Prompt:Different cultural perspectives of a region can impact several aspects of a company’s global business operations.This week, in Readings & Resources, you review an article on business strategy...

Global business strategy is the strategy that businesses adopt to make sure that they expand across the world. But at the same time, this is also a strategy where businesses need to make a trade-off between the two most important things which are global integration and local responsiveness which are important because any region the company is going to market in has to be locally responsive and therefore they have to make products according to that but the other thing which misses out on this is that the with increase in local responsiveness the global integration is mixed because both cannot be shown at the same time in a product.
The four global business strategies which have been talked about across the globe are:
· Standardization strategy
· Transactional strategy
· Export strategy
· Multi domestic strategy
All four global business strategies play a part, but they lie at different places in the balancing chart of global integration and local responsiveness, and the one strategy that each of the firms has to reach is called ‘Transnational Strategy’ because this strategy has high global integration and also huge local responsiveness which makes it perfect for the business to reach there.
Export Strategy
An export strategy is a strategy where the company is majorly focused on domestic operations where the company only produces goods which are made for the domestic region and then tries to export...