What was one of the most important insights you learned about global strategy in International Business?...

What was one of the most important insights you learned about global strategy in International Business? How do you see applying one or more lessons you learned to make you a better manager and enhance your professional career?

Expert Solution

One of the most important insights from the global strategy of intetbay Business are one size doesn't fit all. This means a single strategy won't be applicable for all business sector and it can related to the linites business sectors. In the globalization era it's important to analyse whic business model to be adopted inroder to expand the presence not globalisation sector like franchising, mergers and acquisitions, joint venture etc. The globqk strategy need

Better understanding of domestic customer needs
Operations feasibility
Total landed cost
Customer demand and requirements
Politics and economics needs

As a manager it's better to understand the various dynamics of globalization and its various implications. This helps in building strategies, planning, controlling and monitoring various activities etc.. Globalization need mor generalistics apprach than focussed approach which helps in deriving various requirements from mutiple stakeholders and establish a proept communication channels

keosha answered 1 year ago

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What was one of the most important insights you learned about global strategy in International Business?...

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