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4.1 11 Steps to Create World Class Organizations

4.1 11 Steps to Create World Class Organizations

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Published by avnijain1987

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Published by: avnijain1987 on Nov 29, 2009
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09/22/2010

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World Class Organization …means
Global consideration, in which the decision is taken to bethe premium provider in all sectors servedLocally, in which global business is developed using a costadvantage, focus, or differentiated approach to eachmarket.Establishing, sustaining and developing the desiredpresence in the particular markets. This requires strategicdecisions on whether to seek to be the only or overwhelming player in markets (e.g. Microsoft); the largestsingle player (e.g. Coca Cola); or fitting the presence to theprecise locality (e.g. McDonald is the main provider in USA,a niche player only in Russia)Using the existing basis as the platform on which to basefurther growth, either through developing existing products& services into fresh areas, or looking for new opportunitiespotentially available as the result of physical presence or resources combined.
 
 
Traits of World Class Organizations
Are characterized by power and influenceHave absolute and actual attitudes toresponsibilityAchieve a global presence in different waysHave a position of economic strength, butalso attendant responsibilities; andHave different attitudes to globalization andhave varying worldwide influences.
 
 
Prerequisites for being World ClassPrereq
 
uisites for being World Class
Size, scope and scale of resources to enable activities tobe established anywhere in the worldRecognition of full range of collective and individualresponsibilities that this capability bringsThe Capability to think globallyThe capability and willingness to develop a global set of valuesThe capability and willingness to understand, and becomfortable with, the demands and expectations of anypart of the world in which business is sought.

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