GMS 520 Chapter Notes - Chapter 4: Quality Control, Rescission, Food Industry

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Objectives: both guide formulation of internal corp strategy. Objective of international ailiates should also be part of global corp strategic objectives, usually in areas of marketing, inance, proitability, production, rd. Proitability goals for international usually higher than for domestic because of greater risk involved. Must account for change in tax regulations in various countries, how to minimize overall losses from exchange rates: assess external environment. Environmental assessment scanning and continuous monitoring to keep up with variables that might be opportunities/threats. Institutional efects on international competition: formal and informal forces. Formal: promulgate laws, rules attractiveness of overseas market, entry barriers, industry attractiveness, antidumping laws. Attractiveness of overseas markets: extent to which country institutes promote rule of law, liberty, human rights, contribute to stable environment by protecting property rights, etc, more developed = more stable and attractive. Entry barriers/industry attractiveness: institutions create barriers to entry, making certain industries more attractive/proitable for incumbent.

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