(Solved) : Describe the global business environment and discuss the implications globalization may have on strategy formulation.


QUESTION :

With globalization, organizations care less about country frontiers  in their usual business operations, looking for opportunities across  borders to:

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  • Increase their base of customers,
  • Take advantage of cheaper labor to manufacture items, and
  • Avoid the increasing competition in their domestic markets.

Companies go international for different reasons. Such a move can be  really profitable; however, sometimes challenges can diminish the  positive outcomes. Good planning is crucial for a successful and  profitable international operation.

Using the University online library resources and the  Internet, search recent business news on two companies that expanded  their operations abroad.

  • Describe the global business environment and discuss the implications globalization may have on strategy formulation.
  • Concerning the two companies chosen for this discussion, analyze the  reasons that led them to expand their operations internationally, as  well as the main advantages and challenges of such a strategic move.

Write your initial response in 300–500 words. Your response should be  thorough and address all components of the discussion question in  detail, include citations of all sources, where needed, according to the  APA Style, and demonstrate accurate spelling, grammar, and punctuation

  • Make sure your writing
  • is clear, concise, and organized;
  • demonstrates ethical scholarship in accurate representation and attribution of sources; and
  • displays accurate spelling, grammar, and punctuation.

Grading Criteria  Maximum Points

Quality of initial posting, including fulfillment of assignment instructions

16

Quality of responses to classmates

12

Frequency of responses to classmates

4

Reference to supporting readings and other materials

4

Language and grammar

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