© 9-1 CHAPTER 9 STRATEGIC PLANNING. © 9-2 International Strategic Planning Strategic Planning: The process of determining an organization’s basic mission.

Slides:



Advertisements
Similar presentations
international strategic management
Advertisements

Chapter 6 Formulating Strategy
Revision topic 2 International HRM (from week 9).
Assignment Eleven Insurer Strategic Management. Strategic Management Process Strategy formulation – creating a plan Strategy implementation – putting.
McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
The Global Environment
9-1© 2006 by Nelson, a division of Thomson Canada Limited. International Strategy Chapter Nine.
Strategy Formulation and Implementation
Strategy Formulation and Implementation
©2004 Prentice Hall11-1 Chapter 11: International Strategic Management International Business, 4 th Edition Griffin & Pustay.
Topic 5 The Global Environment: Strategic Considerations for Multinational Firms.
Why go global ? Trigger factors: Domestic markets are found ’bad’ ( - ) a push factor - qualitative and quantitative evaluation Foreign markets are found.
GLOBAL MARKETING AND WORLD TRADE. Trends that have affected world trade 1.The decline of economic protectionism 2.Increase in economic integration and.
Chapter 6 Formulating Strategy
The Organizational Environment
1. 2 Learning Objectives To understand: the elements or stages of the strategic management process the different perspectives on strategy development.
© 2006 Prentice Hall6-1 Chapter 6 Formulating Strategy PowerPoint by Kristopher Blanchard North Central University.
Chapter 61 Formulating Strategy Chapter 6. 2 Strategic Planning and Strategy  strategic planning - The process by which a firm’s managers evaluate the.
Strategy Formulation and Implementation
Business and People Management
Chapter 4 MANAGING IN A GLOBAL ENVIRONMENT © 2003 Pearson Education Canada Inc.4.1.
Multinational strategy
11 The Global Manager Chapter Key Points
Managing Across Cultures
BA 486 International Marketing Dr. Frankenberger.
Copyright © 2005 Pearson Education Canada Inc. Concepts in Strategic Management, Canadian Edition Wheelen, Hunger, Wicks 1-1 Chapter 1 Basic Concepts of.
9-1 McGraw-Hill/Irwin© 2003 The McGraw-Hill Companies, Inc.,All Rights Reserved.
TQM Implementation The specific objectives of this chapter are:
chapter 11 International Strategic Management
Strategy Formulation and Implementation
Chapter 1 The Nature of Strategic Management Strategic Management: Concepts & Cases 13 th Edition Fred David.
Mgt 485 Chapter 09 Strategic Planning. Mgt Additional Internet Sites  
© 2008 Pearson Prentice Hall 6-1 Chapter 6: Formulating Strategy PowerPoint by Hettie A. Richardson Louisiana State University.
Internal Scanning Organizational Analysis
1 PowerPoint slides by R. Dennis Middlemist, Professor of Management, Colorado State University.
CHAPTER 2 OPERATIONS STRATEGY. Corporate strategy : goals core competencies environment responses new products/services global strategies Functional-area.
Copyright © 2009 South-Western, a part of Cengage Learning All rights reserved. Power Point Presentation by Dr. Leslie A. Korb Georgian Court University.
Planning & Organization
1 Marketing: Planning and Strategy. 2 Strategy: Definition A pattern of major objectives, goals, essential policies and plans that define the current.
Copyright © 2012 by Cengage Learning. All rights reserved.3- 1 Chapter 3 The Global Environment Prepared by Joseph Mosca Monmouth University.
International Strategic Management Strategic Formulation and Implementation.
Chapter 5 Global Marketing.
5-1 Pearce & Robinson, 10 th ed.. McGraw-Hill/Irwin Strategic Management, 10/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved. The.
McGraw-Hill/Irwin © 2005 The McGraw-Hill Companies, Inc., All Rights Reserved. 1 Chapter 4 The Global Environment: Strategic Considerations for Multinational.
Strategy Formulation and Implementation chapter eight McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved.
Chapter 6 Global Marketing. Introduction What is Marketing ? Marketing : The management process through which goods and services move from producer or.
Global Marketing. Definitions  International Trade -- movement of goods and services across country borders  Multinational Company -- Firm that is produces.
M.N. Elahee Global Marketing. M.N. Elahee International Marketing: A Definition Global or international marketing is defined as the performance of business.
Management Practices Lecture Recap Social Responsibility – Obligation to Responsiveness – Factors That Affect Employee Ethics – Stages of Moral.
7-1 Copyright © 2005 Prentice-Hall Chapter 7 Planning and Goal Setting Management: A Skills Approach, 2/e by Phillip L. Hunsaker Copyright © 2005 Prentice-Hall.
© 2006 Prentice Hall6-1 Chapter 6 Formulating Strategy PowerPoint by Kristopher Blanchard North Central University.
Strategy Formulation and Implementation Chapter Eight McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All Rights Reserved.
Chapter 8 Strategy Formulation & Implementation. Strategic Management ► Process of determining an orgs basic mission & long-term objectives & then implementing.
The Global Environment Chapter 5 McGraw-Hill/Irwin Copyright © 2009 by the McGraw-Hill Companies, Inc. All rights reserved.
Chapter 5 Entrepreneurial strategy. Learning Outcomes On completion of this chapter you will be able to: Define and explain why strategic management is.
International Orientations The degree and nature of involvement in international orientation of companies vary widely. The strategic important of international.
Chapter 6 Formulating Strategy
Chapter 5 Global Marketing.
International Marketing
International Strategic Management
Global Human Resource Management
The Strategy for Managing Across Cultures
Chapter 5 Global Marketing.
Chapter 4 The Global Environment: Strategic Considerations for Multinational Firms.
Entering Foreign Markets
Cultural Appreciation
Management, Leadership, and Internal Organization
Sourcing HR for Global Markets: STAFFING, RECRUITMENT & SELECTION
The Global Environment
Chapter 4 Global Marketing.
Presentation transcript:

