Can someone do my Week 5 Discussion plus comments in Strategic Planning for Organizations?

Week 5 Discussion

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Blake Thigpen

May 18, 2021May 18 at 9:51am

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The differences between an international corporation and a global corporation.

   An international corporation is one that produces and distributes its products in their home country but sales it to other countries around the world. International corporation is defined as “One that manufactures a product in its home country and distributes and sells it in foreign countries” (Abraham, 2012). A global corporation is one that has facilities around the world and can produce and distribute for any facility to any country. A global corporation is defined as “one that utilizes a centralized strategy and marketing approach for a product that satisfies customers in different countries without modification and can purchase, produce, do R&D, and direct operations form anywhere in the world” (Abraham, 2012). The biggest is where the company produces the goods in which they sell around the world.

Choose two international strategies, define each strategy, then compare and contrast each. Discuss why organizations may choose one strategy over another and the type of industry that is best suited to the strategy.

   When doing any type of business in another country it is important to consider the ethical challenges a business my face. “Companies doing business in the international arena often find themselves facing ethical dilemmas” (Abraham, 2012). It is important for business leaders to take the time and consider all the ethical challenges their company will face prior to becoming an international company and doing business with other countries. This should be apart of the strategic planning phase and one that is discussed in detail prior to moving to an international business. The other international strategy that I choose is exporting and market Expansion. It is very important for the company to do their research on the other countries rules and regulations when it comes to doing business with them. “Exporting doesn’t require a presence in the host country, just knowledge of shipping and freight, insurance, and custom regulations” (Abraham, 2012). Just like ethical dilemmas, exporting and market expansion should be considered during the strategic planning process. This will allow for the organization to understand the type of market they are moving into and the rules and regulations of that country. Both international strategies are important, but the organization must know the ethical dilemmas they will face when moving their product to that country. They need to research that country to find out if their product will be a good fit and will sale in that country prior to moving to an international corporation.

Consider how ethical values and corporate social responsibility (CSR) might challenge the strategic process and the planned outcomes.

   It is important for any organization to understand that they have an ethical value and corporate social responsibility when creating or expanding an organization. Organizations have a duty to not only serve the society but also serve the financial interest of stockholders (Abraham, 2012). By doing right by in the strategic planning process, this will create more of a successful business for all. This will make the consumers happy as well and the stockholders of the company. By expanding a business, the corporate social responsibility could be to create more jobs for the society and becoming more financially stable for the stockholder. If these are not considered during the planning process, there will be problems and concerns in the future for the organization.

What are the prime ethical considerations for each of the chosen international strategies, and what type of strategic plan must accompany the international strategy to meet the ethical and CSR expectations?

   Ethical challenges are an area that every business must consider when planning to become a global or international corporation. These businesses must know and understand the culture in which they are moving into and take that into consideration while operating through their planning stages. Companies need to look at the culture into which they are moving to and ensure that their product meets that countries societies needs. After the ethical considerations have been identified and meet, the company needs to strategically plan for export and market expansion. They need to look and what this will offer to the society and consider the financial benefits for the stockholders. The company needs to ensure that they are following all the rules and regulations of that country, because they can be different in from the rules and regulations they have been used to. By considering the ethical dilemmas of the country and then looking into the exporting of the products to that country the company will be able to move forward with becoming an international corporation.

Reference

Abraham, S. (2012). Strategic Management for Organizations. Bridgepoint Education. [Electronic version]. Retrieved from:  https://content.ashford.edu