What is global strategic management

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what is global strategic management

Global Strategic Management by Mike W. Peng

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Published 20.09.2019

International Strategy

Aug 7, The concept of global strategic management emerges from a combination of globalization and its implications on the corporate world.
Mike W. Peng

The Importance of Global Strategic Management

A global strategy is one that a company takes when it wants to compete and expand in the global market. In other words, a strategy businesses pursue when they wish to expand internationally. A global strategy refers to the plans an organization has developed to target growth beyond its borders. Specifically, it aims to increase the sales of goods or services abroad. Companies must pursue strategies in those three areas if they wish to expand internationally. According to the Cambridge Dictionary , a global strategy is:.

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All information submitted on this form will be processed in accordance with our privacy policy. You might have thought about expanding that reach to a global extent. While this can seem challenging, it can also be rewarding and worth the investment. Fortunately, the modern Digital Age makes connectivity easy with individuals in other countries. Having employees in different countries might cause some frustrations with hiring, payroll, and other tasks under the realm of human resources.

4 COMMENTS

  1. Philip S. says:

    Essentially, these three areas refer to those strategies designed to enable an organisation to achieve its objective of international expansion.

  2. Charlotte B. says:

    Global strategy - Wikipedia

  3. Ncarelcece says:

    Focused on strategy and international competition, this global strategic management program explores the challenges that multinational executives face as they.

  4. Dion H. says:

    Global strategy as defined in business terms is an organization's strategic guide to globalization.

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