This paper would therefore address the issue from a heterogeneous point of intervention. This means that not only would the strategies needed for making the company go global be looked at but then interventions and models for rescuing the company from further decline in profit will also be reviewed. Of course when the company gains a good capital resource stand, employee retention would no longer become a problem for it. Global Business Expansion Procedure For the global business expansion to take place, there are a number of procedures to follow. First of these is what the International Expansion Organization (2010) describe as development strategy. As much as authors begin their publications with manuscripts and constructors complete their facilities with architectural plans, it is important that any company seeking to go global have well researched and expert driven strategies in place. Specifically, the International Expansion Organization admonishes businesses “to identify international expansion as a business development strategy to be based on sound business research.” This means that preparation of strategic plan to lead the company into the start of its global venture should be based on detailed research. Through this research, which is referred to in some quarters as feasibility studies, the company should be in a position to decide on a number of issues including the following: 1. Project Scope: the scope should define the areas of the company that will be affected by the expansion project and should include participants as well as end users who will be affected by the global expansion. 2. Current Analysis: This analysis should explain the current mode of expansion implementation. That is, there should be a roadmap on the implementation process. 3. Requirements: The feasibility study must state all resources that will be required to undertake the expansion. These requirements should include both financial and non-financial resources. 4. Approach: The approach for takeoff and implementation should be clearly stated in the plan. Without such an approach, the project will be haphazard. 5. Evaluation: It should be stated clearly, how the company is going to evaluate its progress performance. The evaluation should not only be internalized but should employ the services of external peer reviewers. After all these processes are followed in the strategic plan, the company will be ready to make other moves. The second stage of the global expansion plan should be correction of internal management loopholes. This is to say that there should be management strategies that ensure that the basic crises of the company such as employee turnover and profit retardation are corrected. This stage is very much needed to make the image of the company lucrative to the international market when it finally moves. As ways of maximizing local profits, the following are suggested: 1. Internal Cost Reduction Strategy: Management should be bold on taking decisions that will help in cutting down on internal cost spending in the company. For example in the allocation of funds in the company’s budget, sacrifices should be made to ensure that much capital is directed to profit generation sectors rather than human resource wellbeing programs. The challenge with this strategy will be that committed workers would not want to stay but there will be an eventual
Globalizing a New Enterprise Overview There is no denying the fact that Elecdyne is faced with compounded corporate management problems. The problems at Elecdyne are described as compounded because it is not just one problem or a problem coming from one source…
The NDA involves submission of data collected from animal experiment studies and human clinical trials for the Investigational New Drug (IND) by the sponsors who wish to be licensed for manufacturing and marketing the new drug proposed. The FDA examines the NDA from the data submitted by the applicant company whether the drug proposed is safe and effective in curing the ailments as claimed besides ensuring that the benefits accruing from the drug outweigh the risks involved for the patients consuming the drug.
People hold various opinions about the benefits of computers along with the harmful effects that come with it. Research has shown that the use of computers in the twenty-first century has had a great impact on socio-economic development; therefore, many people have this device in their offices, homes and schools.
The client-server model is used both in local area networks and on the internet. Some of the main examples of the client-server model include FTP servers and clients, Web servers and Web browsers, and the DNS (Mitchell n.d.). Modern companies make use of LANS, as well as internet for carrying out their business processes.
This prompts many people to buy in the quest for more information. This again may make the vendors to run out of newspapers. However, compared to television, there is ease of accessibility because any person can watch news at the comfort of his/her home without having to hustle for space.
Living in a new city one finds himself amongst unknown faces and unknown situations. The life that he was accustomed to suddenly changes and becomes surreal. The feeling that one is thousands of miles away from home itself is quite frightening. However, one needs to adapt to whatever thing one faces and one very good and effective way of doing that is looking on the bright side i.e.
Such a database allows the organization to change seamlessly from a product focus to a marketing focus - and finally, to the true customer focus that builds customer satisfaction and loyalty.
In the campaign designed for the
Since the mast decade, the role of an entrepreneur in the economic development has been emphasized upon a lot. A vast majority of the economists, theorists, and experts are of the view that entrepreneurship is a crucial element of prosperity and
New Orleans literature is absolutely peculiar and does not resemble any other literary school of the US. Of course, one can wonder why literary New Orleans happened to be so unique. The answer is most likely to lie in the city’s geographic
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