Global business strategy
How is a global business strategy compiled? Include an examination of the importance of mission, vision, objectives, and values statements. From there, discuss a minimum of three tools used to develop an effective global business strategy. Within this discussion, include insights on the role of leadership in this planning process.
Question 2: Minimum 300 words
Define competitive advantage and discuss the concept from the perspective of global business. Often, businesses use benchmarking to track their performance to assist improvement efforts. What are key performance indicators (KPIs), and how do KPIs apply in a benchmarking exercise?
Question 3: Minimum 300 words
Innovation has been called the holy grail of management. What does this phrase mean in the context of global business? How does
a business build internal corporate entrepreneurship? How can a leader build a culture of innovation in a firm?
Sample Solution
nd laparoscopically, the overall healing time has increased significantly in both traditional and ERAS surgical procedures.6
Other components of traditional surgery are to increase urine output, therefore, intravenous fluids are administered liberally to output fifty milliliters an hour or more.7 Additional methods of output measures are the utilization of catheters, drainage of the surgical site, and a nasogastric tube to drain any bowel contents. The change in surgical methods from traditional to ERAS methods, like the removal of catheters and decreased medication administration, have been beneficial for those utilizing 80% of ERAS practices or more. However, there is still lots of resistance to change traditional practices because of the relative unknown potential effects of ERAS in surgical subsets that have not had ERAS preformed before.6