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What organizational architecture a transnational firm might adopt to reduce the costs of control?
A transnational firm might adopt a matrix organizational architecture to reduce costs of control by enabling flexibility and responsiveness across its global operations. This structure allows for dual reporting relationships, balancing global integration with local responsiveness, thus facilitating efficient resource allocation and decision-making. By leveraging cross-functional teams, the firm can enhance collaboration and knowledge sharing while minimizing redundant oversight, ultimately lowering control costs. Additionally, empowering local managers with decision-making authority can streamline operations and reduce the need for extensive centralized control mechanisms.
Under what circumstances will a monopolistically competitive firm's demand curve be least elastic?
A monopolistically competitive firm's demand curve will be least elastic when its products are unique and have few close substitutes, leading to less responsiveness to price changes by consumers.
What factors increases pressure local responsiveness?
Factors that increase pressure for local responsiveness include cultural differences, regulatory requirements, and customer preferences that vary by region. Companies may face competitive pressures to tailor their products and services to meet local needs and tastes. Additionally, globalization can lead to diverse market conditions, prompting firms to adapt their strategies to remain relevant and successful in specific locales. Economic factors, such as income levels and purchasing power, also play a significant role in shaping local responsiveness.
Who are the stakeholders in a firm?
stakeholders is a firm are the customers, staff, bank, suppliers, owners, bank, local authority.
What is external responsiveness?
external responsiveness is to meet the demands of the market.
What factors increases pressure for local responsiveness?
Factors that increase pressure for local responsiveness include cultural differences, local consumer preferences, regulatory requirements, and competitive dynamics in specific markets. When consumers have distinct tastes and preferences, companies must adapt their products and marketing strategies to align with local expectations. Additionally, varying regulations and standards can necessitate adjustments in operations. Finally, intense competition from local firms may compel businesses to be more attuned to the unique needs of each market.
How would you characterize the strategy Coke is now pursuing?
Coke is now pursuing a transnational strategy which actually is a combination of both Global and Localization Strategy. The firm seeks to combine the benefits of global-scale efficiencies with the benefits of local responsiveness. Interchange still occurs between the home base and foreign subsidiary and between foreign subsidiaries - a process known as global learning
Where can one get a divorce law firm?
You can easily find a local divorce firm by checking for one of Google. This search should find plenty in your area and enable you to get the advice that you need.
What is the primary strategic goal of a multi domestic firm?
The primary strategic goal of a multi-domestic firm is to customize its products and services to meet the specific needs and preferences of consumers in each local market. This approach allows the firm to respond effectively to local competition, cultural differences, and regulatory environments. By tailoring its offerings, a multi-domestic firm aims to enhance customer satisfaction and gain a competitive advantage in diverse geographic regions.
How does the us company recruite the staff overseas?
A U.S. company will almost always hire a recruiting firm in the local area in which they want to recruit (all language is local) or hire a recruiting firm specializing in international recruiting. It is truly amazing what can be done on the Internet today.
How can you learn more about cfd trading?
Cfd stands for Contract for difference. You can learn about it in your local law library or you can talk to your local accounting firm for information on the topic.
Differences between an international firm and a multinational firm?
An International firm typically operates in , for example, the U.S. but sell or exports worldwide or Internationally. A multinational firm will typically have offices and branches in many different countries and will operate within each country as a local or national firm. An example of an international firm might be Omaha Steaks which operates within the US but exports worldwide. An example of a multinational might be Microsoft or Ford Motors Co.
