Question 1: Today’s environmental scanning is not limited to domestic industry landscape–rather it has been already a global competition. Please provide your definition of global economic world. Discuss the strategic reasons for globalization of a business and value chain activities. And do you agree with the argument, “The World isn’t Flat.”? Why? Question 2:There are three types of global competitive strategy: Global, Multi-domestic, and Transnational strategy. Discuss advantages and disadvantages associated with multi-domestic strategy. Provide your suggestions on the managerial considerations (e.g., organizational structure, control systems, coordinating mechanisms, etc.) for successful implementation of the multi-domestic strategy.PLEASE NOTE: the essay should be your own words, not cited from any other materials including the textbook. The length of your essay per each question should be about one (1) page, double-spaced, per question.
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