List and Explain Three Strategic Motives Why Firms Become Multinationals

question 65

Essay

List and explain three strategic motives why firms become multinationals and give an example of each.

Realize the importance of tailoring marketing efforts to meet diverse and evolving consumer needs and wants.

Identify the elements of the consumer's immediate environment and their impact on marketing strategies.

Understand the role and significance of corporate partners in delivering products and services.

Grasp the concept of value-based marketing and its importance in competitive differentiation.

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Definitions:

High-Performance Work System

A strategic approach to organizational management that integrates practices and policies designed to enhance employee engagement, productivity, and competitiveness.

HRM

Stands for Human Resource Management, which involves managing people in organizations focusing on policies, systems, and practices.

HR Dashboard

A visual representation tool used in human resources to display key HR metrics and performance indicators in real time to aid decision-making.

HR

Human Resources, a department within organizations responsible for the management of employee-related functions like recruitment, training, and benefits.