capsim research and development round 1

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Strategic Management (12th Edition)

Recommended solutions for you in Chapter 8

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Problem

What four factors are determinants of national advantage and serve as a basis for international business-level strategies?

Step-by-step solution

There are four factors that can determine the national advantage from which the basis of international business-level strategies can be honed. These factors are: (1) factors of production, (2) demand conditions, (3) related and supporting industries, (4) firm strategy, structure, and rivalry.

Factors of production define the relative availability of resources like land, labor and capital in the particular country.

Demand conditions define the demand for the particular product manufactured by the firm in that country.

Related and supporting industries define the allied industries that aid the growth of the main industry. For example, the automobile industry to flourish in a particular area requires the presence of the various component manufacturers with-in a short radius from the manufacturing hub so the transportation and other related costs can be brought down.

Firm strategy, structure and rivalry defines the amount of competitiveness in the particular industry, the structure of the industry and the strategy used by the firm in order to capture enough market share.

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Chapter 8, Problem 9RQ

What are two important issues that can potentially affect a firm’s ability to successfully use international strategies?

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