To determine:
Whether globalization is a strategy that best suits the enterprise and what factors would influence the decisions?
Introduction:
Globalization is the modern process of businesses developing international influence or operating on an international scale. It is a primary process of interacting and integrating with other individuals, companies and governments of different nations. This process is often driven by international trade, investment and technological advancements leading to alternative growth strategies that exposes business beyond local boundaries. Glocalization is the process of designing and conducting business according to local and global requirements. Multi- domestic is a process that aims to maximize local responsiveness by customizing their product, service and marketing strategy to match different countries.
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Chapter 8 Solutions
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- Why did Bayer Crop Science decide to move from its original regional organization of units to a more global network of units? What were the advantages and disadvantages of this approach?arrow_forwardPlease elaborate as much as you can .Subject Global Strategic ManagementCompany needs to know its resources and capability in order to know it strengths and weaknesses. To stay competitive, a company should always review its value chain. A value chain describes the process by which businesses receive raw materials, add value to the raw materials through various processes to create a finished product, and then sell the end products to customers.One way to discover company’s resources and capability is by look into VRIO framework. Elaborate VRIO.arrow_forwardDo you think Stripe’s strategy of keeping things simple is a sound business plan? What impact do you think the company’s Atlas product offering will have on Stripe’s global expansion? Do you think Stripe’s agility in working with so many different businesses provides the company with a competitive advantage over big banks and credit card companies?arrow_forward
- Choose a local company (not globalized) and complete the SWOT matrix, in which you will develop an internal and external analysis of the strengths, opportunities, weaknesses and threats of this company. In the analysis table remember:Write the positive and negative aspects of the company analysis.include four elements in each quadrant.Write the name of the local company you chose.arrow_forwardShui Fabrics Ray Betzell, general manager for the past five years of a joint venture between Ohio-based Rocky River Industries and Shanghai Fabric LTd., was feeling caught in the middle these days. As he looked out over Shanghai’s modern gleaming skyline from his corner office, Ray knew his Chinese deputy general manager, Chiu Wai, couldn’t be more pleased withthe way things were going. Ten years ago, Rocky River had launched Shui Fabrics, a 50-50 joint venture between the US textile manufacturer and the Chinese company, to produce, dye and coat fabric for sale to both Chinese and international sportswear manufacturers. After many obstacles, considerable red tape, and several money-losing years, the joint venture was fulfilling Chiu Wai’s expectations – and that those of the local government and party officials who were keeping careful tabs on the enterprise – much more quickly than he’d anticipated. By providing jobs to close to 3,000 people, Shui was making a realcontribution to the…arrow_forward1. Explain in your own words: (a) Strategy, (b) Strategic plan, (c) Strategic management. 2. React to the three global strategies. 3. When do you apply each of the three levels of strategy in diversified organizations? 4. Under what situations do you apply each of the 5 corporate-level strategies? 5. Comment on the strategic management process. Can you innovate it? If so, what would you suggest?arrow_forward
- A company that is organized across international boundaries,with decentralized authority and substantial autonomy ateach business via subsidiaries, franch ises, or joint ventures,has:a) a global strategy.b) a transnational strategy.c) an international strategy.d) a multidomestic strategy.arrow_forwardSelect 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 pointsarrow_forwarddo my writting capture multi-domestic, global, and transnational strategies, and compare and contrast each of these strategies with each other while also discussing the advantages and disadvantages of each strategy and to use each of these strategies to manage an international firm. PLEASE do not use a AI to see if my writing is correct. Thank youarrow_forward
- As a strategist you are required to undertake a task and submit a consultancy paper to the Board of Directors of a Multinational Company that seeks to learn strategy lessons from the Ghanaian economy.Required:(a) Critically examine any 11 Grand Strategies in terms of their characteristics, advantages and disadvantages.(b) Comprehensively analyse Porter’s Generic Strategies and for each generic strategy, provide detailed examples of two companies each that have adopted each named generic strategy.(c) Research and find out real Ghanaian corporate examples over the past three decades that fits each Grand Strategy described above in (a) above. (precede each example with a paragraph on the background of the company being named)(d) Investigate what accounted for the success or failure of each example stated in (b) above and provide superior recommendations that would have helped such companies in those instances to achieve their objectives.arrow_forwardAs a strategist you are required to undertake a task and submit a consultancy paper to the Board of Directors of a Multinational Company that seeks to learn strategy lessons from the Ghanaian economy.Required:Investigate what may account for the success or failure of each of Porter’s Generic Strategies and provide superior recommendations that would have helped organizations in those instances to achieve their objectives.arrow_forwardResponding 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…arrow_forward