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Strategies companies can adapt in non-market areas

Strategies companies can adapt in non-market areas

What are the strategies that companies can adopt in non-market areas? Please discuss in the context of the Chinese market for an MNC with 200 words

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select important developments in business world, analyze the critical issues, their implications, future likely actions and your own opinion where you feel strongly about these aspects. Critical analysis is the objective and there is no upper limit on word count.

a minimum of 350 words and at least 3 references are required in your submission.

 

 

 

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Strategies companies can adapt in non-market areas

            For a business to sustain competitive advantage in the current global economy, it must be in  a position to tackle political, environmental and social issues in an effective and efficient manner. Dealing with these issues should act as a general corporate strategy rather than simply focusing on business as usual. One of the ways of competing in non-market is through Social Corporate Responsibility. Today, many firms have come up with numerous ways of improving the welfare of the society through social corporate responsibility (Kusnic et al, 1984). Major………….

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