Question

Question:

Certain companies based in certain countries are able to overcome the substantial barriers to change and consistent innovation besides aggressively pursuing improvements and seeking competitive advantage.

REQUIRED:

1: As a strategy and policy expert of your country, suggest and critically discuss the function to be assumed or part to be played by your government in the above scenario. . (1000 words)

Answer 1

1. Companies tend to pursue advantages and seek competitive advantages because of superiority of resources in other countries

2. These companies or countries often produce goods in the other countries where there are low tariffs or low taxes. This is because these companies wanted to lower the cost of production as least as possible compared to the rival countries or companies.

3. These also use several strategies of export in order to evade the fluctuations of adverse exchange rate.

4. Comparing a lower location costs by picking up lower value chain system further dropping down the cost of production and ease of cross-border conflicts.

5. Instead of global strategy they try to implement multi-domestic strategy to their advantage.