* International business as an extension of home business * Strengths: focus on core competencies in home market * Weakness: inability to react to local market conditions * Appropriate use: homogeneous markets 8. Describe the multidomestic business strategy‚ its strength‚ its weakness‚ and how it affects the flow of control information Federation of associated business units; decentralized Strengths: ability to quickly react to local conditions Weakness: differing product offerings
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References: Beamish‚ B. A. (2007). Transnational Management: Text‚ Cases and Readings in Cross-Boarder Management. McGraw-Hill. Martin‚ M.‚ Algar‚ S.‚ Kumar‚ V.‚ Inkpen‚ A.C. (2001). Whirlpool corporation’s global strategy. Thunderbird Case TB0175.
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|[pic] | |Hewlett-Packard in Singapore | |International Business | |
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companies to tightly coordinate their product and pricing strategies across international markets and locations. A company can decide to choose one of the four basic strategies. Global standardization strategy‚ localization strategy (multidomestic)‚ transnational strategy‚ and international strategy. Global standardization strategy - Companies that are pursuing a global standardization strategy focus on increasing profitability by lowering the costs that come from economies of scale and location
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MGMT 306 PRODUCTION AND OPERATIONS MANAGEMENT HOMEWORK 1 (Please submit the Scantron form) I. TRUE/FALSE (A for True; B for False) 1. All organizations‚ including service firms such as banks and hospitals‚ have a production function. True (What is operations management? moderate) 2. Operations management is the set of activities that create value in the form of goods and services by transforming inputs into outputs. True (What is operations management? easy) 3. The operations manager performs the
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International Staffing Policies Ethnocentric is a staffing policy that is used in companies that has primarily international strategic orientation. This policy is generally adopted by headquarters by sending employees from the home or parent countries to the host country. This approach is used best in some situations such as‚ a team is sent from the home country to help setting up a new plant as well as train subsidiary personnel to use new system. The benefit of having staffs from home country
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although IKEA is still cost leader in their market segment. IKEA is one of the biggest furniture companies but not widely present in areas around Europe and America. In order to enter those markets and fill other gaps IKEA has to change to the transnational strategy. This will introduce cultural awareness connected to low cost furniture. Although competition is raising and IKEA is mostly present in a concentrated area IKEA is one of the
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BUAD497 Strategic Management Fall 2013 Session 20: International Strategy Yong Paik‚ Ph.D. Assistant Professor Marshall School of Business University of Southern California International Expansion Concept? => Why? => Where? => How? 2 International Strategy Concept What is International Strategy? A strategy through which the firm sells its goods or services outside its domestic market (country of origin): cf. “host country” means foreign country Multi-National Corporations
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International HR Best Practice Tips: Spring 2010 Dee Birschel. Benefits Quarterly. Brookfield: Third Quarter 2010. Vol. 26‚ Iss. 3; pg. 61‚ 1 pgs Copyright International Society of Certified Employee Benefit Specialists Third Quarter 2010 Global companies must always attend to local jurisdictional laws and regulations. HR should initiate charitable activities to benefit regions hit by major disasters only after checking local laws about payroll deductions‚ tax deductions‚ consent rules and consultation
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Strategic Management WEEK 8 Please stow all laptops and electronic devices Today’s Agenda… Globalization rationale Global market entry tactics Degrees of international coordination/centralization Some global market and infrastructure challenges Putting it all together Grolsch Case Preps MT#1 Results Why Go Global? Many Reasons Are Similar To Diversification Rationale… But There Are Some Differences In How Things Play Out For Businesses Across The Globe… Globalization
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