U2 Establishing a Global Presence Flashcards
1
Q
What is the importance of global presence for a country?
A
- signifies a country’s reliability, fairness, integrity, and product standards.
- It provides access to worldwide capital and markets.
2
Q
How does Canada benefit from its global presence?
A
- Canada’s global presence makes other countries aware of its products, standards, and reliability.
- It grants access to worldwide capital and markets for Canadian businesses.
- It establishes credibility and trust in the international business community.
3
Q
What are some examples of establishing an international presence?
A
- Setting up distribution arrangements, offices, and manufacturing plants in other countries.
- Hiring local staff
- Creating a toll-free phone number, website, and e-commerce focus to facilitate international interactions.
4
Q
What are some challenges companies face when expanding internationally?
A
- does not always result in growth and profit.
- Identifying the leading product and target markets for international entry.
- Determining the best approach and speed for international expansion.
5
Q
how can companies turn global presence into a competitive advantage?
A
- Pursuing opportunities and adapting to local market demands.
- Outperforming global competitors.
- Leveraging access to markets and distribution channels.
6
Q
How does competitiveness relate to research and development (R&D)?
A
Encouraging innovation through productive management strategies.
7
Q
What factors have affected Canada’s competitiveness?
A
- Canada’s lower GDP compared to the United States and some European countries.
- Lagging manufacturing sector and limited investment in R&D.
- Slower adoption of new technologies and reliance on services rather than manufacturing.
8
Q
How do governments stimulate companies to improve their performance and environmental standards?
A
Governments insist on high-quality and performance standards for their purchases.
