Formulating Strategy for a Domestic Firm
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Identify the factors that must be considered when formulating strategy for a domestic firm. What additional considerations would be important when developing strategy for a global firm? How would you integrate these different perspectives in a comprehensive strategy?
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The solution identifies factors that must be considered when formulating strategy for a domestic firm.
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Factors to be considered for a domestic firm are number of competitors in the market or industry (level of market saturation), legal industry regulations(if applicable), consumer demand in various regions of the country, pricing point, marketing strategy (which avenues of marketing), suppliers and ability to establish supply chains, costs of production, ...
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- MEd, Jones International University
- BSc, DeVry University
- MPH, Walden University
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