local firms to become global competitors
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According to Porter's, there are four aspect in a country that can facilitate local firms to become global competitors. Identify them and explain how they can help local firms to become dominant in the global market. (factor endowments, demand conditions, related and supporting industries, and firm strategy structure and rivalry)
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- When a company operates in the markets of two or more different countries, and important strategic issue is A) how many profit sanctuaries to try to establish. B) choosing which foreign companies to team up with via strategic alliances or joint ventures. C) whether to vary the company's competitive approach to fit specific market conditions and buyer preferences in each host country or whether to employ essentially the same strategy in all countries. D) whether to use cross-market subsidization to help defeat its rivals. E) whether to test the waters with an export strategy before committing to some other competitive approach.Conduct an evaluation of the strategies to determine which strategy a local firm in your country that wishes to enter an international market should utilise. The name of the local firm should be included and the market they wish to enter should be specified. 2. Comment on two (2) potential advantages and two (2) disadvantages of the strategy suggested.Make a Competitive Advantage of Singapore competitiveness or competitive advantage by applying Porter's Diamond of National Advantage 1) Factor Conditions 2) Demand Conditions 3) Related and Supporting Industries 4) Firm Strategy, Structure and Rivalry 5) Government 6) Chance The answer will include a footnote and reference
- According to theory of international business development the firm's competitive advantages created in the domestic market can facilitate its subsequent internationalization. In this context, please analyze as; what are the firm specific characteristics or competitive advantages created by Khaadi, National Foods, Amir Adnan and Chen One in their home market Pakistan facilitated their international business development. Also analyze whether the stage model of internationalization is applicable to internationalization of these companies.Consider a South African businesses expanding their operations internationally. List the tasks they need to fulfil in the strategic planning process before going global.Conduct an evaluation of the strategies (multi domestic, transnational and global) to determine which strategy a beauty salon that wishes to enter an international market should utilise. The company name which is Classy Couture Beauty should be included and the market they wish to enter should be specified. Comment on two (2) potential advantages and two (2) disadvantages of the strategy suggested.
- Cross-cultural analysis is very difficult for many reasons. Make a chart of 5 differences incultures between the two countries, Italy and Bangladesh respectively. Provide with 5 examplesof the basic issues that the company must consider when planning this cross-cultural businessinitiative.From the following, please identify the 2 statements that are true as well as the 2 statements that are false. A) Critics of globalization claim that increasing cross-national integration fortifies countries' sovereignty. B) International operations may increase operating risk by smoothing sales and profits. C) Foreign sources may give companies additional operating knowledge D) Although foreign external environmental differences are problematic, they must be weighed against domestic opportunities and risks.4.2) Michael Porter found that the success of nations and their individual business organisations were closely linked. National competitive advantage is determined by a combination of broad attributes, i.e., factor conditions; demand conditions; related and supporting industries; organisation strategy, structure and rivalry; and lastly Porter added government and chance events. Answer question below: By making use of examples, criticise South Africa’s competitive advantage as a country in relation to government and chance events.
- Senior Management of a US business, developer and online gaming marketer, has agreed to expand internationally in Asia. You are a market analyst and must render your advice to the management by addressing the following questions:To evaluate global business opportunities and to suggest where the enterprise can go, choose a suitable analytical instrument to analyse an Asian nation with strong potential.Explain the two opposing forces—cost reduction and adaptation to local markets—that firms must deal with when they go global and explain the four basic strategies that may be used in relation to the pressure from each of the opposing forcesInternational companies use various strategies to gain a competitive advantage in the marketplace Describe the main characteristics of the following strategies and provide examples of corporations that have implemented them. Global strategy Transnational strategy International strategy Localization strategy Cite 2 quality sources