Compare and contrast global companies versus small businesses as they relate to these three practices: management teams, operations and products, and technology and R&D.
What will be an ideal response?
Management teams: Leading MNCs have top-level managers who are foreign nationals and subsidiaries managed by foreign nationals. Small businesses often can’t afford to hire foreign managers, but some use consultants and agents.
Operations and products: MNCs have standardized operations worldwide to attain economies of scale, and they make products to be sold worldwide, not just in local markets. Small businesses can sell standard global products, but they commonly use contractors to make and export the products.
Technology and R&D. Global technology is developed internally through large R&D budgets, and they acquire small companies that develop the technology. Small businesses develop new technology with limited or no funds for R&D, and they are often quick to adopt others’ new technology.
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What will be an ideal response?
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