Choose a firm with which you are familiar in your local business community. Is the firm successful in following one (or more) generic strategies? Why or why not? What do you think are some of the challenges it faces in implementing these strategies in an effective manner?
Answer to relevant QuestionsThink of a firm that has attained a differentiation focus or cost focus strategy. Are their advantages sustainable? Why? Why not? What are some of the reasons that many diversification efforts fail to achieve desired outcomes? Discuss some examples from business practice in which an executive’s actions appear to be in his or her self-interest rather than the corporation’s well-being. There are four basic strategies—international, global, multidomestic, and transnational. What are the advantages and disadvantages associated with each? Over the past few decades, many American firms have relocated most or all of their operations from the United States to countries such as Mexico and China that pay lower wages. What are some of the ethical issues that such ...
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