Q1 – Ace my homework – Write my paper – Online assignment help tutors – Discuss the facets of globalization.
Q2 – Watch the short video at the following link
What is inbound logistics and outbound logistics?
Q3 – Recommended
Colin. W (2004). Strategic Management. Palgrave MACMILLAN. Retrieved from http://dr-ama.com/wp-content/uploads/2013/10/Strategic-Management.pdf
(Max 100 words for every question)
Question 1
Why are strategic decisions different from other kinds of decisions?
Question 2
When is the planning mode of strategic decision-making superior to the entrepreneurial and adaptive modes?
Q1 – Facets of globalization:
Economic globalization has led to a significant rise in cross-border trade and investment flows. Multinational corporations have expanded production and marketing networks globally. However, this has also increased economic interdependence between nations and vulnerability to external shocks.
Cultural globalization has accelerated the spread of popular culture through media and entertainment. However, some argue this threatens local cultures and identities. At the same time, it has fostered cultural exchange and hybridization.
Political globalization is seen in institutions like the UN, WTO and IMF that influence state policies. However, their legitimacy and accountability at the global level remains limited compared to national governments. Supranational bodies also face challenges of differing state interests.
Technological advances in areas like internet, mobile phones and transportation have been a major driver of global connections. However, the digital divide means access to technologies is unequal both within and between countries.
Environmental globalization issues like climate change require global cooperation due to their transboundary nature. However, reaching international agreements on mitigation and remedial action is challenging given differences in development levels.
Q2 – Strategic decisions require consideration of external opportunities/threats and internal strengths/weaknesses to achieve long-term goals. In contrast, entrepreneurial decisions focus on new opportunities, while adaptive decisions respond to unanticipated changes.
The planning mode is superior when the environment is relatively stable and predictable. Under conditions of certainty, formal planning allows comprehensive analysis to formulate optimal strategies.
However, in dynamic environments with uncertainty, the entrepreneurial and adaptive modes that emphasize flexibility may be more effective than than than rigid planning. Emerging opportunities then need swift exploitation through trial-and-error action rather than extensive forethought.
Q3 – I need help writing my essay – research paper find the detailed 100 word summary of the recommended source below:
Colin W (2004) discusses strategic management as a process involving environmental scanning to analyze external opportunities and threats in political, economic, social, technological and other domains. Based on internal resource assessment, long-term goals and strategies are then formulated to achieve competitive advantage. Key frameworks for strategic analysis and choice like SWOT, Porter’s five forces, value chain and generic strategies are outlined. The book emphasizes strategy implementation requires effective organizational structure, leadership and culture. Strategies are also evaluated and adjusted based on performance feedback in a continuous process of strategic thinking and strategic change.
