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Globalization has created an intensively competitive marketplace. Companies that used to compete only with domestic organizations now find themselves competing for market share against firms located around the world. Each company is constantly attempting to identify and maintain a unique competitive advantage that distinguishes it from competing firms to increase profitability in its given industry. The laws pertaining to employee health and safety vary from country to country. As a result, a lack of regulation pertaining to employee health and safety resulting in lower labor costs may provide some international firms with a competitive advantage over others that operate in the same global industry. Imagine that you owned a U.S. based firm that operates under these conditions. What steps might you take to overcome the non-uniformity of international legal requirements and achieve a competitive advantage in the global economy? Please discuss.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92489541

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