Final answer:
Companies should pursue global production because it can provide access to larger markets, lower production costs, and a wider range of resources and expertise. However, they should not pursue global production if it poses risks or challenges that outweigh the potential benefits.
Step-by-step explanation:
In terms of global production, there are arguments for both pursuing and not pursuing it. Companies should pursue global production because it can provide access to larger markets, lower production costs, and a wider range of resources and expertise. For example, a company that produces smartphones might choose to manufacture in multiple countries to take advantage of lower labor costs and access to specialized components.
On the other hand, companies should not pursue global production if it poses risks or challenges that outweigh the potential benefits. Some of these challenges include political instability, cultural differences, and logistical complexities. For instance, a company may decide against global production if it requires navigating complex trade regulations or if it poses a risk to the quality or timeliness of production.
Ultimately, the decision to pursue or not pursue global production depends on factors such as the company's goals, resources, capabilities, and the specific industry it operates in.