Got a tricky question? Receive an answer from students like you! Try us!

international business strategy - Essay Example

Author : camilareichert
Download 1

Summary

International business strategy: The Salim Group BY YOU YOUR COURSE INFO HERE DATE HERE International business strategy: The Salim Group Critical evaluation of success potential The Salim Group is so distinctly diversified in multiple industries, ranging from noodle and food production to chemical and property investments as a transnational company, that maintaining a singular business posture that is streamlined with core values and principles is a feat of extreme difficulty…

Extract of sample
international business strategy

However, Anthony Salim and his executive leadership group believe that being flexible to these unpredictable and changing dynamics of international culture and business competition is the key to success. Bartlett, Ghoshal & Beamish (2008) identify the concept of the coordinated federation, which is essentially a conglomeration of pre-existing core principles that have found business success at the headquartered centre of the company and then distributed equally across international boundaries. The Salim Group takes the advice of Bartlett et al. in not taking this rather unproductive distribution of core principles and then forcing them throughout the transnational environment and the business’ multiple industries. Instead, Salim advises on being adaptable to changing market conditions. This flexibility is a success factor to be more responsive to the external market environment. For example, the Salim Group faced public backlash with perceived corruption from the Indonesian government between the Salim Group about its investment banking practices (Dieleman, 2006) for divesting 107 different assets to the Indonesian government. ...
Download paper

Related Essays

Yamaha Business Strategy Analysis
When looking at the company of Yamaha, it can be seen that there are specific components which drive the business forward as a whole. However, the units of musical instruments and vehicle engines each have specific qualities that provide a different level of growth within the company. This paper will examine these two business units as well as the influences in both the internal and external environment. This examination will help to create a different set of ideologies of how the business should move forward, specifically with these two specialized units. Introduction Growth that is within a…
41 pages (10291 words)
Business Strategy
Earth Plc needs to focus more to the expectations of their most prominent stakeholders and to the processes in which its culture influences the type of strategy it adopts (Abele, 2008). Principal stakeholder analysis Identification of the interests of the different stakeholders Fisk (2008) emphasized there are different stakeholders in Earth Plc. The customers are interested in the financial statements of Earth Plc in order to determine if the company will stay open during the times when the customers will be buying their much-needed mining needs. The employees of Earth Plc are needed the…
6 pages (1506 words)
Business Strategy
The organization we have selected to compare with Kellogg is General Mills, a manufacturer and marketer of branded consumer foods. General Mills’ mission is nourishing lives. General Mills seeks to attain this mission through making lives healthier, easier and richer (General Mills, 2010). The organization makes lives healthier by continuously improving the health profile of its products. It makes lives easier with foods that are simple to prepare and it makes lives richer by making foods for special moments such as birthdays. Goals and objectives help an organization in controlling its…
11 pages (2761 words)
International Business Strategy
In order to understand the basic culture of Salim Group, it is necessary to trace its history. The understating of internal culture of the Group is important for assessing its rapid success in the domestic and international markets. Soedono Salim, the founder of Salim started his own trading company that used to deal in commodities like cloves and coffee with the prevailing leading companies of Indonesia. Besides he also partnered Indonesian army by supplying goods. In this period, he got acquainted with the future President of Indonesia, Suharto who was then an ambry office. The key success…
12 pages (3012 words)
International Business In Focus
With globalization, the business strategy of the executives has widened to cross over geographical boundaries and expand their reach internationally. While international business has opened up many new avenues for the organizations, it also brought several challenges and one of them is the culture. The national culture has shown to have a high impact on major business activities and strategies (Chui et al, 2002). In international business parlance, culture can be defined as a set of values, believes, norms as well as behaviors that is characteristic of a particular geographical location.…
11 pages (2761 words)