Answer:
It is realistic that corporations can serve the bottom of the pyramid through globalization. The more businesses will provide similar products to a country the better will be the pricing, thus driving down costs for lower income families as well as increasing social value.
This will also help companies to achieve more market share in markets that are not saturated. Many emerging markets have low income groups that lack basic necessities. In those markets corporations can help to evolve their products that are focused towards these groups.
Answer:
An expatriate assignment can help the managers to develop their skills and effectiveness by,
• Improving the understanding of challenges in international business. As the managers will face real-time situations; observe the business scenario in a country different from their own; will manage situations totally unknown. This understanding will make the managers more effective in handling matters related to international business.
• The managers will be equipped with skills to manage culturally diverse team.
• The manager will be well aware of the laws and regulations associated with the international business.
• Will get a hands-on experience in tackling the global market conditions and will learn how local cultures affect the progress of a business.
• There will be improvement in communication and negotiation skills of the managers.
Answer:
As a startup company that does not have a lot of time to wait to fund its first drug, it would make sense for the biotech firm to make use of doing the clinical trials in Albania, where the drug is needed and the doctors are willing to quickly participate. It would be important to understand their liability within that governments medical legal systems first however. If there are any issues upon withdrawal, some funding can be setup based off the profits, but also within other organizations that will do international outreach.