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Hello, I am looking for someone to write an article on GLOBAL STRATEGIC MANAGEMENT. It needs to be at least 5000 words.
Hello, I am looking for someone to write an article on GLOBAL STRATEGIC MANAGEMENT. It needs to be at least 5000 words. The second component would be economic, which encompasses cost of production, currency exchange rates, and cost of capital. The third component is the social environment, which encompasses social change and global convergence. The fourth component is the technological environment, which encompasses global technology scanning and technology clusters and the spread of the Internet (Mellahi, 2005, pp. 37-49). Furthermore, another way of analyzing it would be examining the external environment according to Porter’s Five Forces. These forces would be 1) rivalry – how intense is the rivalry/competition among the firms in the industry? 2) buyers – how much power do buyer have? What can be done to neutralize their power? 3) new entrants – how easy or difficult is it to enter the industry? How can entry barriers be erected? 4) suppliers - How much power do suppliers have? What accounts for their power? What can be done to neutralize their power? and 5) substitutes - are there substitute products or services? What effect do these substitutes have? (Ungson &. Wong, 2008, p. 59). For the PEST analysis, it is clear that one of the external drivers for this business is the global recession.
