Q:

What is international strategy?

A:

Quick Answer

International strategy is a global plan specific to a company or conglomerate where a model for global expansion and commerce is the ultimate goal. International strategy usually refers to actions that occur across multinational corporations in the private sector. Although international strategy refers to doing business across nation-state boundaries, it is based on home market resources. This business model tests which foreign markets are receptive to domestic products.

  Know More

Full Answer

There are several different international strategies that apply to the different world markets and cultures. No matter how different international strategies are, they all start with analyzing the market and sizing up the competition. For an international strategy to work successfully, a company must have a method of entry and buyers for their service or product. There must be a long-term goal in mind and a growth projection which answers the question “Why here?”

No matter how intricate or specialized an international strategy, they all have pros and cons. For the most part, a pro that comes along with an international strategy is a larger consumer base. One of the cons that come along with an international strategy are the questionable politics and exploitive measure that sometime accompany the endeavor. When a well-designed international strategy comes together properly, the result is a win-win scenario for the companies and markets involved.

Learn more about Foreign Laws

Related Questions

  • Q:

    How do you customize a marketing strategy template?

    A:

    Customize a marketing strategy template by modifying each section to meet the specific goals and needs of your company. Outline specific details in sections that cover promotion strategy and product pricing to reflect your business.

    Full Answer >
    Filed Under:
  • Q:

    What is the meaning of "organizational strategy?"

    A:

    Organizational strategy refers to the actions and benchmarks a company puts in place to ensure that long-term goals are achieved. These plans list the necessary steps in a sequence that must be completed in order to make an idea into a reality. This process requires extreme oversight into every aspect of corporate operations and a grasp of the company's main audiences.

    Full Answer >
    Filed Under:
  • Q:

    What is the information systems strategy triangle?

    A:

    The information systems strategy triangle includes business, organization and information strategy, and it symbolizes how a company must align all three of these strategies together to use information systems for the company's benefit. When implementing an information system, a company must consider its goals, place in the market, its organizational culture and its business processes.

    Full Answer >
    Filed Under:
  • Q:

    What is an aggressive financing strategy?

    A:

    An aggressive financing strategy is a financing strategy under which a company funds its seasonal requirements with short-term debts and its permanent requirement with long-term debt. Its heavy reliance on short-term financing makes it riskier because of interest rate swings and possible difficulties in obtaining short-term quickly when seasonal peaks occur.

    Full Answer >
    Filed Under:

Explore