Big Takeaways
In class different decision-making methods were taught but one of the most important was the Simple Decision Matrix. This process starts by evaluating the relevance of the issue as urgent or not urgent and important or not important. Once it is determined when the issue needs to be addressed the simple decision matrix can be used to find a solution. This matrix involves listing multiple possible solutions and the potential outcomes of these solutions. Using this matrix is beneficial because an informed decision can be made about the best solution for the issue.
Stages of International Development
Another class lecture focused on the stages of international development and how a company grows from a local business to a multinational corporation. The steps are as follows:
1. Domestic Company
2. Domestic Company with Export Division
3. Primarily Domestic Company with International Division
4. Multinational Corporation with Multidomestic Emphasis
5. Multinational Corporation with Global Emphasis
Stages of International Development
Another class lecture focused on the stages of international development and how a company grows from a local business to a multinational corporation. The steps are as follows:
1. Domestic Company
2. Domestic Company with Export Division
3. Primarily Domestic Company with International Division
4. Multinational Corporation with Multidomestic Emphasis
5. Multinational Corporation with Global Emphasis
FTM 484 Assignments
Case Study Analysis
|
Business in the Czech Republic Vs United States |