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Business Strategy and International Culture case study
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Business Strategy and International Culture case study
Discussion and two responses:
In your reading this week, you cover an article on business strategy and international culture. What are the four strategies discussed and how does international culture play a part in each of the different models presented?
Business Strategy and International Culture case study
1st:Business Strategy and International Culture case study
I just wanted to start off by saying that I hope that everyone is having a great week so far. The four main strategies in international culture are Export, Standardization, Multidomestic and Transnational. The export method is vital simply because it has been utilized by companies that don’t contain expectations to diversify their company. An example I can give to class would be the United States’ exports on computers (Workman, n.d.).
Business Strategy and International Culture case study
The reason why standardization is important in international culture because standardization gives businesses the ability to perform on a global tier. (Ericson, n.d.) When I was doing research on this specific section, it kind of reminds me last week’s organization’s structure due to the culture side and practices of different regions. But one example that could be utilized would be the use of iPhone being created for all continents that is considered “acceptable” for almost everyone.
Business Strategy and International Culture case study
The multidomestic strategy is simply the international method that decides to utilize commercial ways to target the local market. The benefit of this is that this gives the organization that’s employing this strategy to learn the culture of that specific area instead of trying to dive into a huge market (Global Negotiator, 2014).
Business Strategy and International Culture case study
The transnational strategy is simply a hybrid of the central structure of global method with the local replies of the international method (MBA brief, 2022). The reason why I feel this is method is vital to the culture is because while these methods are happening on a global scale, it still gives the ability for the locals to have some type of “say so” within the method. Below are the following sources I’ve used.
Business Strategy and International Culture case study
What is multidomestic strategy? definition and meaning. Dictionary of International Trade. (2014, November 20). Retrieved February 27, 2022, from
Business Strategy and International Culture case study
Business Strategy and International Culture case study
2nd:Business Strategy and International Culture case study
Globalization has exponentially grown in past few decades. Global market has become an open field for all businesses regardless of their size and scope. Every company must consider a proper strategy to maintain and expand their business. Four key global strategies are export, standardization, multidomestic, and transnational.
Business Strategy and International Culture case study
These strategies evolve from two fundamentally inverse forces: global integration and local responsiveness (Principles of Management). A global business must recognize and consider the effects of international culture to select a proper business strategy.
Business Strategy and International Culture case study
A business must determine demand of their products and services in the global market. Next, the business must decide whether to increase the production to meet those demands. Finally, they must determine any adjustments required to satisfy the cultural expectations of the target consumers. A small industrial business may not require an elaborate global strategy to successfully run their business. It may adopt the export strategy; mostly focusing on the local market.
Business Strategy and International Culture case study
A business may consider the standardization strategy when their products and services are recognized and accepted around the world. The export and standardization strategies allow companies to export their products and services with zero or minimal adjustment to the international market.
Business Strategy and International Culture case study
However, they must understand influence of international culture on consumer demand to avoid significant costs and failure (Seah, 2021). Businesses looking to evolve and actively compete in global market should consider multidomestic or transnational strategies. These strategies allow companies to stay flexible and relevant to the international culture. However, the operational and managerial costs are usually higher to maintain such business.
Business Strategy and International Culture case study
References
Principles of Management. Lumen. Retrieved from Seah, L. (2021, July 2). The importance of cultural awareness in international business. Airswift. Retrieved March 1, 2022, from
Business Strategy and International Culture case study
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. 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The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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