© 9-1 CHAPTER 9 STRATEGIC PLANNING

© 9-2 International Strategic Planning Strategic Planning: The process of determining an organization’s basic mission and long-term objectives, and then implementing a plan of action for accomplishing this mission and attaining these objectives

© 9-3 Approaches to Formulating and Implementing Strategy Economic Imperative Political Imperative Quality Imperative Administrative Co-ordination

© 9-4 Strategic Predispositions Ethnocentric allows the values and interests of the parent company to guide the strategic decisions Polycentric Tailored to suit the cultures of the countries where the MNC operates Regiocentric Leads a firm to try to blend its own interests with those of its subsidiaries on a regional basis Geocentric Tries to integrate a global systems approach to decision making

© 9-5 Basic elements of strategic planning for international management Environmental Scanning Internal Resource Analysis Strategic Planning GOALS Implementation

© 9-6 Environmental Scanning Attempts to provide management with accurate forecasts of trends that relate to external changes in geographic areas where the firm is currently doing business and/or considering setting up operations.

© 9-7 Internal Resource Analysis Helps the firm to evaluate its current managerial, technical, material, and financial strengths and weaknesses A Key Factor for Success (KFS) is a factor that is necessary for a firm to compete effectively in a market niche

© 9-8 Strategy Implementation Provides goods and services in accord with a plan of action 1. The MNC must decide where to locate operations 2. The MNC must carry out entry and ownership strategies 3. Management must implement functional strategies in areas such as marketing, production, and finance

© 9-9 Location Considerations for Implementation The Country: ex.) US company invests in Europe, Canada, Japan, Mexico... Specific Locale: ex.) Somewhere easily accessible and desirable

© 9-10 Ownership and Entry Considerations for Implementation Joint Venture Fully Owned Subsidiary Licensing Franchising Export/Import

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com. Inc. All rights reserved.