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Nick owns FreeLife, a company that imports automated external defibrillators ( AEDs ) from Ireland to the United States. FreeLife is organization because its managers
Nick owns FreeLife, a company that imports automated external defibrillators AEDs from Ireland to the United States. FreeLife is organization because its managers take a US perspective in running the company. They do not make decisions based on a global approach to their business.
In order to compete in a global economy, companies have to handle social changes, political changes, and cultural differences. Suppose that you want to open a new franchise in Russia. Which of the following actions would be most beneficial to you when handling Russias political system that is similar to guanxi? Check all that apply.
Open multiple franchises at once.
Negotiate slow, general agreements.
Establish a joint venture with the Russian government.
Demand that the franchise be operated according to US standards.
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