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JWU Business Strategic Measures to Mitigate Potential Risks Questions

You and your co-managers are asked to collaboratively discuss and develop responses to each of the following questions prior to entering your final set of decisions for this week. Please make certain to address all aspects of each question specifically in your responses which each should be 1 to 2 paragraphs in length. For additional help in answering these questions, see the “Exercise for Simulation Participants” sections at the end of each chapter. There are similar questions to the ones found below and links to corresponding sections in the textbook (Thompson, Crafting & Executing Strategy: The Quest for Competitive Advantage: Concepts and Cases 23e).

  1. List any steps your company has taken in response to changing exchange rates.
  2. List any steps your company has taken in response to import tariffs and/or import duties.
  3. Which strategic approach (multidomestic, global, or transnational is your company using to compete internationally and why was this approach chosen? 

https://www.glo-bus.com/

– This is the link to the business strategy simulation game

JWU Business Strategic Measures to Mitigate Potential Risks Questions
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