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Global Business Environment

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What new competency would you personally have to develop if a company was to develop a cooperative strategy and 'go international' tomorrow?

What new capability would this company's department have to develop to share information and trust more effectively?

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The response addresses the queries posted in 529 words with references.

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The response addresses the queries posted in 529 words with references.

// In this paper, we will discuss the importance of globalization for companies. The paper will also include about the competencies of companies for developing competitive strategy and for going international. We will also discuss about the role of sharing trust and information for going global.//

When a company spreads its business internationally, it is known as globalization. Thus, globalization refers to expanding the business all over the world. The companies prefer to go international in order to increase their growth and profits (LaPier, 1998).

Ans.1 The environment of international market is different from national market and sustaining in international market is very tough. Competencies play an important role in the companies for keeping their existence in global market. Competencies are the abilities of a company that increases its business performance. The companies have different ...

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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