Global Business Strategy Assignment Help
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Running a global business is a daunting task without the right strategies in place.
Businesses use four common strategies such as international strategy, multi-domestic strategy, global strategy and transnational strategy to expand their business internationally.
Each of these strategies takes into account local responsiveness and global integration. Businesses have to strike a balance between these two pivotal elements to emerge as a successful enterprise.
The key factors for a successful global business strategy
A successful global business strategy relies on three crucial factors, according to Professor Tomas Hult at Michigan State University.
- The first and the foremost factor is to state in detail the core business strategy.
- The second factor is to adapt this strategy to different national markets and in the process internationalize the core strategy.
- The third factor is to check and balance the shortcomings brought about due to the internationalization of the core strategy.
Advantages of an efficient global business strategy
It takes a lot of effort to arrive at a winning global business strategy. However, the benefits of implementing it far outweigh the challenges faced and the time spent in arriving at a successful strategy.
Reduction of cost and product development time and creation of a global product that satisfies customer expectations by incorporating creative inputs from various international teams are some of the benefits of an efficient business strategy.
Students pursuing international business degree have a plethora of career opportunities such as business adviser, management consultant, marketing executive, business analyst, product manager, corporate investment banker to name a few.
They get to work in various locations across the globe such as France, USA, China, Singapore and many more.
Structure of an assignment on Global Business Strategy
Introduction: You start with a brief executive summary of the problem and a non-detailed version of the proposed solution.
Problem statement: Provide more details into the problem including information on the Organization, a brief history of the organization and the conditions that led to the current situation that the organization is facing.
Proposed solution: Provide the details of the proposed solution. Also throw light on the problem solving approach taken and the rationale for choosing the approach.
Expected benefits: Mention what are the expected benefits & advantages from choosing this solution. Close out with the appendices & references section which will give the reader an idea of the literature & academic research underpinning your assignment
Ensure that all the above sections are split into well-crafted paragraphs with appropriate headings which will help in the audience (who will mostly be top Business executives with limited time) in grasping the information quickly and with ease.
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These are some of the globally accepted standards used for the evaluation of skills and knowledge of students.
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What do YOU get out of this?
The state of global business is very complex and there is a great demand for talent who not only has a mastery over the understanding of International Business strategy, but also can prove their credentials in this field.
One of the strongest credentials that a potential job-seeker in this field can show is a certificate of distinction from a strong course on International Business Strategy.
Students who pass out of strong International Business Strategy courses are in high demand.
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