(Student’s Full Name)
Conclusion
In conclusion, there are several points that should be considered in order to deal with the competitive strategies and government policies as well as the current conditions which global and multinational corporations operate in. Firstly, mergers, such as horizontal and vertical mergers, will help companies to compete effectively in the industry to ensure that a company maintain a competitive advantage in the industry. When considering the case of the technology industry, a horizontal merger with facilitates different companies, which each produce a few specialized products. Secondly, multinational companies are required to implement strategies related to new product innovation so that they can keep their competitive advantage in the industry. This is important because new product innovation will ensure that a company is able to tailor a product to particular region, market, or demographic. Thirdly, global corporations find it necessary to practice selective outsourcing so as to deal with the problem of high production and supply costs. Finally, selective outsourcing permits multinational corporations to compete within their industry and keep their employees. In addition, the outsourcing of customer service is another competitive strategy that is being used by multinational corporations to lower costs and maintain relationships with numerous parts of the world. In the age of globalization, it is important for a multinational corporation to leverage government policies within their favor so as to maintain a competitive edge. Furthermore, it is crucial that these companies utilize competitive strategies not only compete with other companies within their various sectors, but reduce costs while doing so.
