National business environments can certainly influence a firm's decision to standardize or differentiate its product. If the firm is selling a same or a similar product that is already existing in the market, then a differentiation strategy might not work. For example, iPhones sold by Apple have a standard specifications across the globe since the design and the software in its uniform. It cannot differentiate between iPhones for each country since consumers in say China want the same iPhone as used in the US. However, if the local firms offer a different product than what the multinational firm offers in its home country, then the product will have to be differentiated. For example, Mc Donalds in the US sells burgers ,fries that have more of cheese and vegetables whereas in the UK, the burger may have bacon and is treated as a break fast while for the customers in India a spicy version is sold. Cultural differences impact how the product is designed, the product features, the marketing strategies. For example, children in the US may demand TV and movie influenced products whereas children in Japan demand electronic toys due to high influence of technology.
Discuss how a national business environment can influence a firm's decision to standardize or differentiate its...
5-1. Discuss the stages in the negotiation process and how culturally based value systems influence these stages. Specifically, address the following. Explain the role and relative importance of relationship-building in different countries. Discuss the various styles and tactics that can be involved in exchanging task-related information. Describe differences in culturally based styles of persuasion. Discuss the kinds of concession strategies a negotiator might anticipate in various countries. 5-2. Discuss the relative use of nonverbal behaviors, such as silent periods, interruptions,...
you will look at potential changes in the business environment (food Restaurant) and how it can impact your proposed business. What are some of the strategies you will put in place to cushion or adopt to the potential changes?
How is a firm's task environment different from its general environment? Provide examples of both types of environments. What is the PESTEL model? Give one example of how each segment can impact a business. What are the two key insights that form the basis of Michael Porter's seminal five forces model? What is meant by industry convergence? Explain with the help of a real-world example. How was Airbnb able to disrupt the hotel industry, dominated by huge organizations like Marriott...
1. discuss the organizational culture and business environment in gcc? 2. discuss the type of organisational cultures and the impact in GCC business? 3. discuss the style of the leadership in gcc? 4. discuss the corporate social responsibility in gcc? 5. discuss the internal and external corporate social responsibility in gcc? 6. how GCC can be a green in government organization strategics? 7. discuss the activities corporate social responsibility in GCC? 8. discuss the organization growth in GCC links with...
What are business risk and financial risk? How do each influence the firm's capital structure decisions?
Discuss how cultural competence, or lack of cultural competence, can impact patient care. What strategies work well for practice of culturally acceptable nursing assessment, communication, and intervention?
Compare and contrast 5 search engines in global business. How do they aid in decision-making and negotiation processes? Within today's global business, what do you see happening in the next 5 years regarding search engines' growth and global strategies? Search engines carry national identities and cultures. Compare five major search engines from each continent, based on their local markets, strategies, and national characteristics.
COURSE NAME: BUSINESS ENVIRONMENT Company: Samsung REQUIRED: 3.1,.3.2.3.3,4.1,4.2,4.3 3.1 Explain how market structures determine the pricing and output decisions of businesses 3.2 Illustrate the way in which market forces shape organisational responses using a range of examples 3.3 Judge how the business and cultural environments shape the behaviour of a selected organization 4.1 Discuss the significance of international trade to UK business organisations 4.2 Analyse the impact of global factors on UK business organisations 4.3 Evaluate the...
COURSE NAME: BUSINESS ENVIRONMENT REQUIRED: 3.1,.3.2.3.3,4.1,4.2,4.3 3.1 Explain how market structures determine the pricing and output decisions of businesses 3.2 Illustrate the way in which market forces shape organisational responses using a range of examples 3.3 Judge how the business and cultural environments shape the behaviour of a selected organization 4.1 Discuss the significance of international trade to UK business organisations 4.2 Analyse the impact of global factors on UK business organisations 4.3 Evaluate the impact of policies of the European Union on UK business organisations
How can differences in cultural background affect business? Give a specific example of a company, apparel companies preferred, that has made adjustments to their products, marketing and advertising, distribution channels or other business practices to accommodate cultural differences in their targeted market. Do not use examples from the food industry. Use current information from business publications and websites. Provide hyperlinks to substantiate your information. Focus on apparel and related companies. No hyperlink----no credit for the submission. An acceptable time frame...