PART 1

Question 1

FACTORS THAT SHAPE THE GLOBAL BUSINESS LANDSCAPE
(5-ETPSE)

Answer 1

1. Economic Trends and Globalization
2. Technological Advances and Digital Transformation
3. Political and Regulatory Environment
4. Social and Cultural Factors
5. Environmental Concerns

Question 2

• Greater globalization leads to increased competition and access to new markets.

Answer 2

Economic Trends and Globalization

Question 3

• Understanding economic trends is crucial for navigating the international business environment.

Answer 3

Economic Trends and Globalization

Question 4

Rapid technological changes impact how businesses operate and compete globally

Answer 4

Technological Advances and Digital Transformation

Question 5

Organizations must keep up with technology to avoid falling behind competitors.

Answer 5

Technological Advances and Digital Transformation

Question 6

Varying laws in different countries affect trade agreements, tax policies, labor regulations, and intellectual property rights.

Answer 6

Political and Regulatory Environment

Question 7

Companies operating globally must navigate diverse political and regulatory landscapes.

Answer 7

Political and Regulatory Environment

Question 8

Consideration of cultural differences, language barriers, and consumer behavior patterns is essential for global business success.

Answer 8

Social and Cultural Factors

Question 9

Corporate social responsibility initiatives gain importance globally.
Stakeholders demand sustainable

Answer 9

Environmental Concerns

Question 10

Stakeholders demand sustainable practices, including ethical sourcing and reducing carbon emissions, influencing global business operations.

Answer 10

Environmental Concerns

Question 11

STRATEGIES FOR SUCCESS IN THE GLOBAL BUSINESS LANDSCAPE
(8-MASFICC)

Answer 11

1. Market Research and Analysis
2. Adaptation and Localization
3. Strategic Partnerships and Alliances
4. Corporate Social Responsibility (CSR) & Sustainability
5. Flexibility and Adaptability
6. Investment in Innovation and Technology
7. Crisis Management and Contingency Planning
8. Continuous Learning and Skill Development

Question 12

Deep understanding of local markets, competition, and cultural nuances.

Answer 12

Market Research and Analysis

Question 13

Allows adaptation of products, services, and marketing strategies for specific regions

Answer 13

Market Research and Analysis

Question 14

Market Research Process (5-PARDD)

Answer 14

Problem definition
Approach formulation
Research design and selection
Data collection
Data processing

Question 15

Tailoring offerings to meet the needs and expectations of consumers in different countries.

Answer 15

Adaptation and Localization

Question 16

Customizing product features, packaging, pricing strategies, and promotional materials while maintaining brand consistency.

Answer 16

Adaptation and Localization

Question 17

Collaboration with companies possessing expertise or resources in specific areas.

Answer 17

Strategic Partnerships and Alliances

Question 18

Provides access to new markets or technologies and minimizes risk in global expansion

Answer 18

Strategic Partnerships and Alliances

Question 19

CSR initiatives contribute positively to society, building trust with customers.

Answer 19

Corporate Social Responsibility (CSR) & Sustainability

Question 20

Emphasis on sustainability measures, such as reducing carbon footprint or plastic usage, for long-term social and financial benefits.

Answer 20

Corporate Social Responsibility (CSR) & Sustainability

Question 21

Readiness to adapt strategies based on changing global conditions

Answer 21

Flexibility and Adaptability

Question 22

Flexibility in response to environmental shifts, regulatory changes, or market dynamics

Answer 22

Flexibility and Adaptability

Question 23

Emphasis on research and development to stay ahead in technological advancements.

Answer 23

Investment in Innovation and Technology

Question 24

Incorporating innovative solutions to address global challenges and remain competitive

Answer 24

Investment in Innovation and Technology

Question 25

Preparation for potential crises, considering geopolitical issues or natural disasters

Answer 25

Crisis Management and Contingency Planning

Question 26

Implementation of robust contingency plans to ensure business continuity during unforeseen events.

Answer 26

Crisis Management and Contingency Planning

Question 27

Ongoing training and development to adapt to evolving global business trends.

Answer 27

Continuous Learning and Skill Development

Question 28

Ensuring employees possess the skills needed to navigate diverse markets and challenges.

Answer 28

Continuous Learning and Skill Development