0
Still curious? Ask our experts.
Chat with our AI personalities
Beau
Maxine
EzraAdd your answer:
Earn +20 pts
What is the difference between global strategic management and strategic management in the domestic context?
Strategies are formulated based on environmental forces. Diversity management is more apt in Global context than domestic context. On the face of it formulation of strategies may appear to be same for all markets but the implementation component is impacted by diversity. Thus the domestic Strategic Management differs from Global Strategic Management in several dimensions, the critical of them being being diversity (of all types), Scale, Distances, Exchange Rates and National Policies.
What are the Six challenges that face managers in the 21st century?
political and cultural differences global competition terrorism technology finding ways to balance their social responsabilities their images and their and their competitive strategies
What are the differences between strategies and tactics?
Strategy means 'a global plan to reach a long-term goal,' and is taken from a Greek word that means "army leadership".Tactics, on the other hand, means a short term plan or behavior and comes from a Greek word that means "science of arrangement" (of an army).Arbaz Pakistan
Why are merger and acquisition strategies popular in many firms competing in the global economy How would these strategies impact a firm's performance?
Through merger/acquisition, a financially weak entity is merged with a stronger one, thereby facilitating to regain its lost health and compete in the market. This being the primary reason for this strategy to be popular in global economy.
Benefits of domestic marketing?
There are fewer concerns with domestic marketing when compared with global marketing. One of the biggest advantages includes not having to worry about language barriers. Another advantage is lower shipping costs.
