International Strategy
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1. How are the risks in implementing a global strategy greater than those in implementing a domestic strategy? Which risks are the greatest? Explain your answer.
2. Identify three different, measurable metrics for tracking implementation of a global strategy. Why are these metrics important to monitor?
3. We are on the subject of organizational change and typically organization change can occurs either top-down or bottom-up. Bottom-up is usually more successful than top-down, because from the bottom-up the resistance of management and frontline workers is less as you have the greater number of workers behind it, but why else is it more successful with management than top-down?
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This solution discussed the risks of implementing a global strategy versus a domestic strategy, measurable metrics and organizational change.
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1. How are the risks in implementing a global strategy greater than those in implementing a domestic strategy? Which risks are the greatest? Explain your answer.
The risks in implementing a global strategy is far greater than that of a domestic strategy for a number of reasons. First of all, people have to overcome cultural barriers. This deals with language, religion, and so forth. These are areas that could cuase individuals to get upset easily because of how diverse the population is, and how how strong one is in their ideology. Another one worth considering is that of the target market. Management would need to ask themselves questions about whether or not they are interested in the endeavor or to look elsewhere because of a lack of interest. The last and most crucial is that of international laws and those within the country in which the business wants to grow globally. These can help or hurt a company financially, and an executive should not minimize any aspect of it.
From what I can gather, the risks that I would say that are the greatest is important. These are with the laws because one neations eithcs may not appear similar to that of those who are in management from another country; therefore, if they want to do business in one location, then they may have to consider if it worthwhile or not. The other risk that I believe that can become of high priority is that of culture because people can easily become offended if someone is not sensitive to their ...
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