To support your work, use your course and text readings (Hitt, M.,Ireland, R., and Hoskisson, R. (2011). Strategic Management: Competitiveness and Globalization. [Vital Source digital version]. Mason, OH: South-Western Cengage Learning.) and also use outside sources. As in all assignments, cite your sources in your work and provide references for the citations in APA format.
There is not a word or page maximum, but I would suggest about 600 words.
Business-level, Corporate-level, and International Strategies
Using the Internet or textbook, research about the following:
- Globalization
- International strategic alliances
- Cooperative strategies
Part 1
Based on your research and reading, complete the following tasks:
- Define liability of foreignness and regionalism. Discuss how it relates to and how it impacts international strategies.
- Describe corporate strategic alliance and discuss why a company would want to develop one. Are strategic alliances necessary for a company to expand internationally?
- Describe the primary reasons for failure of an international strategic alliance. Identify at least four fundamental issues that affect trust between partners, and explain when an acquisition is more favorable than a strategic alliance.
Part 2
Cooperative strategies seem to be a good idea. Using what you have learned about strategic management and in relation to cooperative strategies, respond to the following questions:
- Discuss the difference between a business-level cooperative strategy and a corporate-level cooperative strategy. Under what circumstances would you choose to develop a cooperative strategy? When is it not a good idea?
- Explain the approach you would adopt to manage a cooperative strategy between two companies.
- Describe the three types of strategic alliances and the reasons why companies develop them.
- Describe situations when each is most appropriate to adopt.
Competencies Covered:
- Relate strategic management concepts to the international business environment and outline environmental trends affecting international strategy.
- Compare and contrast different types of cooperative strategies and examine the competitive advantages, disadvantages, and dynamics of cooperative strategies.
Rubric for the assignment is attached
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