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  • Name - Class MB IB 2 Yr Sub: Global Strategic Management 1. A

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    sonukansal
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    1. Global strategic management differs from strategic management in that it addresses challenges of operating in multiple countries, while strategic management focuses on a single domestic market. Vision and mission provide direction for the company's goals and competitive advantage. 2. Eight challenges for global firms include differences in culture, political risks, economic fluctuations, currency risks, trade barriers, intellectual property protection, transportation costs, and communication challenges. These can be overcome through cultural training, political risk insurance, diversification, hedging, trade agreements, patents, logistics optimization, and technology. 3. The strategic management process involves analysis of external and internal environments, strategy formulation, implementation, and evaluation to achieve the company's vision and objectives across multiple countries

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    1. Global strategic management differs from strategic management in that it addresses challenges of operating in multiple countries, while strategic management focuses on a single domestic market. Vision and mission provide direction for the company's goals and competitive advantage. 2. Eight challenges for global firms include differences in culture, political risks, economic fluctuations, currency risks, trade barriers, intellectual property protection, transportation costs, and communication challenges. These can be overcome through cultural training, political risk insurance, diversification, hedging, trade agreements, patents, logistics optimization, and technology. 3. The strategic management process involves analysis of external and internal environments, strategy formulation, implementation, and evaluation to achieve the company's vision and objectives across multiple countries

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    10 views4 pages

    Name - Class MB IB 2 Yr Sub: Global Strategic Management 1. A

    Uploaded by

    sonukansal
    1. Global strategic management differs from strategic management in that it addresses challenges of operating in multiple countries, while strategic management focuses on a single domestic market. Vision and mission provide direction for the company's goals and competitive advantage. 2. Eight challenges for global firms include differences in culture, political risks, economic fluctuations, currency risks, trade barriers, intellectual property protection, transportation costs, and communication challenges. These can be overcome through cultural training, political risk insurance, diversification, hedging, trade agreements, patents, logistics optimization, and technology. 3. The strategic management process involves analysis of external and internal environments, strategy formulation, implementation, and evaluation to achieve the company's vision and objectives across multiple countries

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    Name ---------------------------------- Class MB IB 2nd Yr Sub: Global Strategic Management

    1. Distinguish between
    a. the Strategic Management and Global Strategic Management.

    b. Vision and mission

    2. Discuss any eight challenges facing a global firm and for each challenge, show how it can be
    overcome.

    3. Describe strategic management process


    4. Discuss 7 S framework

    5. When does a company choose market development over product development.

    6. Is it possible for a company to get sustainable competitive advantage when its industry
    becomes hypercompetitive? Give examples.
    7. A sustainable strategic position requires tradeoff - Discuss.

    8. Emergent strategy is more successful than intended strategy – Discuss


    9. A company is enjoying market leadership in women cosmetics with 25% market share. IKt
    has capital surplus and is planning to expand its business. You are given the task of making a
    blueprint clearly identifying strategic options available for this firm. Suggest most
    appropriate option so that it does not disturb its current status.

    10. Assume that you are in-charge of developing the strategy for a multinational company
    selling the products in some 30 different countries around the world. One of the issues you
    face is whether to employ a multicounty stray. Transnational or a global strategy. Explain
    which strategy would make sense and why? Your product is mobile phones .

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