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International Strategic Management
International Strategic Management
An organization must be able to determine what products or services they intend to sell, where and how
the organization will make these products or services, where they will sell them, and how the organization
will acquire the necessary resources for these tasks. Even more importantly an organization must have a
strategy on how it expects to outperform its competitors.
[edit]Development complexity
When an organization moves from being a domestic entity to an international organization it must
consider the possible broad complexities that accompany such a decision. In a domestic country, an
organization must only consider one national government, a single currency and accounting system,
one political and legal system, and usually a similar culture. Entering into one or more foreign countries
can involve multiple governments, currencies, accounting systems, legal systems, and a large variety of
languages and cultures. This can create numerous barriers to entry for an organization looking to expand
internationally.
[edit]Basic questions
In foreign countries, there are the possibility of:
Strategic management
Strategic planning
Strategy visualization