What is the engine behind globalization? Provide a real-world example.
What will be an ideal response?
Student examples will vary. A sample answer follows.
The engine behind globalization is the multinational enterprise (MNE)-a company that deploys resources and capabilities in the procurement, production, and distribution of goods and services in at least two countries. MNEs need an effective global strategy that enables them to gain and sustain a competitive advantage when competing against other foreign and domestic companies around the world. By making investments in value chain activities abroad, MNEs engage in foreign direct investment (FDI). For example, the European aircraft maker Airbus invested $600 million in Mobile, Alabama, to build jetliners.
You might also like to view...
A hyperbole form of cognitive message strategy is a claim that can be tested based on some attribute or benefit
Indicate whether the statement is true or false
Careful monitoring of an organization's internal and external environment to detect early signs of opportunities and threats that may influence the firm's plans is called
A. competitive intelligence. B. forecasting. C. contingency planning. D. trend analysis. E. environmental scanning.
Answer the following statements true (T) or false (F)
The concept of self-leadership is primarily derived from research on social cognitive theory and intrinsic motivation theory.
A company has positive cash flow from investing and financing activities, but negative cash flow from operating activities. The likely result is:
A. Creditors will continue to lend money to the company. B. Creditors will demand immediate repayment of all outstanding debt. C. investors may not buy the company's stock because the receipt of dividends is unlikely. D. investors will continue to buy stock since the company's growth prospects are good.