I need this in 3 hours

Write 600–800 words that respond to the following questions with your
thoughts, ideas, and comments. This will be the foundation for future
discussions by your classmates. Be substantive and clear, and use
examples to reinforce your ideas..

As the firm looks for ways to
offset the domestic downturn in sales, Deborah, the CEO of your company,
wants to determine if a global strategy is a good fit for the
organization. She has designated you as the manager for this project.
You will work with your team to develop a global marketing plan for your
organization.

You begin your research in deciding if and what the
global strategy should be. You get your team together and begin to
discuss a plan on how you will research this possibility.

You
start the meeting by saying “Let’s brainstorm and start to get a plan
together for a possible globalization strategy. Tiffany, I’d like you
work with me to begin researching possible locations.”

Tiffany
says, “I think we need to research some locations, but I think there is
more to it than that. There still needs to be a decision on the type of
strategy or approach we are taking. Would we use a multidomestic
approach, a global approach, or a transnational approach? I’m still not
entirely convinced a global strategy is the answer.”

“Great point,
Tiffany. It is obvious to me as well that we need to explore a strategy
that will put us in a better position to handle the economic downturn.
We have to provide the board with the facts. They seem to be leaning in
the direction of a global strategy, but I’m not sure it’s the right move
either. That’s why we need to do research.”

Domestic profit
margins have dropped by 2% this quarter. You wonder how you and your
team can help fix this. Is a global strategy the answer, or should the
company continue to focus on the domestic market?

You call a team meeting to learn about the progress of their research.

Tiffany,
one of your team members, begins the discussion. “I think we need to
look at some of the internal factors,” she says. “We know what our
capabilities are on the domestic front, but what about in the global
market? We have a fairly strong market presence here in higher-end
markets, but how does that translate globally?”

Discuss the following:

• How do you define a global strategy? Compare and contrast global strategy with other international expansion strategies.
• Identify
  a minimum of 3 possible countries for globalization. Research each of
  these locations in the furniture industry, and document both the pros
  and cons of using these in global strategy.
• What country would you choose? What evidence can you provide in support of your choice?
• What evidence might somebody else, who does not agree with you, provide to support an alternative choice?
• Recommend two or three areas to benchmark in preparation for the decision regarding global expansion.