Reference no: EM133782275

Question

As the CEO of Ford with factories in Mexico and Canada, managing risks is crucial. I would set up systems to keep an eye on and respond to changes in politics and the economy. It's also important to diversify the supply chain to protect against disruptions and work closely with local governments to follow rules and push for supportive policies (Hitt, 2016). These steps help Ford handle international challenges and stay competitive. For LEGO, I recommend focusing on expanding into emerging markets and developing products tailored to local preferences. This strategy can help LEGO tap into new customer bases and stabilize its business against market fluctuations by spreading its presence across various regions. By adapting to different cultural tastes and leveraging local market advantages, LEGO could see improved returns on investments and reduced overall risks, which are key benefits of international diversification (Hitt, 2016). This approach not only broadens LEGO's global footprint but also drives sustainable growth. Having a beer pub with the Whole Foods' health-focused image may pose a challenge. it would be wise to focus on promoting Sierra Nevada's organic and low-calorie beer options within the pub if this were to happen. Adding to the pub idea.