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U. S. company with global operations

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Select a U. S. company with global operations. Respond to the following:

1.Discuss the firm's activities outside the U.S.

2.Identify which economic concepts, such as comparative advantage, apply to your firm.

3.Explain how these economic concepts can be used to address the firmâ??s problems and opportunities?

4.Identify which economic and political policies affect your firm and explain how they impact business decisions.

5.How does your firm use technology to strategic advantage?

6.Discuss the impact of globalization on the firm. Are there any effects on its cost structure, markets, currency risk, and overall strategy? Be sure to provide a definition of globalization in your answer.

Objective:

â?¢Explain the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.

â?¢Critically analyze and evaluate real-life economic problems and opportunities by applying economic concepts, principles, and theory.

â?¢Examine current global economic and political policies and their impact on business decisions.

â?¢Discuss the opportunities provided by technology for businesses.

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Solution Summary

Select a U. S. company with global operations. Respond to the following:

1.Discuss the firm's activities outside the U.S.

2.Identify which economic concepts, such as comparative advantage, apply to your firm.

3.Explain how these economic concepts can be used to address the firmâ??s problems and opportunities?

4.Identify which economic and political policies affect your firm and explain how they impact business decisions.

5.How does your firm use technology to strategic advantage?

Solution Preview

For the purpose of this assignment, I will chose leading pharmaceuticals company Pfizer that operates in numerous countries across the world. The company has R&D labs as well as manufacturing operations in several countries. The company also sells its drugs in numerous countries across the globe.

To further expand on other questions, I will pick Pfizer's operations in India. Pfizer has a state of the art manufacturing facilities in India, as well as invests heavily in research and development in India and employs over 2300 people in the country. The company has partnered with several clinical research organizations in India for its global research initiatives.

2.Identify which economic concepts, such as comparative advantage, apply to your firm.

Several economic concepts apply to Pfizer's global operations and operations in India. Pfizer choses low cost nations like India as a strong base for its R&D operations as India offers a huge pool of qualified professionals to conduct pharma related R&D at lower costs. Clinical research organizations have mushroomed in India and are offering low cost research alternatives to companies like Pfizer to conduct research pertaining to generic drugs and other related products. Pfizer gains tremendously by operating in India as it is able to reduce its research costs and introduce new drugs at a rapid pace. Thus, it capitalizes ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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