Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Taiyun is a Chinese restaurant chain. With their successful expansion worldwide, they are aiming to further expand their business with the goal to eliminate cost

Taiyun is a Chinese restaurant chain. With their successful expansion worldwide, they are aiming to further expand their business with the goal to eliminate cost from their supply chain. They are aiming to achieve this in a short period of time. Which corporate strategy should they use and why? Internal Development, because starting a farm to supply all of their food resources and maintaining a fleet of vehicles will be easy to start off Joint Venture, as it will be easier to start a company with a third party with experience in farming and transportation Merger and acquisition, as it will be easier for the company to find an already developed and fairly successful business to acquire, which will save time in return for higher cost Strategic alliance, as the company should not risk eliminating its current structure, but strike a better deal for lower cost in return of company shares None of above. The company should not risk expanding into different business solely to eliminate the cost of having a middle-man

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Engineering Risk Management

Authors: Genserik Meyer, Thierry, Reniers

3rd Edition

311066531X, 978-3110665314

More Books

Students also viewed these General Management questions

Question

What pH range does noncorrosive waste display?

Answered: 1 week ago

Question

What committees does the person serve on?

Answered: 1 week ago

Question

Should civil service employees be allowed to unionize? Why?

Answered: 1 week ago