Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Internationalization has become a common strategy for sustenance of firms in emerging economies.
Required:
i. Explain the main phases that firms pass through as it evolved into a truly global firm??
ii. What are the advantages and disadvantages of each of the phases identified in (i) above?
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- 1. To benefit from the globalization of markets, a company has to be a multinational firm. A. True B. Falsearrow_forwardFrom the following, please identify the 2 statements that are true as well as the 2 statements that are false. A) Local responsiveness is the process of combining differentiated parts into a standardized whole. Global integration is the process of disaggregating a standardized whole into differentiated parts B) A differentiation strategy works well when a company can continually develop products that have unique features. C) The international strategy leverages a company’s core competencies into foreign markets D) Differences in local consumers’ preferences endure due to cultural predisposition, historical legacy, and endemic nationalism.arrow_forwardStudying international business is important for all the following reasons except for ________. A) It explains why a government is motivated by profit. B) An understanding helps you decide what governmental policies to support. C) The best way of conducting business may differ by country. D) It helps managers to decide where to find resources and to sell. E) Modes of operations may differ from those used domestically. F) Most companies are either international or compete with international companies. G)An understanding helps you make better career decisions.arrow_forward
- Which of the following is the most unlikely element of a global approach to crafting an international strategy? A) Selling much the same products under same brand names worldwide B) Requiring local managers in host countries to stick close to the chosen global strategy C) Scattering plants across many countries, with each plant producing product versions for local area markets D) Minimal responsiveness to buyer tastes, cultural traditions, and market conditions in each country market E) Utilizing the same competitive capabilities, distribution channels, and marketing approaches worldwidearrow_forwardAnswer it fast 1. (A) Describe when a firm may pursue an international strategy and a localization strategy for product offering. (B) Why do an international strategy and a localization strategy may not be viable in the long term? Explain with relevant examples.arrow_forwardAfter a discussion on the international strategies discussed in the course, which strategy couldAMSUPP use to attract customers in Singapore? You must use information from the case tosupport your discussion.arrow_forward
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