What is a location-specific advantage? Explain its significance with examples. Align location advantages with strategic goals.
What will be an ideal response?
Favorable locations in certain countries may give firms operating there what are called location-specific advantages. Location-specific advantages are the benefits a firm reaps from features specific to a particular place. Certain locations simply possess geographical features that are difficult for others to match. For example, Miami, the self-styled "Gateway of the Americas," is an ideal location both for North American firms looking south and Latin American firms coming north. Vienna is an attractive site as MNE regional headquarters for Central and Eastern Europe.Given that different locations offer different benefits, it is imperative that a firm match its strategic goals with potential locations.Firms seeking natural resources have to go to particular foreign locations where those resources are found. For example, the Middle East, Russia, and Venezuela are all rich in oil.Market-seeking firms go to countries that have a strong demand for their products and services. As China becomes the largest car market in the world, practically all the automakers in the world are now elbowing into it. General Motors (GM) has emerged as the leader. In 2010, GM for the first time sold more cars in China than in the United States. As demand for business aviation takes off in China, business jet makers are now intensely eyeing the new market.Efficiency-seeking firms often single out the most efficient locations featuring a combination of scale economies and low-cost factors. It is the search for efficiency that induced numerous MNEs to enter China.Innovation-seeking firms target countries and regions renowned for generating world-class innovations, such as Silicon Valley and Bangalore (in IT), Dallas (in telecom), and Paris (in perfumes).
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Jin moves into a neighborhood in Philadelphia and opens a repair shop. He is harassed by the local gang leader who wants to extort money from him. He promises to pay Sheng, a police officer whose patrol includes Jin's store, $50 a week to "keep an eye on the store" while walking his patrol. Which of the following statements is true of this situation?
A. Sheng's promises toward Jin are not consideration. B. The cop can sue Jin for not keeping his promise of paying $50 per week. C. Jin's promise is enforceable. D. Jin is the promisee and Sheng is the promisor.
Strategic planning is the process of envisioning the organization's future and developing the necessary goals, objectives, and action plans to achieve that future
a. True b. False Indicate whether the statement is true or false
__________ scheduling refers to any type of scheduling in which a running thread can lose control of the CPU to another thread
Fill in the blank(s) with correct word
The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash$3600? Accounts receivable$1500? Dividends 1800? Common stock 2275? Land 2100? Revenue 2100? Accounts payable 1100? Expense 1200? Retained earnings 4725? What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1?
A. $5700 B. $9300 C. $7200 D. $9000