Question

Short Answer Questions

8. Describe and explain 5 different strategies for reaching global markets. (Remember the arrow).

9. Although most new firms start out as sole proprietorships, few large firms are organized this way. Why is the sole proprietorship such a popular form of ownership for new firms? What features of the sole proprietorship make it unattractive to growing firms?

10. Define line and staff; give me an example of each per our discussions in class.

11. In our discussion regarding the Great Recession of 2008, who do you believe is more responsible: Wall Street Banks, Government or the people (Main Street)? Please use specific elements and terms from class as well as any personal examples to support your argument.

12. Draw and Explain Maslow’s Hierarchy of Needs and Herzberg’s Theory on Worker Motivation.

13. Explain the difference between compliance based ethics and integrity based ethics? Give me an example of integrity based ethics.

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Answer 1

8. Five different strategies to reach global market

There are different strategies utilized by businesses to reach out to the global market. Different companies may use different strategies depending on their business demands and mode.

1.Exporting  

In this the business organization produce a product in the home country and export it in the foreign country for sales. For Example Japan will export the cars which it manufactures in Japan to the countries which do not manufacture cars.For Example India will export some specific medicines to other countries which do not produce such medicines.

2. Foreign Licensing. In case of Foreign licensing a foreign company produce and market the products of a company in a country other than its own. Example Coca Cola licences other companies to produce and market its products in other countries.

3.Franchising.This strategy allows a franchise in other countries to produce and market a product within specific operating requirements by the parent organization. For example McDonalds and Pizza Hut sell their franchising rights in many countries of the world.

4. Contract Manufacturing- A foreign company’s production of private-label goods to which a domestic company then attaches its brand name or trademark.It is a part of a the broad category of outsourcing. It enables a company to experiment in a new market without incurring heavy start up costs.

5.Foreign Direct Investment. It is a type of investment that involves the injection of foreign funds into an enterprise that operates in a different country of origin from the investor. It requires ownership of at least 10 percent otherwise, it's considered a portfolio investment.Examples of foreign direct investments include mergers, acquisitions, retail, services, logistics, and manufacturing, among others.