Answer the following.

ACTIVITIES / ASSESSMENTS 1. List six reasons why strategic management is more complex in a multinational firm. 2. Based on the points of comparisons discussed in this Lesson compare and contrast business practices and cultures among other Asian countries and Philippines. 3. CASE STUDY: Honda Motor Company Wants to do Business in Vietnam. Help Them. Honda, headquartered in Minato, Tokyo, Japan, is the world's largest manufacturer of motorcycles and of internal combustion engines. It annually produces and sells thousands of scooters, water pumps, lawn and garden equipment tools, tillers, outboard motors, robotics, jet engines, and solar cells. Honda, which has about 180,000 employees, is annually ranked as one of the most respected companies in the world by Fortune. Honda recently invested another $215 million in its Ohio operations, pushing the company's total to $2.7 billion in North American operations in only the past three years. The majority of the money was spent on an expansion of manufacturing capabilities at the company's Anna Engine Plant, Ohio, while the remainder was spent on a new building in Marysville, Ohio. Honda already has the strongest foothold of any Japanese automaker, and produces more cars with U.S.-sourced parts than any automaker other than General Motors. Nine of Honda's 16 mass-market cars are made with over half American made parts, according to the survey-that's more than Ford. Honda recently built a new car factory in Ityrapina, Brazil, which is approximately 120 miles northwest of Sao Paulo, doubling its capacity in that country to 240,000 cars a year. The existing Honda factory in Brazil is in Sumare, a city of around 100,000, located halfway between Ityrapina and Sao Paulo. The cost of the new factory, including the purchase of the 1,433 acres, is about $435 million. The factory employs approximately 2,000 people, and produces the Honda Fit. More and more companies every day decide to begin doing business in Vietnam. Research is necessary to determine the best strategy for being competitive in Vietnam. Review Honda Motor Company's website, as well as the information about Vietnam in the Lesson. Instructions 1. Print a map of Vietnam. 2. Print the demographic data on 10 cities in Vietnam. 3. Gather competitive information regarding the presence of automobile companies doing business in Vietnam. 4. Develop a prioritized list of five cities in which you would recommend Honda build and expand their business operations. RESOURCES David, F. & David, F. (2017). Strategic Management A Competitive Approach, Concepts, and Cases 16th Edition. England, UK: Pearson Educational Limited.LESSON 2 INTERNATIONAL STRATEGIC PLANNING OVERVEW Global considerations impact virtually all strategic decisions. The boundaries of countries no longer can dene the limits of our imaginations. To see and appreciate the world from the perspective of others has become a matter of survival for businesses. The underpinnings of strategic management hinge on managers gaining an understanding of competitors, markets, prices, suppliers, distributors, governments, creditors, shareholders. and customers worldwide. The price and qualityr of a rm's products and services must be competitive on a woridwide basis, not just on a local basis. Shareholders expect substantial revenue growth. so doing business globally is one of the best ways to achieve this end. OBJECTIVES At the end of the course, students should be able to: 1. Discuss the nature of doing business globally, including language and labor union issues. Explain the advantages and disadvantages of doing business globally. Discuss the global challenge facing firms and why this is a strategic issue. Discuss tax rates and tax inversions as strategic issues. Compare and contrast foreign business cultures; explain why this is a strategic issue. Discuss the business culture found in Mexico, Japan, China, and India; expla'n why this is a strategic issue. Discuss the business climate in Africa, China. Indonesia. India. Japan, Mexico, and Vietnam; explain why this is a strategic issue. P'E-\"PP'P 3\" COURSE \"TERM Globalization is a process of doing business wortdwide, so strategic decisions are made based on global profitability of the firm rather than just domestic considerations. A global strategy seeks to meet the needs of customers worldwide, with the highest value at the lowest cost. This may mean locating production in countries with the lowest labor costs or abundant natural resources, locating research and complex engineering centers where skilled scientists and engineers can be found, and locating marketing activities close to the markets to be served. A global strategy includes designing, producing, and marketing products with global needs in mind, instead of considering individual countries alone. A global strategy integrates actions against competitors into a worldwide plan. Today, there are global buyers and sellers and the instant transmission of money and information across continents. (Continued...) Read: Chapter 2 - tth Edition. Strategic Management A Competitive Approach. Concepts, and Cases by Fred R. David and Forest R. David (PDF File - Pages 63 to 91)