In: Operations Management
Research current strategies for emerging markets on a global level.
Discuss skill base, technology, and low-cost workforce to capitalize on global emerging markets.
Find a company that utilizes various strategies for global markets. For example, how does Volvo Trucks expand into India?
answer-
current strategies for emerging markets on a global level-
lets take the example of AMAZON inc. which utilizes various strategies for global market.
as we all know about the AMZON is one of the top online company which is founded by the Jeff Bezoz who is the top 1 richest man of the world because he took his company from ground to sky. this happened because he adpoted various strategies to make that happened.
strategy to use the potential of technology-
when he worked in many big companies after graduation then he tried to open his own venture. he saw the petential of internet which is technology breakthrough in history. jeff created a website & started to sell books & CD/DVDs online.
strategy to expand its business-
now after the success of the above venture. he make the strategy to axpand its services by selling other consumer products of different brands on the website which makes him one of the best online shopping company in the world.
strategy to hire employee with skill base-
the Jeff bezoz is the very innovative & transformational leader who believes in hiring peole with skills of creating thier own new ideas which can make amazon a top comapany at global level.
amazon growth strategy-
amazon has not only increase its product line but also aquire other business like grocery & food company, web cloud computing business etc which has led amazon to hire cost effective workforce & emerges as business leader globally.
above or many more strategies are adopted by the amzaon which has led him to become theonline leader for global market.
* above answer is written in my own words.hope this answer would help you. good luck.