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- Adopting a global vision can be very lucrative for a company. Explain how?What is the difference between going "multinational" and "transnational." What would that look like for a US hospitality company? What are the benefits and drawback of each approach and which approach would you recommend?How can values, cultural competence, ethics, and understanding of international business best practices aligns with or differs from those of a MNC?
- a) What are Multinational Companies (MNCs) and why it is said that they hold ‘best practices’ and ‘state of the art’ technological and organisational knowledge? b) Let’s assume that you are the manager of a local company in your own country aiming at supplying goods and services to MNCs. What strategies would you introduce in order to maximise the benefits of partnering with MNC subsidiaries? Please explain fully. c) In a second scenario, assume you are the manager of a domestic rival company aiming at competing with MNCs. What processes and steps would you take to compete and remain in the market? d) In a third scenario, you are a policy advisor of the national government in your…a. What is globalization to the international business? b. Discuss FOUR (4) elements of Porter’s theory of national competitive advantageExplain why it is important to balance the duties of the three groups of managers (Worldwide functional manager, National Subsidiary manager, Transnational managers) in charge of international business, global functions, and geographic region. Discuss why it is necessary to reconcile the responsibilities of the three groups of managers responsible for global business, worldwide functions, and geographic territory.
- Today's management environments are becoming more diverse and complex. This is especially true for a global management approach. Explain fully the necessary characteristics of a global manager. PLEASE do fast ASAP fastWhat are two things someone can learn from Managing in a Global Environment and Planning and Goal Setting and how might this new information be relevant to a future career?3.a) What are Multinational Companies (MNCs) and why it is said that they hold ‘best practices’ and ‘state of the art’ technological and organisational knowledge?3.b) Let’s assume that you are the manager of a local company in your own country aiming at supplying goods and services to MNCs. What strategies would you introduce in order to maximise the benefits of partnering with MNC subsidiaries? Please explain fully.3.c) In a second scenario, assume you are the manager of a domestic rival company aiming at competing with MNCs. What processes and steps would you take to compete and remain in the market?3.d) In a third scenario, you are a policy advisor of the national government in your country. What actions and policies would you implement in order to create a facilitating environment for MNCs and to increase the potential to gain technological knowledge? Why?