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International companies use various strategies to gain a competitive advantage in the marketplace Describe the main characteristics of the following strategies and provide examples of corporations...

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International companies use various strategies to gain a competitive advantage in the marketplace
Describethe maincharacteristicsof the following strategies and provide examples ofcorporationsthat have implemented them.
Global strategy
Transnational strategy
International strategy
Localization strategy
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The original post must contain a minimum of 300 words. Students must demonstrate critical thinking by paraphrasing the material into their own words
All citations should be in APA format with a reference listing at the bottom of the post.
Answered 2 days After Sep 24, 2022

Solution

Sanjukta answered on Sep 27 2022
72 Votes
International Business
Global strategy- It is the strategy that is developed by a firm for expanding into the global marketplace.
Major characteristics of global strategy are:
· Assessing every service or product from perspective of both domestic and international market standards
· It involves thinking in an integrated way in terms of all aspects of business its production sites, supplier, markets, etc (Peng, 2021)
One of the most famous companies that have implemented is Nike and it has been able to evolve its global presence via selecting the international sponsorships carefully.
Transnational strategy- It is plan of action where a business decides to conduct its activities...
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