Strategic management1. What most distinguishes the national market from the global market? And why? The internal market: The internal market is the financial market which aims for a single market. This type of market addresses only one set of competitive, economic, and business issues. Likewise, it faces only one set of customers, even if a company has different segments in the market. The internal market is also known as the internal market and internal trade. This market has a very limited scope as it is located within the borders of the country. Global Market: The global market is the financial market that targets globally. This represents the buying and selling of goods all over the world. It faces different sets of competition, economic and market issues. This type of market implements several different marketing strategies based on the region the company markets to attract the customer's attention. It has a very broad scope since the market is global. The main differences between domestic and global markets with the explanation are shown in the following table: Domestic market Global market Stable: because it targets the single market Unstable: because it targets multiple markets Predictable: Because it has only one set of customers Unpredictable: Because it has multiple sets of customers Less complex: Because it has limited scope Complex and Risky: Because it has unlimited scope2. What roles do ethics play in international strategy, both at the corporate and corporate level? International strategy is the strategy by which the company sells its goods or services outside its domestic market. corp...... middle of paper ......s. The relationship with the partner is formalized by contracts and formalities tend to stifle the partner's efforts to extract maximum value from its participation. Opportunity Maximization: It focuses on maximizing the value creation opportunities of the partnership. There is an informal relationship and fewer constraints that allow partners to take advantage of unexpected opportunities, learn from each other and explore additional possibilities in the market. References: Ireland, H. (2013). Strategic management: Competitiveness and globalization. (10th ed.). Cengage. Schultz, J. (April 9, 2014). Management 6203 course 2. Retrieved from http://www.youtube.com/watch?v=VoRj7G2yHgI&feature=youtu.beHow companies in emerging markets stand out. (June 9, 2010). Retrieved from https://www.youtube.com/watch?v=9REV9mIL7E8Schultz, J. Power-point slide (Chapter 9)