3. Etiquette isnt recognized as one uniform set of standards around the globe.
Explain and give an example!
For example, a hand gesture in one country may have the exact opposite
meaning in another culture
6. What Is Strategy?
A plan of action that channels an organizations resources so that it can
effectively differentiate itself from competitors, accomplish distinctive goals,
and achieve superior performance.
Managers develop strategies based on the organizations strengths and
weaknesses, and evaluation of opportunities and threats.
Managers primarily make decisions about the firms production and
marketing activities, and the development and allocation of resources
devoted to these.
7. Strategy should pinpoint to actions. The actions are mentioned below,
explain!
Formulate a strong international vision: make company or business
vision not aonly involve local/regional range but the international
standard, for example: our company will become the world class
company.
Allocate scarce resources on a worldwide basis: company that lack of
resources, for example: Indonesia has a lot of palm oil, so we can
export them to the other country.
Participate in major market: our companys product
distribute/marketed to the international market and also expand the
companys target market.
Implement global partnerships: two or more firms from different countries to
work as ateam. They pull those resources or skills to provide better
products/services
Engange in global competitive moves: company change their strategy fair a
host of reason, some external, such as broad economics change or
competitors moves and some internal such as the result of a strategy
planning process.
8. Please explain!
Global integration: a characteristic of global industries in which firms
coordinate their value-chain activities across many countries in order
to maximize efficiency, effectiveness, flexibility, & learning.
Local responsiveness: a characteristic of multidomestic industries in
which firms attempt to meet the specific needs of buyers in individual
countries as well as adapt to the local competitive environment &
distribution structure
Diversity of local customer needs: products in the food and furniture
industries require much adaptation
Differences in distribution channels: system in Japan, China, India, &
Eastern Europe vary greatly
Local competition: where many local rivals are present, it is best to
offer carefully adapted products & have a local presence to maximize
knowledge of competitors
Cultural differences: for products where cultural differences are
important, such as books and kitchen appliances, products and
marketing need to be substantially adapted.
Host government requirements and regulations: the firm must follow
local laws & regulations.