Global Questions
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1. What are some best practices for managing integration and responsiveness? Why are flexibility and adaptability important for transnational organizations?
2. Why is the ongoing development of transnational organizations important? How might a transnational organization create and maintain global competitive advantage while adhering to its core values?
3. How might one recognize the appropriate entry mode for business market entry? If an appropriate entry mode is not recognized, how might it affect the transnational organization?
4. I have always wondered if low price is always the way to greater profitability as you seem to suggest. Any thoughts here? Do low prices always lead to greater profitability?
5. Catering to the local market works well when there are cultural or taste differences. On the other hand a globalized product can be provided in many cases. One example I use often is a #8 wood screw. This is a product that is the same around the world. Even threaded screws are similar with their being only metric and English measurements defining the two different versions.
Can you folks identify other products that are significantly global in nature?
6. I am a strong supporter of localization of products when cultural of market conditions demand. There is time when a company could well fail if they did not localize. One of my favorite examples is McDonalds. McDonalds in China is similar to McDonalds but the Asian diet is not too accommodating to heavy doses of red meat. The burgers there tend to have heavier soy content.
Now that I have you thinking about McDonalds, do you thing a Big Mac would sell well in India? Why or why not?
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Solution Summary
This solution discussed best practices fo rmanaging, ongoing development, entry mode, price versus profits, local market and products.
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1. What are some best practices for managing integration and responsiveness? Why are flexibility and adaptability important for transnational organizations?
Some best practices for managing integration and responsiveness are important. For example, a company can make sure that they are sensitive to employee and customer needs by learning leadership skills to make them effective in the workplace. They can take on the role of servant-leader by transforming their workers to become the best at their job. In turn, responsiveness will occur, and individuals will have job satisfaction, and they will have that desire to go back to their firm on a regular basis with high job satisfaction and a decreased turnover rate.
I believe that flexibility and adaptability are important in a transnational organization for a number of reasons. First, they are willing to go with the flow no matter what level he or she is within the organization. This means that much persistence is needed in order to meet others needs properly in any part of the world. Second, when organizations are adaptable, they are likely to want to try new things or innovations that are completely new to them at that time. For example, management may have to try a new food that is invented in that part of the world within their organization, so that they will have the capability of marketing it effectively. Eventually, people are going to buy it because it is something new that could become a fad for all to enjoy.
2. Why is the ongoing development of transnational organizations important? How might a transnational organization create and maintain global competitive advantage while adhering to its core values?
The ongoing development of transnational organizations is important for a variety of reasons. They need to consider that life does change, and that people do too. This means that management has an open mind on what needs to get done in order to adapt to circumstances, such as weather phenomenon or technology. By taking these into consideration, they are able to make sure that their employees have the necessary training to become the best within their chosen industry. Because of taking these measures, they are able to become the best in all that they say and do for the public, ...
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