Why would any firm, whether global or otherwise, seek to collaborate with another firm, be it local or foreign?
What will be an ideal response?
Recent changes in the political, economic, socio-cultural, and technological environments of the global firms have prompted the need for strategies that are more current rather than the traditional strategies. Trade barriers are less, global markets are more accessible, consumer needs and wants have changed, product life cycles have shortened, and new communication technologies and trends have emerged. These factors may provide unprecedented opportunities. However, there are strong strategic implications for the global organizations and new challenges for the global marketer. All these converging environmental forces or changes require different unprecedented global strategies that take into account collaborations which were not thought of at any period of time. Today's competitive environment is described as turbulent, dynamic, and unpredictable. Global firms are under intense pressure to respond and adapt quickly. They have to pursue "entrepreneurial globalization" by developing unique and flexible organizational capabilities, innovation, and updating global strategies that take care of the demands.
You might also like to view...
Which term refers to the attraction of water molecules to one another?
A. photolysis B. adhesion C. polarity D. cohesion E. hydrolysis
Estimated residual value is ignored entirely under which of the following methods of depreciation?
a. Production b. Straight-line c. Tax depreciation d. Double-declining-balance
Answer the following statement(s) true (T) or false (F)
1. The management/elimination of non-value-adding activities is a part of material flow mapping. 2. In a material flow map, a delay is represented by a diamond. 3. A part of a process where a product is being worked on would be represented by a rectangle in a material flow map. 4. A bottleneck results in reduced order lead time.
Which of the following must be stated in a Chapter 7 bankruptcy petition?
A) That the debtor is not paying debts as they come due B) For voluntary petitions, that the debtor has debts, and for involuntary petitions, that the debtor is not paying debts as they come due C) For both voluntary and involuntary petitions, that debts exceed assets D) For voluntary petitions, that the debtor is not paying debts as they come due, and for involuntary petitions, that the debtor has debts