Question

what would motivate company to pursue a global strategy and what is necessary to achieve a successful program? 500 words

Answer 1

Global Strategy:- As the word states, any strategical step taken for improvement in all sectors of an organization by making all the main functions lead by global office. This word focuses on globalization of all the tasks/activities which were earlier held locally by different office in different regions. Global Strategy helps an organization to expand internationally by operating just from one single office, whereas having small local offices. This strategy is dependent on various factors such as, type of market, the nature of industry, goods, final mission & vision of organization etc. The basics here is, setting up a one global office which sees worlds as one market & one origin of supplies.

There are several advantages to pursue a global strategy:-

1. One common platform :- By using global strategies, organizations have one common platform for all the tasks/operations to be performed. It is easier to evaluate the performance & analyze the milestones if they are in one place rather than distributed in different regions of the world. Common platform helps in quicker solutions to the problems, a general & global set of rules to be followed, aligned process & agendas etc.
2. Customer Satisfaction:- Same level of services & products are rotated & used by different customer across the world no matter what the location is. Same services are offered in all the offices.
3. Increase in sale revenue:- The savings in cost is generated if a global office is organized wherein sharing of resources, knowledge are done so that better & competent services/products can be offered & hence increase the sales around the globe.
4. Focuses on improvement:- The regional offices primarily works on the sales & is not very keen on the operational activities. By having a global office, resources can work towards improving the processes & activities whereas regional offices can focus on the sales. Improvements which would affect the turnaround time to customers with better solutions. Loop holes in the system can be analyzed & can we worked upon so that business service can be improved.
5. Cost savings:- Global offices strategically are created in the areas where resources are cheaper with better knowledge & results. These offices are set up in a manner so that services & resources can be shared with common set of knowledge so that best of the offerings can be made.

In order to achieve a successful plan following are necessary actions:-

1. Proper Communication with local offices
2. Strategic decisions which focuses on cost savings & increase in sales revenues.
3. Language & cultural Barrier.
4. Taxation & other legalities to keep in mind while making any transaction.
5. Good & effective management & leaders so that project can lead in positive direction.