Global Business Sample Essay

Global Business.

Explain global perspectives on markets and products.

There are quite a number of measures that have been taken during the study of global markets strategies. They include; the perspective of the transnational cost, adaptation, perspectives of the coordination, perspective of the evolutionary and the perspective of the global integration.

Describe the components of global thinking.

Different scholarly studies proves that being a global thinker, you must have the following components, clarity, curiosity, choose, compassion and courage. The main goals of global thinking are the future and the components that are integrated Global Business Sample Essay

Discuss the considerations of industry, resources, and institutions on global markets.

According to Lumen Way Maker (n,d), there are several considerations that are required while running a business, before competing internationally. These considerations are; tradition, legal barriers, regulatory rules, the consideration of the foreign government, and business case.

Identify what determines the success or failure of firms around the globe.

Another study by Douglas and Craig (2010), has proven that there are three different views of the marketplace that determines the success and failure of firms around the globe. One of the main views is the institution-based views Global Business Sample Essay

These type of view mainly is concerned with the forces from the institutes, such as economic reforms and the policy of the government.

Define institutional structures and leadership in global terms.

Institutional structure is referred to as establishment, or an organization which is invented for a specific purpose. A good example is a Church. On the other hand, leadership as used in the global terms is referred to as the action of reading an individual or a group of individuals with an objective of achieving their targets Lumen Way Maker (n,d).

Recognize the impact of cultures and management styles on MNEs.

Different studies have proven that culture is very essential to the management style. Managers who have strong value with their position of work, go hand in hand with the cultures of the organization, in different business dealings.

Review the important of global thinking and planning as a foundation for firm growth.

One of the main importance of the global expansion as a foundation for firm growth is the increase in the growth of the business. Overseas markets create room for the expansion of businesses. Different audiences from different parts of the world, get to experience your products and services, when you widen the footprint of the business global.

Apply global strategies to business decisions.

There are different global strategies that appear in two dimensions. These business strategies are; standardizations, transnationals, export, and multi domestic. These are the most essential key to the growth of the global business.

Recognize the significance of a multipronged approach to planning and executing good business practices in the global business world Global Business Sample Essay

Another study by Douglas and Craig (2010), has proven that there are three different views of the marketplace that determines the success and failure of firms around the globe. One of the main views is the institution-based views. These type of view mainly is concerned with the forces from the institutes, such as economic reforms and the policy of the government.

Review the comprehensive model of foreign market entries.

The comprehensive model of entries into the foreign market are; exporting – this involves the selling of goods and services directly into another different country, licensing is the process in which another company who is your target in a different country can access your property, franchising, direct investment from the foreigners, joint venture, subsidiary that is wholly owned, and lastly piggybank.

Describe the quest for locations specific advantages with strategic goals.

Different organizations that compete globally develop a strategic goals that help them identify what they view as the result of the efforts they initiate in the business.

Recognize first and late movers advantages.

First Mover Advantages (FMA), is the advantage gained by the initials, while late movers have a competitive advantage Global Business Sample Essay

Explain product diversification and geographic diversification.

Another study by Douglas and Craig (2010), has proven that there are three different views of the marketplace that determines the success and failure of firms around the globe. One of the main views is the institution-based views. These type of view mainly is concerned with the forces from the institutes, such as economic reforms and the policy of the government.

Review the comprehensive model of diversification.

Diversification is a wide topic that has three divisions, namely; horizontal diversification, concentric diversification, and the lateral (conglomerate) diversification Douglas and Craig (2010).

Describe the motives and performance of acquisitions.

The most practices reasons for acquiring other companies would include; acquisitions support fast growth when the target is the organization.

Discuss the impact of restructuring.

According to Lumen Way Maker (n,d), restructuring leads to a more efficient and modernized entity, however it may lead as well to the deletion of jobs and the layoff of personnel Global Business Sample Essay

Work Cited.

Douglas .S. and Craig .S. (2010). Global Marketing Strategy: Perspectives and Approaches. Retrieved from https://doi.org/10.1002/9781444316568.wiem06013

Lumen Way Maker (n,d). Global Business Strategies for responding to Cultural Differences. Retrieved from https://courses.lumenlearning.com/wm-principlesofmanagement/chapter/putting-it-together-globalization-and-business/ Global Business Sample Essay