International Strategy
- An international strategy refers to an approach through which a company sells its products or services in foreign markets. It helps organizations become diversified geographically as they compete in various nations or districts in foreign markets. Alternatively, companies participate in less global diversification because they compete in a smaller number of markets in foreign markets. Our assignment writing help is at affordable prices to students of all academic levels and academic disciplines.
- Firms benefit from incentives used in international strategy. The approach helps firms gain access to required and potentially scarce resources. Also, the increased need to amalgamate operations on an international scale is a factor persuading companies to seek a global business strategy.
- The advantages of international strategy help organizations direct efforts to attain strategic competitiveness. Increased market scope helps companies establish solid positions in foreign markets. Moreover, it increases economies of scale and knowledge, especially in industrial operations.
- Companies can use one or both forms of international strategy. The business-level approach helps organizations choose from generic approaches of cost leadership and differentiation. The corporate-level approach considers multi-domestic, international, and transnational approaches.
- Today, businesses stress the use of transnational strategy in international efficiency as more markets and organizations within them experience intensified global business rivalry. Market demand for local adaptations of their commodities, with these demands emerging from clients and government bodies.
- Liability of foreignness refers to a group of costs related to numerous concerns organizations experience when entering foreign markets. Some of these issues include unfamiliar operating environments, cultural disparities, and cooperation difficulties over distances. The four forms of distances related to liability include cultural, location, economic, and administrative.
- Regionalization is an environmental factor affecting an organization’s choice and application of international strategies. A firm must consider where to compete; thus, it should consider competing in an individual market or multiple regional markets. The regionalization approach is crucial to many multinational organizations.
- The various modes of international entry include exporting, licensing, strategic coalitions, and newly owned subsidiaries. Exporting is a business entry through which an organization sends commodities it manufactures in its home market to global markets. Foreign businesses enter into an agreement through licensing to facilitate foreign organizations to buy manufacturing rights and sell their commodities within a host nation’s market.
- International business strategies are risky, especially those that can lead to more diversification in relation to the market served. Commonly, firms face political and economic threats to institutional competitiveness. Government inaccuracy, regulations, financial capital, and economic controls in a nation affect local economic activities and foreign investments in the nation.
- In essence, the level at which organizations attain strategic competitiveness through global strategies is extended and increased when they implement an international diversification approach. The global diversification approach is a strategy in which a company expands the sales of its commodities and services across territories of international regions. The strategy finds organizations using international business-level and corporate-level approaches with the objective of engaging in multiple regions and markets to sell commodities.
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Question 
International Strategy
This week the readings/videos focused on the topic of International Strategy. For this assignment I would like for
International Strategy
you to reflect on the literature and identify 10 key points that you took away from the assignments. For each of the key points you are to identify the point and provide 2-3 sentences explaining the point. Please number each of the 10 points.
Suggested Video: https://www.youtube.com/watch?v=32_fm92-EF8
Suggested Video: https://www.youtube.com/watch?v=_FGUkxn5kZQ