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Understand the role of cross-functional teams in promoting integration?
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- Illustrate and explain interdependence revolution.The more dissimilar two cultures are, the greater the degree of influence culture has on intercultural communication. How strongly intercultural communication has affected the business worldQ5) a)Because of their relatively small national economies, which of the following is most likely considered to be the most important factor for Belgium, Korea, and Canada to take full advantage of specialization? Division of labor International trade Economies of scale b) In a market economy, ___ own(s) the means of production. individuals everyone the government or ruling class c) Which of the following is required for specialization to work? (Choose the best answer) Technology Education Trade choose correct option, solve all three subparts early
- Explain horizontal and vertical integration.“In an era of globalization, firms build cross-border alliances or international strategic alliances (ISAs) to achieve certain strategic objectives, such as knowledge creation, with the help of overseas partners. Working with partners complicates the operation of such alliances, however, particularly when the partner firms come from countries with very different cultures, institutions, and levels of economic development. Do you agree with this statement? If yes, what would you propose to make international strategic alliances more effective/successful?Explain how hold-up problem can lead to vertical integration?
- What political factors are driving the new global innovation economy?Which is an example for inter-industry (within-industry) reallocation? A:The car industry expands, while the textile industry contracts. B:More productive textile producers expand and less productive textile producers contract. C:Each country specializes in its competitive advantage industry. D:Firms move down their learning curves.Is the traditional model of comparative advantage inconsistent or consistent with the theory of multinational enterprise?