the three strategies of globalization can be summarized using what three words course hero

What are the three strategies of globalization?

Nov 13, 2018 · Sell, make and buy can be used to define three major strategies of globalization. 22. Microfinance refers to: A. Banks lending money to a very small number of businesses. B. Banks lending money to low-income businesses. C. Banks lending very small amounts of money to wealthy businesses. D. Banks charging low fees for all business loans. B )

Which US company is the best example of using globalization to reduce?

Question 10 1 / 1 pts The three strategies of globalization can be summarized using what three words? Channels, operations, and chains. Export, locate, and purchase. Correct! Sell, make, and buy. Ethics, import, and sell.

How does globalization help the developing world?

Apr 08, 2015 · Question 1 3 out of 3 points The three strategies of globalization can be summarized using what three words? Answer Selected …

What are the three areas of global strategy?

Feb 02, 2015 · Question 4 .5 out of 5 points Correct The three strategies of globalization can be summarized using what three words? Answer Selected Answer: Sell, make, and buy. Correct Answer: Sell, make, and buy.

What are the three global strategies?

Implications of the three definitions within global strategy: 1 International strategy: the organisation’s objectives relate primarily to the home market. However, we have some objectives with regard to overseas activity and therefore need an international strategy. Importantly, the competitive advantage – important in strategy development – is developed mainly for the home market. 2 Multinational strategy: the organisation is involved in a number of markets beyond its home country. But it needs distinctive strategies for each of these markets because customer demand and, perhaps competition, are different in each country. Importantly, competitive advantage is determined separately for each country. 3 Global strategy: the organisation treats the world as largely one market and one source of supply with little local variation. Importantly, competitive advantage is developed largely on a global basis.

What does it mean to go global?

Companies talk about ‘going global’ when what they really mean is that they are moving internationally, outside their home countries. It is important to clarify precisely what is meant by such wording because the strategic implications are completely different.

Why is multinational strategy important?

But it needs distinctive strategies for each of these markets because customer demand and, perhaps competition, are different in each country. Importantly, competitive advantage is determined separately for each country.

Why does international trade lead to lower prices?

From a customer perspective, international trade should – in theory at least – lead to lower prices for goods and services because of the economies of scale and scope that will derive from a larger global base. For example, Nike sources its sports shoes from low labour cost countries like the Philippines and Vietnam.

What are the resources needed to sell internationally?

The business resources needed to sell internationally might typically include a sales team, brochures of products in various languages and an office team to handle sales orders back in the home country.

Is it realistic to develop an international strategy?

Hence for many companies, especially smaller companies with limited resources, it is more realistic to develop an international or multinational strategy.

Is competitive advantage determined separately for each country?

Importantly, competitive advantage is determined separately for each country. Global strategy: the organisation treats the world as largely one market and one source of supply with little local variation. Importantly, competitive advantage is developed largely on a global basis.

What is global corporate citizenship?

The capability of corporations to influence government, the economy, and society, based on their organizational resources. When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally it is called: Global Corporate Citizenship.

What is publicizing an issue?

Publicizing an issue, Challenging whether a business activity should continue to operate, Lobbying government policy makers for regulations.

What is information strategy?

To influence government policymakers' actions, an information strategy involves: Business leaders speaking before government policymakers. Firms in the chemical industry, which must contend with frequently changing environmental regulations and the risk of dangerous accidents, usually have:

What are the components of an issues management process?

The components of a typical issues management process include: Identifying the issue, generating options, taking actions. Proactive companies are: Much less likely to be blindsided by crises and negative surprises. The role of special interest groups is an important element in acquiring intelligence from the:

When do companies use systematic process?

Systematic process companies use when responding to public issues that are of greatest importance to the business.

Is it more likely to be blindsided by crises and negative surprises?

Much less likely to be blindsided by crises and negative surprises.