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Based on the discussion on the four (4) key drivers that shape organisational and industrial global strategies as discussed in the course, which two would be most important to Peter based on the industry/sector he is operating in. You must include, two sub-factors under each of the drivers. Organizational examples must be included. Information from the scenario must be included to support the discussion. Please see attachment of four (4) key drivers that shape organisational and industrial global strategies and scenario

Based on the discussion on the four (4) key drivers that shape organisational and industrial global strategies as discussed in the course, which two would be most important to Peter based on the industry/sector he is operating in. You must include, two sub-factors under each of the drivers. Organizational examples must be included. Information from the scenario must be included to support the discussion. Please see attachment of four (4) key drivers that shape organisational and industrial global strategies and scenario

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Based on the discussion on the four (4) key drivers that shape organisational and industrial global strategies as discussed in the course, which two would be most important to Peter based on the industry/sector he is operating in. You must include, two sub-factors under each of the drivers. Organizational examples must be included. Information from the scenario must be included to support the discussion. Please see attachment of four (4) key drivers that shape organisational and industrial global strategies and scenario
Peter is considering operating a local business in the textile, clothing and footwear sector. Peter has completed research into the operations of similar businesses both locally and regionally and intends to market and sell his products both at the local and regional level at the same time. Peter understands that to shape the business's overall strategy there are various strategic drivers both internally and externally which must be considered and wants expert advice on these drivers relevant to his business. He is also struggling with deciding on the best structure for the organization, as well as the most effective ways of marketing his products to ensure that they are more attractive to buyers than the current options. Peter is considering a strategic alliance but is not sure if to form links among non-competitive firms or associate with firms in an un-related activity. He is also aware that even other types strategic alliances exist but does not have a good grasp on this area to make an informed choice. Peter is aware of internal and external tools which businesses use to understand the operating environment but is unsure which ones are feasible for his business or will provide the most relevant information. Peter wants to go global in the future. He was listening to a radio program and they mentioned that there are drivers that shape strategies when persons are considering going global but he is not familiar with what these are. Whilst Peter has a lot of ideas, he recognizes the need for help to ensure his success.
Transcribed Image Text:Peter is considering operating a local business in the textile, clothing and footwear sector. Peter has completed research into the operations of similar businesses both locally and regionally and intends to market and sell his products both at the local and regional level at the same time. Peter understands that to shape the business's overall strategy there are various strategic drivers both internally and externally which must be considered and wants expert advice on these drivers relevant to his business. He is also struggling with deciding on the best structure for the organization, as well as the most effective ways of marketing his products to ensure that they are more attractive to buyers than the current options. Peter is considering a strategic alliance but is not sure if to form links among non-competitive firms or associate with firms in an un-related activity. He is also aware that even other types strategic alliances exist but does not have a good grasp on this area to make an informed choice. Peter is aware of internal and external tools which businesses use to understand the operating environment but is unsure which ones are feasible for his business or will provide the most relevant information. Peter wants to go global in the future. He was listening to a radio program and they mentioned that there are drivers that shape strategies when persons are considering going global but he is not familiar with what these are. Whilst Peter has a lot of ideas, he recognizes the need for help to ensure his success.
Cost Globalisation •Scale economies •Sourcing efficiencies •High product development costs Market Globalisation Similar customer needs .Global customers • Transferable Marketing Globalisation of competitors •Interdependence •Competitors •High exports/imports Global Strategies Globalisation of government policies •Trade policies •Technical standards •Host government Figure 2.9. Key Drivers That Shape Organisational and Industrial Global Strategies
Transcribed Image Text:Cost Globalisation •Scale economies •Sourcing efficiencies •High product development costs Market Globalisation Similar customer needs .Global customers • Transferable Marketing Globalisation of competitors •Interdependence •Competitors •High exports/imports Global Strategies Globalisation of government policies •Trade policies •Technical standards •Host government Figure 2.9. Key Drivers That Shape Organisational and Industrial Global Strategies
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