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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.
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.
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.
Global vs multi domestic vs transnational strategy?
Global strategy focuses on offering a standardized product or service across international markets, emphasizing efficiency and cost reduction. Multidomestic strategy tailors products and marketing to fit local preferences and conditions, prioritizing responsiveness to individual markets. Transnational strategy seeks to balance global efficiency with local responsiveness, leveraging global scale while adapting to local needs. Each approach reflects different priorities in how companies manage operations across borders.
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.
Can I negotiate on the price quotes of local painters?
I am looking into the ratings of local painters. When I receive a price quote, are the prices typically firm or can I try to negotiate a lower price?
