What are your companys takes on adaptation

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Reference no: EM133283606

Case: You are one of the founders of ABC, an upcoming virtual reality (VR) headset manufacturing company located in Miami. You have been given $50,000,000 by a venture capital firm, this will allow you to start the operations, and build a factory for your company in Japan.

- In Japan, you have access to high-quality parts, but they are pricy making it difficult to compete based on price alone.
- The quality of the manufacturing processes is the highest, but labor is 5x more expensive than in Mexico.

(a) Being a small business, with great connections what would your advantages be? how could the company benefit from being new and well-funded? (Small Business and International Entrepreneurship)

(b) What are your company's takes on adaptation vs standardization, adapting or not adapting your product, name, or brand to local preferences?

(d) What type of strategy will you use? International, Multi domestic, Global, Transnational?

(e) Global Integration vs Local Responsiveness, Integration-Responsiveness Grid. (The Strategy of IB)

Reference no: EM133283606

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