Question

discuss a 5 year strategic objective plan expanding in china?

Answer 1

Five years strategic objective plan to expand the business in china would be to include the other local players and work in collaboration so that it enables the organization to deal better with the government and its policies enabling business growth. To take local cultures, diversity, demography in consideration for designing new products and marketing and advertising the product most preferred by the local people. To have more flow of investment in initial two to three years so that the business can be strengthen to deal with any immediate competition and inclusion of more of local employees.

To have focused strategic decisions and inclusion of ideas and opinions from the people and employee to be included in big decisions making of the organization and to be flexible to change existing policy if it affects in negative to the company. Taking customer’s feedback and improving upon local supply chain management are other aspects that shall be taken into considerations.