Question

Anything about Management Strategies for the global business environment.

Answer 1

Answer:

Management strategy for Global Strategy covers global, multinational and international strategies. The areas refer to those strategies designed to enable an organisation to achieve its objective of international expansion. International expansion provides the opportunity for new sales and profits oppoertunities.

Strategy development itself generally takes places in two stages that is strategy formulation and strategy implementation. When planning a strategy, companies identify their international objectives and develop strategy that will enable them to realize their objective & international goals.

It is analysis of the company and its environment, establishing strategic goals, and developing plans to achieve goals. This will determines what markets, products, services, opportunities for growth.

The data required is collected. the collection of data will help managers with economic, financial, political, legal, and social information on various countries and their markets oppotunities. Managers can determine what markets and products offer economically feasible opportunities in the selected market or geographical area.

After the strategic goals have been established, companies should develop plans that allow them to accomplish their goals, and these plans should be focus on executing strategic plans. Implementation stage involves determining actually starting operations and putting the resources required to achieve the objectives & goal of the organisation.