Global Competitiveness
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Details: Using the library, and other Web resources, find some examples of international companies in the United States that demonstrate a global management approach to their operations. Provide some specific examples of practices or strategies that demonstrate this approach. Then answer the following questions:
*Why has it become so important for companies to become competitive in the global business environment?
* What advancements in operations management in other countries have affected the way companies in the United States operate?
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Solution Summary
The solution provides insight and advise in tackling the topic of competitiveness in the global environment, in particular with being competitive is important for businesses and the advancements in operations management that contribute towards it.
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1. Why has it become so important for companies to become competitive in the global business environment?
Companies must become competitive in the global environment. The global environment demands companies, regardless of location or primary market base, to consider the rest of the world in their competitive strategy analysis. Otherwise, the company will not survive in the global environment. In fact, firms cannot isolate themselves from or ignore external factors such as technology innovation, economic trends, or competitive situations in other countries, if some of their competitors are competing or are located in those countries. Otherwise, their company may not survive. Thus, as the world economy becomes borderless and integrated, driven by global market forces, global ...
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