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There is no one best way to enter foreign markets. It is a case of horses for courses.’ What does this statement mean to you? How does it impact processes and procedures? When i hear this statement I often think …
Describe in your own words what functional benchmarking is. Why is it important in the global business environment? I have never heard of the term functional benchmarking before now, but I am glad i am now familiar. It seems like …
What is value analysis? Why is value chain a critical business function? What are the advantages and disadvantages of value chain analysis? Value Analysis is a theory that honestly underlines the most basic considerations of a business; am I profiting …
What is the Diamond Model? Based on the Diamond Model, what four factors determine a firm’s competitive edge? Why? The other thing that was learned during this week was that of the Porter Diamond Model and the sort of premise …
What are some reasons why a domestic firm would choose to “go global”? Which reason do you believe is best? Explain your response. Based on the readings for this week from lesson 1.1 and lesson 1.2, there could be different …
What are the advantages and disadvantages of the five structures? Frynas & Mellahi (2015) defined the five structures followed by multinationa organizations to be international division structure, geographic division structure, product division structure and a matrix structure. Depending on the …
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When discussing international strategies, is it reasonable to consider a business to be composed of 4 ‘super’ functions: operations, marketing, support services, and research and development (R&D)? Is it reasonable to make the distinction that the first three functions are …
What are the advantages and disadvantages of the five basic types of structures for multinational firms? Multinational organization can utilize any of the five basic types of structures to develop different work teams and groups of its employees and achieve …
When discussing international strategies, is it reasonable to consider a business to be composed of 4 ‘super’ functions: operations, marketing, support services, and research and development (R&D)? Is it reasonable to make the distinction that the first three functions are …
Explain the relationship between the three generic strategies and headquarter subsidiary relationship. The three generic strategies i.e. cost leadership, differentiation and focus is greatly related to the relationship of headquarter and a subsidiary. Both of these entities can work together …