Question

Identify key advantages and disadvantages of international strategic plans.

Answer 1

International strategic plan are planning in regards of being more competitive and profitable in global market or making impact in globalised world by seeing international environment .

Advantage: strategic planning make any good or service more fame in all around the world and thus it is good for economy as well as for cultural, social values or tradition being spread all around the world which directly or indirectly beneficial for economy again as it help to attract foreign tourist towards any countries diversified culture. We also able to know about different environment of countries and thus try to know about culture, tradition etc of countries and thus helpful in finding new market or design our products according to other countries special cultural demand or cosmopolitan culturr demand.

Disadvantage: changes in business environment and culture make difficult to design products according to different needs or culture which may incre cost of products and this also make sure that your products must be such unique that it will fit for maximum culture and thus it's difficult.strong competition and innovate technology based products may make our planning failure as well. Sentiment of diversified community also beingin consideration as some time tradebke good are not according to their cultural religious value etc.