International Management
1 Which of the theories of international trade can help Indian services providers gain competitive edge over their competitors?
Ans The theory of free markets can help indian services providers gain competitive edge over their compititors because India has got an edge over other countries at this point of time but other nations may try to make their products look cheaper by manipulating their currencies or by imposing restrictions on imported service especially from india You only need one theory - do something better than your competitors (either make a better product, market it better, service it better, price it cheaper, whatever). ONE SUGGESTED THEORY to gain dynamism and competitiveness
IN OPERATION .
A.Developing executive leadership at three levels that is
-top team,
-the personal development of individual executives as leaders and
-the Chief Executive Officer (CEO)
B.Getting strategy to work
C.Achieve learning through knowledge management
D.Achieve supply chain excellence
E.Develop branding strategy.
2 Pick up some Indian services providers. With the help of Michael Porter’s diamond, analyze their strengths and weaknesses as active players in BPO.
Ans Pick up some Indian services providers. With the help of Michael Porter’s diamond, analyses their strengths and weaknesses as active players in BPO.
The Diamond Model of Michael Porter for the competitive advantage of Nations offers a model that can help understand the comparative position of a nation in global competition. The model can also be used for major geographic regions.
Traditional country advantages
Traditionally, economic theory mentions the following factors for comparative advantage for regions or countries:
1. Land
2. Location
3. Natural resources (minerals, energy)
4. Labor, and
5. Local population size.
Because these 5 factors can hardly be influenced, this fits in a rather passive (inherited) view regarding national economic opportunity.
Ans The theory of free markets can help indian services providers gain competitive edge over their compititors because India has got an edge over other countries at this point of time but other nations may try to make their products look cheaper by manipulating their currencies or by imposing restrictions on imported service especially from india You only need one theory - do something better than your competitors (either make a better product, market it better, service it better, price it cheaper, whatever). ONE SUGGESTED THEORY to gain dynamism and competitiveness
IN OPERATION .
A.Developing executive leadership at three levels that is
-top team,
-the personal development of individual executives as leaders and
-the Chief Executive Officer (CEO)
B.Getting strategy to work
C.Achieve learning through knowledge management
D.Achieve supply chain excellence
E.Develop branding strategy.
2 Pick up some Indian services providers. With the help of Michael Porter’s diamond, analyze their strengths and weaknesses as active players in BPO.
Ans Pick up some Indian services providers. With the help of Michael Porter’s diamond, analyses their strengths and weaknesses as active players in BPO.
The Diamond Model of Michael Porter for the competitive advantage of Nations offers a model that can help understand the comparative position of a nation in global competition. The model can also be used for major geographic regions.
Traditional country advantages
Traditionally, economic theory mentions the following factors for comparative advantage for regions or countries:
1. Land
2. Location
3. Natural resources (minerals, energy)
4. Labor, and
5. Local population size.
Because these 5 factors can hardly be influenced, this fits in a rather passive (inherited) view regarding national economic opportunity.