The two opposing forces facing global entry the cost reduction and the

The two opposing forces facing global entry the cost

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The two opposing forces facing global entry the cost reduction and the adaptation to local markets, and they result in different strategies; International, global, multi-domestic, and transnational. Organizations need to balance between reducing the cost of its products and services in low-income countries and adapt to their cultures, religions, and political system. In other countries, they may need to be highly adaptive than others. There is also mounting pressure to reduce cost in highly competitive countries with lower wages and cost of living. (Dess, Lumpkin, et., al., 2013).ReferencesDess, G., Lumpkin, G. (., Eisner, McNamara. (09/2013). Strategic Management: Text and Cases,7th Edition. [Bookshelf Online]. Retrieved from Comment: The two opposing forces facing global entry the cost reduction and the adaptation to local markets, and they result in different strategies; International(should not be capitalized), global, multi-domestic, and transnational.
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Question 4 of 107.0/ 10.0 PointsThe two opposing pressures in the international markets result in four different strategies. What are they and how are they different?There are four different global entrance strategies influenced primarily by the opposing forces oflocal adaptation and cost reduction:o International strategy in countries with low demand for both local adaptation and cost reduction like Europe.o Global strategy in countries with low demand for local adaptation and high demand for cost reduction like Indiao Multi-domestic in countries with high demand for local adaptation and low demand for cost reduction like Saudi Arabiao Transnational in countries with high demand for both local adaptation and cost reduction like Egypt (Dess, Lumpkin, et., al., 2013).ReferencesDess, G., Lumpkin, G. (., Eisner, McNamara. (09/2013). Strategic Management: Text and Cases,7th Edition. [Bookshelf Online]. Retrieved from Comment: Note: You want to expand your discussion to talk specifically about how the companies function in each market. For instance, in a global strategy, how do the companies go about reducing costs and adapting to local markets? They are controlled, more or less, by the corporate office.Question 5 of 1010.0/ 10.0 PointsDescribe regionalization.Regionalization could be considered a limited version of globalization as it is limited to some countries or a region with the shared language, culture, beliefs or history. Examples of regionalization include North America, Europe, Asia, the Middle East. Regionalization makes it easier for companies to operate in these countries which may speak the same language, use similar products, or have similar income levels. Regionalization also allows organizations to
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exchange ideas or share knowledge and expertise. Organizations may also benefit from the facilitated travel visas to exchange talents and management.(Dess, Lumpkin, et., al., 2013).
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