Reference no: EM133782276

Question

Addressing International Strategic Political and Economic Risks as Ford's CEO As the CEO of Ford, managing automobile factories in Mexico and Canada involves navigating a complex web of political and economic risks. Currency Hedging: Utilize financial instruments such as forward contracts and options to hedge against currency fluctuations. Cost Control: Implement stringent cost control measures to maintain profitability even in the face of economic downturns. Flexible Manufacturing: Invest in flexible manufacturing systems that can quickly adapt to changes in demand and supply conditions. Scenario Planning: Engage in robust scenario planning to prepare for various political and economic contingencies. Recommended International Diversification Strategy for LEGO For LEGO, an international diversification strategy should focus on expanding its presence in high-growth emerging markets while deepening its market penetration in established markets. Product Innovation: Continue to innovate with new product lines and themes that resonate with current trends in established markets like the US and Europe. Brand Loyalty Programs: Strengthen customer loyalty through robust loyalty programs and community engagement activities. Online Platforms: Expand e-commerce capabilities and enhance the online shopping experience. Educational Integration: Integrate LEGO products with educational initiatives to promote learning through play. The proposed joint venture between Whole Foods and Sierra Nevada.