Companies compete globally through various strategies, including:
Cost Leadership: Offering products or services at a lower price by achieving economies of scale or utilizing cheaper resources. Differentiation: Creating unique products or services that stand out from competitors, often through superior quality or innovative features. Market Adaptation: Customizing products or services to meet the specific needs and preferences of different local markets. Strategic Alliances: Forming partnerships or joint ventures with local companies to leverage their market knowledge and distribution networks.