Question 1
International corporations are business enterprises with manufacturing, sales, or services in one or more foreign countries. Such businesses influence other businesses or government. Global cooperation is a business that does business all over the world. This means the company has been established in every country worldwide.
Multinational and global corporations are different in certain ways. To start with, the multinational corporation company produces goods and services , i t has its offices in several countries while the global corporation has trade relations with many countries in the world. Secondly , multinational corporation companies have a well-established official headquarters, while global corporations companies do not have.
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M ultinational corporation companies pay their locals a meager salary rate than global companies. Also, g lobal corporations companies sell products with the same characteristics as their image, while multinational corporation companies modify their products to meet the need of the countries hosting them.
Question 2
Several international strategies help export products and services to foreign markets and import from other countries for domestic use. G lobal strategy is the plans developed by an organization targeting growth beyond its borders ( Lasserre, 2017) . The global strategy aims to increase sales abroad . O n the other hand, the transnational strategy is a plan used by businesses to help them decide how to conduct their international borders. It enables the business to invest in overseas countries.
These two strategies are different in some ways. For instance, the global strategy focuses on international standardization, while transnational strategy is responsive to different regions, global strategy is cost-effective while the transnational is very costly to use. Moreover, t he global strategy helps the company market its products around the world using one image for the brand , i n contrast, the transnational strategy allows the company to invest in foreign operations to retain its marketing structure.
Question 3
Most organizations would choose to use global strategy over the other strategies because it benefits them by using the local requirements in fav o r of efficiency. The global strategy stress the need to have economies of scale by giving the same product and services in the market ( Cuervo ‐ Cazurra et al., 2020 ). Global strategy is best-suited industries where their product and services are hidden from the customer's view and the companies developing s oftware that can be adjusted to match the host country's needs.
Question 4
The ethical values and corporate social responsibility m ay affect the process and planned outcomes of the global expansion by causing the local community to lose interest in participating in CSR activities.
Question 5
The prime ethical consideration for global and transnational strategies includes; getting informed consent of confidentiality from the organizations involved and educating the potential organization harm that can come about because of the use of the strategies and the organization's voluntary participation in the strategies. The strategic plan that accompanies the international strategy to help them meet the ethical and CSR expectation are the planning, SWOT analysis, the five-forces models, and the business level strategies.
References
Cuervo ‐ Cazurra, A., Doz, Y., & Gaur, A. (2020). Skepticism of globalization and global strategy: Increasing regulations and countervailing strategies. Global Strategy Journal , 10 (1), 3-31.
Lasserre, P. (2017). Global strategic management . Macmillan International Higher Education.
