1. Explain the differences between multidomestic, global, and transnational strategies. What are the pros and cons of each? Pick three items from this list of the bestselling products on Amazon and...

1 answer below »

1. Explain the differences between multidomestic, global, and transnational strategies. What are the pros and cons of each? Pick three items from this list of the bestselling products on Amazon and make an argument for why one should adopt a multidomestic strategy, another should adopt a global strategy, and the last one should adopt a transnational strategy.
https:
www.bestproducts.com/lifestyle/g3486
est-selling-products-on-amazon
2. How can strategic alliances, joint ventures, and partnerships bolster a company’s resources and capabilities? Why do they fail? How can they benefit companies during a crisis such as Hu
icane Harvey or COVID-19?
3. Describe and discuss the principal managerial components of good strategy execution. Use your team’s Business Strategy Game simulation to illustrate an example of good (or poor) execution.
4. Why is leadership important for strategy execution and what specific things can managers do to be better leaders here? How might this apply when inflation is rampant or in an economic crisis? How can managers lead in ways that improve execution during such times?
Answered 1 days AfterApr 29, 2022

Answer To : 1. Explain the differences between multidomestic, global, and transnational strategies. What are the...

Jose answered on Apr 30 2022
17 Votes
MANAGEMENT
Business Management
Student Name
Student Code
Date
Question One
Differences between multidomestic, global, and transnational strategies.
The multi-domestic strategy helps the companies for responding t
o the national responsiveness. It helps in managing the production, R&D, marketing and distribution in each targeted country. The firm customizes the activities that are suitable for each country and its customers. Companies adopt a global strategy when they go beyond borders. The main objective of the global strategy is to increase sales in all the countries (Beer 2020, p.7). The companies follow standardization and it helps the companies for managing the competition from national and international players. A transnational strategy mainly focuses on the concept of integration. This approach aims to reap the benefits of operating in numerous nations. A transnational strategy firm tries to improve efficiency by meeting the local needs of the customers.
    Strategy
    Pros
    Cons
    Global
    Location Economies
Helps for managing competition
    High cost
Lack of responsiveness (Gamble 2021, p.16)

    Multi-Domestic
    Easy to manage the competition
Helps for customizing the products and services
    Low transfer of core competencies
    Transnational
    Helps for combining the strategy of global and multi-domestic
    No easy to manage
Costly process
Three Best Selling Products on Amazon
1. Windproof Travel Um
ella – Multi-Domestic Strategy
The climate conditions are different in different countries, by adopting the multi-domestic strategy the company can make changes to the design of the um
ella and it helps for attracting more customers.
2. Car Cleaning Gel – Global Strategy
One for all and all for one is the core of global strategy, we can’t make any changes to the product design or style of car cleaning gel, it has to be acceptable to all the people.
3. Amazon Fire HD 8 Tablet – Transnational Strategy
In all the markets the company rely on the same
and name and features. It helps in providing better services to the customers
Question Two
Companies consider strategic alliances, joint ventures and partnerships as the way for strengthening the...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here