Question

Define any two global strategies. Provide an example of each one that clearly demonstrates how it works.

Answer 1

Let us define first about the global strategy

A global strategy can be defined as the plans, an organization has developed to target growth beyond its borders.

Two Global strategies

Export: This is the strategy to sell the goods and services to other countries of the world through exports were local or domestic firms plan to sell the goods and services beyond borders and hence able to enhance its market share among the world market.

Multinational: Organization starts opening offices in different location of the world. This approach of having offices in the different part of the world is called Multinational approach where the company resembles their presence by opening offices in other countries and able to work locally from those countries