Assignment : Discussion-Globalization Impact on Strategy Formulation
With globalization, organizations care less about country frontiers in their usual business operations, looking for opportunities across borders to:
• Increase their base of customers,
• Take advantage of cheaper labor to manufacture items, and
• Avoid the increasing competition in their domestic markets.
Companies go international for different reasons. Such a move can be really profitable; however, sometimes challenges can diminish the positive outcomes. Good planning is crucial for a successful and profitable international operation.
Using the University online library resources and the Internet, search recent business news on two companies that expanded their operations abroad.
• Describe the global business environment and discuss the implications globalization may have on strategy formulation.
• Concerning the two companies chosen for this discussion, analyze the reasons that led them to expand their operations internationally, as well as the main advantages and challenges of such a strategic move.
Write your initial response in 300-400 words.APA Style