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MASTERPIECE2020

Discussion—Globalization Impact on Strategy Formulation

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 Argosy 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.

Beginning Wednesday, July 1, 2015, post your responses to the appropriateDiscussion Area. Through Sunday, July 5, 2015, comment on at least two of your