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  • Essay / Differences between international strategy and global strategy...

    1.0 INTRODUCTION1.1 INTERNATIONAL STRATEGY AND GLOBAL STRATEGY – WHAT IS THE DIFFERENCE? An international strategy means that internationally dispersed subsidiaries act independently and operate as if they were local businesses, with minimal coordination from the parent company. The global strategy leads to a wide variety of business strategies and a high level of adaptation to the local business environment. The challenge here is to develop a single strategy that can be applied worldwide while maintaining the flexibility to adapt that strategy to the local business environment when necessary (Yip G. 2002). A global strategy involves a carefully crafted single strategy for the entire network of subsidiaries and partners, encompassing many countries simultaneously and leveraging synergies in many countries. What are the differences between global strategy and international strategy? There are three key differences. The first concerns the degree of involvement and coordination of the center. Coordination of strategic activities is the extent to which a company's strategic activities in different countries are planned and executed interdependently on a global scale to exploit the synergies that exist in different countries. An international strategy does not require strong coordination from the center. A global strategy, on the other hand, requires significant coordination between the activities of the center and those of the subsidiaries.INTRODUCTIONThe word "outsourcing" was introduced in the mid-1980s. However, the idea of ​​hiring someone else to performing specific tasks or dividing work has been around for hundreds of years. In this business era, outsourcing can be found everywhere or...... middle of paper ......the threads can be as follows, which are to reduce cost and delivery time, to improve quality and reliability, and to increase exposure to materials available only overseas, and establish a presence in the foreign market, and also to maintain sufficient flexibility to respond to market conditions, to reduce the quantity comprehensive specialist skills and knowledge required, make the capital funds available for a more profitable operation, and finally to combat the introduction of competition into the national supply. Furthermore, global outsourcing is the best way to expand the global market. By using global outsourcing, businesses can have a multilingual workforce, and potential 24/7 global benefits, faster time to market, and lower customs and discounted rates are the other benefits provided by global outsourcing, to help businesses expand the market..