click or tap here to enter text. and Click or tap here to enter text.. 3. Click or tap here to enter text. prohibits salespeople from joining a competing firm for a year after they leave. Filling in the below table with the best matching term: ● Trust in transactional sales● Influences of sales management ● Reciprocity● Business slander ● Business libel● Bribery ● Non-compete clause● Business ethics ● Ethical decision-making ● Product disparagement ● Competition Act ● Trust in strategic alliance salesWhen McDonalds, an American multinational corporation, entered the Chinese market, it faced many cross-cultural management challenges due to cultural differences. (a) In light of the above statement, explain the cultural differences between China and United States of America using Hofstede’s cultural values model. (b)You have been appointed as the new Regional Manager to oversee McDonalds operations in China. You are aware of the need to deal with cultural differences and to adapt to the Chinese culture. Explain the international strategies that you would implement for McDonalds in China in the management of its: product marketing workforce