International Business Strategies in Action Assignment - 1

International Business Strategies in Action - Assignment Example Ghemawat discusses three main strategies that can be implemented by the organizations during their foreign operations and also in response to globalization. The three strategies are categorized as adaptation, aggregation, and arbitrage. The article in a way aims to differentiate how business strategies are formulated based on the origin and nature of a business or an organization, and importantly based on their operations, particularly international operations. The basic premise of this article is how the organizations have to focus on the different business factors that needed to be considered in the foreign country of choice, and how strategies continuously needs development over the years as the business or organization grows in the country of choice. It also gives us a view of how these strategic factors change over the years and its significance in putting an international business strategy in action. An international business strategy is formulated based on different factors yo u can gather in the target market. This is also one big reason why a strategy formulated for a particular country or market would most probably fail in other countries. Summary Author Ghemawat focuses on the international strategies through the three A’s strategy categories of adaptation, aggregation, and arbitrage. ... In that direction, the entering firms will set up local units, as the unit and its employees will maximally know about the local market and can function accordingly and effectively. These country specific strategies could work in certain countries and for organizations in certain sector. â€Å"According to the article, companies that utilize an adaptation strategy most likely have a country-centered organizational model.† (mendeley.com). Aggregation strategy provides the organization the option of running their regional operations as part of their global operations itself. â€Å"Aggregation attempt to deliver economies of scale by creating regional, or sometimes global, operations, it involves standardizing the product or service offering and grouping together the development and production process.† (Ghemawat 2007, p.60). Thus, according to the author, this strategy can be applicable in this current globalized world, as many organizations are operating across borders. â€Å"Operations that are designed to function across borders are more likely to be employed if aggregation is the strategy.† (mendeley.com). The strategy of Arbitrage can also be practiced by MNC, if they have a widespread reach and network. That is, organizations following this strategy can set up operations in different parts of a country or even in different countries, where there is apt resources including human resources. â€Å"Arbitrage is the exploitation of the differences between national or regional markets, often by locating different parts of the supply chain in different places.† Examples include call centers in India, factories in China, and retail shops in Western Europe. (Ghemawat 2007, p.60). All these three

Annotated Bibliography for Classical Argument Paper

For Classical Argument Paper - Annotated Bibliography Example He had aimed at converting the virus into its own pre-pandemic state so that he could determine how it has changed over the past four years. According to the article, the virus that has been tweaked would make the inhabitants of the world vulnerable in the event that it escaped from the laboratory. The article goes further to state that the official at the University of Wisconsin have reassured the public that there is minimal risk of the virus finding its way out of the laboratory. The University considers the manipulation of the virus as a way of finding out how the virus can be dealt with and come up with changes that will make it less dangerous for human beings. This article will be used to (Farberov, 2014) that there are virus that have been modified such as the 2009 pandemic influenza that killed nearly half a million people globally to make it resistant to human immune system. The book focuses on immortality and whether it is a good thing as well as what you do once you acquire it. The protagonist in Lapin (2009) is a researcher in genetics known as Adam Boatwright and the immortality that he possesses is the kind that is achieved by not aging that he has discovered using his own technique. The book is among the Boatwright chronicles and this means that by the end of the book the reader will not have discovered if Adam is able to handle his condition of not aging. Adam is motivated in his research by his will to safeguard just his wife from breast cancer and throughout the novel, he pursues this agenda. Adam holds his wife in high esteem and listens to her ideas as well as taking her to an expedition that she has not prepared for. According to the author, the novel is not a sci-fi but it can be seen to treat themes of sci-fi and others that are not permissible in real life. The book by Lapin (2009) will be used to show that