International Business - Coursework Example

Commodization turns product markets from monopolistic markets to perfect completive markets (Peng, 2013). For instance, Aqua-fresh is very distinct from Colgate. Regardless, the market treats both brands as the same product and solely compare their prices before making a purchasing idea. c. VRIO is a frame used in evaluating the strategic choices made by a firm in its quest to grow. Arguably, VRIO framework is comprised of a series of questions that make up the main argument for the evaluation of the competitive position of a given firm or organization.

These components are Value, Rarity, Imitability and Organization. The question for value evaluates a firm’s ability to exploit an opportunity and neutralize threats. The question for rarity assesses the ease of obtaining resources in the industry for instance raw material. How rare are the resources and capabilities and are they controlled by a few players. The question for Imitability evaluates the ability of a firm’s products or resources to be imitated by other players in the industry.

Finally, the question for Organization, evaluates the organization of power and command lines, resources and capabilities within a firm in order to capture value. This entails the culture as well as other features as well. d. One of the key arguments for off-shoring is the fact that it creates just as many jobs as it destroys. Arguably, off-shoring increases efficiency within an organization, increases productivity and reduces organizational costs allowing organizations to expand and create jobs that are more domestic as well (Peng, 2013).

Another main argument for off-shoring is the fact that the off-shoring in the manufacturing industry has led to an increase in the wages of the employees who are opting to venture into more productive professions, and those employed domestically can also increase their incomes as well from reduced costs. However, off-shoring has led to the increase in the unemployment rates in the