Local vs. Global Businesses (Essay Sample)

1- Discussion
Q1
Yes, I would like to work for a foreign-owned firm, as they provide a better working environment and especially international trade exposure as compared to local firms. They also have superior employee benefits and a higher growth prospects as compared to local firms. Their operation models are standardized and aligned to global standards. Most of them provide alternative solutions to local markets especially when they are from a more developed economy. The increase in the number of foreign-owned firms operating in the local markets also gives the much needed experience and exposure to international trade. In light of this, I believe that foreign firms provide a better opportunity to learn especially on the international business and provide a better opportunity of career growth as compared to local firms.
Q2
Organizations with innovative business models find it easier to operate in the international market. An organization’s ability to generate value and capture some of the value as profits greatly influences their expansion strategy. There has been an increase in the number of foreign owned firms in the recent past. This is mainly because of looking for new market, increased competition, technology change, resource acquisitions, and social change. Companies with an innovative business model will formulate strategies for growth among them venturing into foreign markets.2-Discussion
Q3
Greece could use the following ways to attract more foreign investments. Firstly, they could adoption a more favorable working environment for ...