Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
What strategies would you introduce as a manager of local company in order to maximise the benefits of partnering with MNC subsidiaries? Please explain fully.
Expert Solution
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Step 1
Note: The answer we have given is in a generalized way.
Multinational corporations are described as businesses having substantial tangible and intangible assets, enabling them to grow their operations internationally and using global diffusion as a key source of competitive advantage. Most businesses that are in the process of going global must contend with the demands of global integration and local responsiveness, and some decide to create a strategic alliance with a partner to more easily accomplish these demands.
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