Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 6, Problem 9CRQ
Compare and contrast a global, regional, and local strategy. Discuss some advantages and disadvantages of each method.
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Chapter 6 Solutions
Principles of Management
Ch. 6.1 - Describe the lowering of trade barriers and its...Ch. 6.1 - What is foreign direct investment?Ch. 6.1 - What has the role of the Internet had on...Ch. 6.2 - Describe Hofstedes approach to defining national...Ch. 6.2 - Describe power distance and its implications for...Ch. 6.2 - Describe individualism versus collectivism and its...Ch. 6.2 - Sescribe uncertainty avoidance and its...Ch. 6.3 - Describe how the GLOBE tools can be used by...Ch. 6.3 - What are the similarities and differences among...Ch. 6.3 - Discuss where the United States, Malaysia, and...
Ch. 6.3 - What are the implications of the above differences...Ch. 6.3 - How can these cultural differences explain why you...Ch. 6.4 - Describe the social institutions that can provide...Ch. 6.4 - How can managers use insights from Hofstede and...Ch. 6.5 - How should training to manage cultural and...Ch. 6.5 - How should training for cross-cultural assignments...Ch. 6.6 - How and why do companies take various approaches...Ch. 6.6 - Why did Bayer Crop Science decide to move from its...Ch. 6.6 - How did Coen build support for the change? Do you...Ch. 6.6 - What challenges do you anticipate as Coen...Ch. 6.7 - Why did McDonalds choose to use strategic...Ch. 6.7 - Why is McDonalds facing challenges in India? What...Ch. 6.7 - What can McDonalds do to address Bakshis concerns?Ch. 6.7 - What can McDonalds do about Bakshis use of local...Ch. 6.7 - What are the factors and approaches that...Ch. 6.7 - Explain the term born global and why it is...Ch. 6 - Why is international management a critical area...Ch. 6 - Briefly describe the main cultural dimensions of...Ch. 6 - What is power distance? What are the implications...Ch. 6 - How is the GLOBE project different from the...Ch. 6 - What are country clusters? Pick any three clusters...Ch. 6 - Compare and contrast low-rigor versus high-rigor...Ch. 6 - What is predeparture cross-cultural training? What...Ch. 6 - What is a global strategy? When do companies...Ch. 6 - Compare and contrast a global, regional, and local...Ch. 6 - What are the various means available to companies...Ch. 6 - What are some of the sources of McDermotts...Ch. 6 - What are some of the cross-cultural differences he...Ch. 6 - What is your assessment of his lessons for...
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- Which of the international operations strategies involves low-cost reductions and low local responsiveness? Select one: a. transnational strategy b. international strategy c. global strategy d. global strategy and. multidomestic strategyarrow_forward3. A company located in Oman decided to enter global markets through using exports and licenses. Discuss in details the global operations strategy options and assume that have been asked as an expert to advise the company in this regards. Which strategy option you will suggest for this company and why?arrow_forwardInternational, global, multi-domestic, and transnational that may be executed by a company looking to expand overseas and comment on at least two advantages and two disadvantages of the strategy.arrow_forward
- In the international environment, firms use four basic strategies. These are an international strategy, a transnational strategy, a global strategy, and a: Select one: a. Transnational strategy b. Regional strategy c. Global strategy d. Multi-domestic strategyarrow_forwardConsider a South African businesses expanding their operations internationally. List the tasks they need to fulfil in the strategic planning process before going global.arrow_forwardWhat are the basic differences between a domestic strategy and an international strategy?arrow_forward
- Cross-cultural analysis is very difficult for many reasons. Make a chart of 5 differences incultures between the two countries, Italy and Bangladesh respectively. Provide with 5 examplesof the basic issues that the company must consider when planning this cross-cultural businessinitiative.arrow_forwardDefine multidomestic strategy and global strategy, give the pros and cons of each, AND explain the difference between the two, in terms of the dimensions that they balance.arrow_forwardIdentify a company that has expanded or is planning to expand into international markets. The company you identify could be a small firm, a large multinational, or a new start-up going global from the beginning. Your analysis should consider the following: A. A brief overview of the company. what it makes or sells, when it was founded, a number of employees, annual revenues/profits, form of operations. B. Analysis of its international/global strategy. What was the motive for expanding into international markets? You may choose to focus on strategy in a particular region or country or focus on how the strategy changed from country to country. C. For the country you researched in project 1, analyze if this company should enter that market and if so, how...ie export, licensing, franchising, strategic alliance or FDI ASSUME THE COMPANY IS NOT OPERATING IN YOUR COUNTRY NOW, EVEN IF THEY ARE. D. Discuss challenges, obstacles, and setbacks to their globalization efforts and what the firm did…arrow_forward
- Find out a company either local or global that has applied any international strategy like global, multi-domestic or transnational & then later changed it to another one. Why this change happened? Point out a few reasons & discuss briefly.arrow_forwardSuppose that Herbawi company has decided to expand internationally, answer the following questions: a) do Herbawi company should use a standardization strategy or localization strategy, and why? b) which markets should the Herbawi company target, and why? c) do think sprinkling strategy or waterfall strategy would be appropriate for Herbawi and whyarrow_forwardShould Airbnb have entered the Chinese market in the 1st place? If Airbnb continues with its entry into the Chinese market, how should it best position itself? Should it use its established formula, or localize? If Airbnb localizes, what are the possible ways of localizing? Which one should it prioritize?arrow_forward
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