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Globalising a new enterprice - Essay Example
Pages 4 (1004 words)
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…
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. ...
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