Question

Discussion of future scenarios - Globalisation and MNEs strategies. For this reason, you can get supportive tips through ( of course, use company examples):

- change management of international operations
- global strategies based on the integration-responsiveness framework
- functional area of excellence management
- ISO/Six Sigma/TQM implementation as a common trend discussion of future scenarios - Globalisation and MNEs strategies. For this reason, you can get supportive tips through ( of course, use company examples):
- change management of international operations
- global strategies based on the integration-responsiveness framework
-functional area of excellence management
-ISO/Six Sigma/TQM implementation as a common trend

Answer 1

The discussion on Globalization and MNEs strategies includes change management in international operations, application of global strategies through the integration-responsiveness framework, functional area excellence management, and consistent quality management practices like ISO, Six Sigma, or TQM.

Step-by-step explanation:

The subject of future scenarios involving Globalization and multinational enterprises (MNEs) strategies revolves around understanding the complexities of international trade and the pivotal role played by MNEs in shaping both local and global economies. Several strategies once adopted by MNEs include:

• Change management of international operations: This involves the necessary adjustments within the company's management structure and operational strategies to adapt to international markets.
• Global strategies based on the integration-responsiveness framework: This framework helps MNEs in balancing the need for global integration and local responsiveness.
• Functional area of excellence management: Ensuring excellence in the various functional areas of the company such as marketing, finance, human resources, and production is essential in maintaining a competitive edge.
• Implementation of ISO/Six Sigma/TQM as a trend: These are quality management systems that provide a standardized approach across different countries, promoting efficiency and consistency.

Examples of corporations that have successfully navigated these dynamics include Apple, Amazon, and Toyota. These companies continuously adapt their operations, quality management systems, and business models to maximize their global presence while catering to local needs.