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Identify the key strategic issues that the company is facing - Coursework Example

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Identify the key strategic issues that the company is facing

Identify the key strategic issues that the company is facing In today’s world, global organizations and companies are changing day after day due to the ever increasing world changes across all sectors. This has led to the emergence of different strategies of doing business by different companies (Haberberg and Rieple 2008). Based on researches carried out on various case studies including ABB, key strategic issues ought to be addressed in order for companies to overcome the difficulties and problems they face. According to De Wit and Meyer (2010), the concept of mergers and acquisitions (M& A’s) has been seen as the way out to globalization of economies. Globalization of economies is identified as a key strategic issue faced by ABB given that Companies are competing more and more in relation to costs of raw materials, operational costs, cost of labor and technological advancements. Concern on competitive advantage by ABB like other companies is used for testing better and effective strategies to counter increased competition in the market. Although it has led to improved and better performance in ABB, other companies have been faced by difficulties resulting to financial crisis hence closures. High rates of competition have presented companies to external as well as internal economic forces. Moreover, clients have experienced low quality service and product delivery due to the use of poor management strategies. Financial crisis resulting from competitive advantage on other hand has catapulted competition forces between market segments. All together management strategies and associates impacts general economic growth and development to national economies (Haberberg and Rieple 2008). The aspect of inside out strategy has enables companies like ABB to create the organizations newly through mergers or acquisitions. Also, capability building through strategic managements provides appropriate market opportunities to companies. Therefore, economic sustainable growth and development becomes an issue in relation to management strategies. Using the briefings that you have prepared for the tutorials apply the key points from your briefings to the case study ABB case study presents globalization as argued by Haberberg and Rieple (2008), referring it as whereby global economies, societies and cultures practice economic integration id different perspectives. Companies have embarked on forming global networks in the name of attaining development goals in major sectors of transport, trade and communications. Based on the ABB case, internationalization is identified as a significant factor in the development, management and growth of business (De Wit and Meyer 2010). Globalization faces criticisms from the negative perspective of its resultant activities. it is argued that the concept has led to increased disparity between the rich economies and the developing poor nations. According to the researches carried out, this has contributed to increased global competition between companies. The field of electrical and management within relevant organizations such as ABB are not left out in the consideration of planning strategy towards standardization. Thus, poor and developing economies continue to experience difficulties in the expense of the developed ones in the name of globalization. Economic disparities, financial crisis, conflicts, and pressures and forces on boundary ...Show more

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Word count: (1,064) ABB Case Study Name: Institution: Course: Tutor: Date: Introduction Many companies have been coming up while others are closing down or being declared bankrupt across the globe. The successes and downfalls are attributed to the different managing strategies that global organizations have adapted into…
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