Global strategies have many issues to be concerned with such as economic, cultur

Question

Global strategies have many issues to be concerned with such as economic, cultural, and legal & political issues. Legal and political issues vary per country. Economic factors involve currency exchange rate, inflation, and the diverse tax policies.

What are some of the global strategies that companies in the United States have implemented to offset many of the economic issues; such as the rise in gas prices and the property market decline? Also, come up with a global strategy plan to address and improve the issues you just conveyed.

Please make your initial post by mid-module, and respond to at least one other student's post by the end of the module.

Explanation / Answer

Below are some of the global strategies that the companies in the US have implemented to offset the economic issues-

1. Forming strategic alliances and joint ventures with companies in the foreign countries where the US firms will provide technology and financing to an extent whereas the local firm employs skilled resources and manages the operations in their home country.

2. Expanding the businesses through licensing strategy where the firm leases the right to use its intellectual property which includes technology, patents, copyrights, trademarks, brand names, work methods etc. to another firm for a certain period of time in return for a fee called Licensing fee.

3. Expanding the businesses through where the firm can provide the rights to use its name as well as its facility layout as well as intellectual property rights etc. to another firm which gains advantage of the parent .

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