Homework: Business Policy and Decision Making- Strategy Exercises Worksheet
Overview: This exercise will tie concepts from the chapter material to the simulations assigned in this module. Completing this exercise will prepare you to help you to make decisions during the simulation rounds and prepare you for completing your decision log journal entry, artifact analysis homework, and milestone due in this module.
Specifically, you will apply what you learned in Chapter 7 to identify your international competitive strategy, as well as outline specific actions to address exchange rate changes.
Directions: Download and save a copy of this document so you can edit the worksheet with your responses to the questions below.
a. Does your company compete in a world market arena characterized by multi-country competition or global competition? Explain why.
Strategy
Explanation
b. Which of the strategy options for competing in global markets discussed in this chapter best describes the strategic approach your company is taking to compete successfully in the four geographic regions comprising the global athletic footwear market: i) Think local, act local, ii) Think global, act global, or iii) Think global, act local? Explain your answer.
Strategic Option
Explanation
c. Indicate two chief elements of the strategy you identified in the previous question that characterize your company's strategic approach to competing in each of the four geographic regions:
North America
Latin America
Asia-Pacific
Europe-Africa
d. Is your company's practice to ignore exchange rate changes or to adapt your strategy and decisions to a) capitalize on favorable exchange rate changes (especially if the change is large) and b) to minimize the adverse impact of unfavorable exchange rate changes? Identify at least two specific actions that your company can take to lessen the impact of unfavorable exchange rate changes on your company's financial performance.
Exchange rate strategy
Two specific actions that your company can take to lessen the impact of unfavorable exchange rate changes on your company's financial performance:
e. In what specific ways, if any, have you and your co-manager(s) adapted your company's strategy to take into account geographic differences in import tariffs?
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
Attachment:- Chapter-7-and-8.rar