Approach to a Global Strategy

Global Strategy

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An Approach to Global Strategy Jet Shelton Implementing Business Strategy Internationally STR/GM581 February 20, 2012 Instructor Kevin Rafferty

Global Strategy

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An Approach to Global Strategy As organizations decide to go global there are many steps in the process that must be address before entering the market. Considering that Riordan Manufacturing is a global leader in the plastic injection molding which generate a substance amount of revenue exceeding one billion dollars. There are many barriers that must be address before pursuing the international market to gain a competitive advantage. However, some industries benefit more from globalization than others and some nations have a comparative advantage over other nations in certain industries. To create a successful global strategy, managers first must understand the nature of global industries and the dynamics of global competition. The purpose of the paper is to help Riordan Manufacturing identify the phases of the strategic management process, highlight the comparison between domestic and international approaches, including the role of ethics and social responsibility affecting each stage in the process. In addition, summarize the roles of the entire strategic management process in global strategy to develop an effective plan for Riordan Manufacturing to expand production in Germany. Strategic Management Process It is very important for companies to plan processes and procedures and work accordingly to develop and effective strategy that fits the organization. Riordan Manufacturing need a step-by-step strategic management process which help managers make a choice on a giving set of strategic which enable the organization to maximum performance. The process helps incorporate the organization goals and ambitions while appraising the business and industries in which the organization is involved; appraises its competitors; and fixes goals to meet all the present and future...