Strategic Management Robert M. Grant’s: Contemporary Strategic Analyses Answer section A Total paper page length minimum expectation: about 2 single spaced 12 font. Section A: Discuss class lectures...

1- Discuss class lectures on Chps. 15 and 16 as they would apply to a global,
giant industrial organization?
 Globalization is marked by international integration in the international
market, which has increased considerably with the passage of time. Globalization
is marked by economic innovation which is triggered by cultural and political
diffusion.
 Globalization has increased the opportunity of firms to operate in the
global market, it helps the different companies to increase the economies of scale
as well increasing its competencies in manufacturing and operating activities by
adopting different activities a different nations.
 When a firm operates in the global market the firm can focus on buying
raw material and labour from low cost nation, so that the company is able to
manufacture the goods at comparatively low prices.
 When the company operates in the local market it manufactures in one
nation, purchases equipment from other nation whereas manufacture its product in
another nation, through this the company is able to achieve economies of scale
and it can manufacture goods at comparatively low price. By operating in the
global market the firm is able to work on a competitive landmark.
 With globalization the company is able to tap the uncaptured market in the
global market. “Global markets are attractive strategic options for some
companies, but they are not the only source of strategic competitiveness. In fact,
for most companies – even for those capable of competing successfully in global
markets – it is critical to remain committed to the domestic market. In the 21st-
century competitive landscape, firms are challenged to develop the optimal level
of globalization, a level that results in appropriate concentrations on a company’s
domestic and global operations.” (Hitt, 2009).
 A firm operating in the global market is able to gain competitive
advantage through continuous focus on changing technology, innovation and the
ability of...