International Affairs Assignment | Get Paper Help

1.Discuss how four conditions within Porter’s diamond framework can play a significant role in building a national level competitive advantage of the biomedical industry in a Greater Boston region. (20 points) 2.3M Singapore has been improving lives in Singapore for more than 50 years. Since its founding in 1966, 3M Singapore has grown from its humble beginnings with only 8 employees to a company with more than 1,600 employees and established local capabilities to serve the needs of local, regional, and global customers. Besides expanding its footprint in Singapore, 3M has been an active and valuable member of the business community in Singapore (source: 3M Singapore Factsheet, 2020). Assume that you’re a managing director of 3M Singapore (Wholly-owned subsidiary of 3M). During the coronavirus pandemic, what strategic actions would you suggest to the CEO of 3M?(30 points) -Trump administration invoked the defense production act, demanding the U.S. private manufacturers give priority to assist with the demands of a national emergency. -The U.S. defense production act will not apply to foreign operations. However, overseas subsidiaries must adhere to local laws and regulations. It means there are possibilities that host country governments also could ban exports of masks, ventilator, and other medical gear (e.g., China, France, Czech Republic banned exports of masks during the Coronavirus Pandemic) -3M Singapore should export all the masks to the U.S.? If so, how could you persuade Singapore employees that none of the masks they made will be sold in Singapore? How can 3M Singapore manage the tensions between the host country government and the U.S government? -Significant portions of the wood pulps (a major component of 3M Mask) are imported from Canada. How 3M respond to the threat of suppliers and retaliation from the Canadian Government? -How could 3M keep pursuing its corporate social responsibility and sustainability goals across the world?