Basic elements of learning organization

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Reference no: EM132249388

1. A “think local, act local” multidomestic type of strategy

Focuses on the same basic competitive approach in all countries where the firm does business

Always makes a company vulnerable to rivals employing “think global act global” strategies

Protects a multinational firm against fluctuating exchange rates

Generally, an inferior strategy when one or more foreign competitors is pursuing a global low-cost strategy

Employs essentially the same basic competitive strategy theme in all country markets

2. Based on what you learned in the lesson, answer the following questions:

1. Why is it necessary to have some knowledge of administration, even if you do not think that you are going to be a manager?

2. What are the basic elements of a learning organization?

3. Perform a search on the internet and indicate:

• Which are the first 5 most recognized companies in the world?

Reference no: EM132249388

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