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Your team attends a trade conference on the subject of globalization. They have attended several seminars that are both advocating and dismissing implementing a global strategy. You return to the office and share some of what you have learned with the team.

“Globalization is a very interesting topic and can get very heated,” you explain. “There are some countries and companies who are fiercely loyal to their homes and would not consider going global. Others see it as a benefit to the company and their customers. Some people here in the states believe that American-made is best because we are contributing to our home country. But, is it? Is it always best to stay domestic? How does this impact pricing? Are you truly helping?”

As your team ponders these questions, you start to think about your position on the topic. Address the following:

• Should your company go global? Why or why not?
• How does globalization impact the marketplace as a whole?
• Has your opinion changed from the beginning of the course to now?

In this world, global culture plays a crucial role in shaping societies. The international spread of businesses reflect the effect of globalization on local culture, offering insights into competitive advantages. Understanding culture is essential for navigating this diverse world where traditions and values shape people’s collective experience.

Discuss the following with your fellow classmates:

• In your view, how can an international business learn about a local culture?
• Should an international business localize their products for different countries? Why or why not?
• In your view, why is it important for international businesses to treat their foreign employees in an ethical manner?

In today’s ever-changing business landscape, carrying out comprehensive environmental and industry analyses is essential for achieving success. For instance, Tesla carefully evaluates market trends and competitor strategies to stay ahead. Competitive analysis includes approaches such as tapping into new markets and taking advantage of negotiation tactics. They also need to prioritize innovation to establish a unique presence in the market. Organizations must adapt to consider both global and national competitive advantages. They should also integrate various factors into their planning. This includes a strategy, an industry structure, and governmental policies.
 

 answer the following questions:

• Why might an organization need to change its strategy?
• How does a dynamic approach, such as entering a new market, help an organization stand out from its competitors?
• What are some factors to consider when using a strategy of innovation?
• Why might a merger or acquisition be part of an organization’s strategic plan?

Include a minimum of 3 references and corresponding citations in your Individual Project each week.

In today’s fiercely competitive landscape in business, organizations need to secure a competitive advantage to thrive. This advantage sums up the unique strengths and capabilities that sets apart a business. It drives the success of a business in the marketplace. Take industry giants like Nike and IKEA, for example. They not only keep customers, but they also grow their market share. They boost profitability by leveraging their competitive edge.

Watch the following video on competitive advantage and business strategy to explore how it addresses the questions below:

Competitive Advantage and Business Strategy

Discuss the following

• How do companies like Nike and IKEA leverage their unique strengths and abilities to keep a competitive edge?
• How does innovation help businesses to remain competitive?
• What strategies would you recommend to help an organization build a competitive market profile?

 Conduct a Scholarly assignment on the use of the theory of pain in clinical practice or research studies.  Use a minimum of six articles 

 Discuss the historical background of theories of pain mechanism 

 Discuss the analysis of the underpinning for the theory of  pain. Theoretical or background work that has been done in  the field that will support formation /creation of theory 

 Explain how the theory is used in practice 

 Discuss the need for additional research  

 All resources correctly referenced 

 APA format corrects with no more than 1-2 minor errors: Use of  a minimum of six current scholarly references.  

Needs references. Can send textbook pages if needed!