Business Global Strategy in Australia - Example

Download file to see previous pages The paper "Business Global Strategy in Australia " is a good example of a capstone project on business. International business organizations are being challenged by the new economic theories that are directing and shaping the global economic environment. From the current analysis, it is empirical that man international firms have started to change the definition of their strategies by incorporating new dimensions that integrate business and community improvement. So far, much has been achieved by many firms and the continuity is paramount. The rate of adoption of new strategies is critical for some firms because of the various pedagogies and jeopardizing that is involved. The dillydally nature of the international communities has systematically demanded organizations to refine their approaches and operations to shape the world to be a sustainable and economic health community for firms to work closely with consumer communities to minimize environmental degradation, levels of poverty.

The paper addresses effective strategies that are being used by international organizations such as the World Bank, world economic forum, and others. It consistently addresses the new theories that are being utilized by full-fledged firms to maintain their operations in the present competitive economic world. Comparison and contrast of traditional and newly developed theories have also been addressed together with the fresh aspects of strategy. It also determines the strength and benefits of the new theories while comparing the outcome of the previously used-up economic approaches. Most performing firms have a well-elaborated analysis and synthetic approach on resources, budgeting, targeting, and branding. Since the world has is almost completely connected by the internet, businesses are directing their efforts towards achieving a reflective business pattern that significantly images of incorporating humanity and business activities. This has served as a take-off of both emerging business and economic oriented firms that direct a firm’s efforts towards influencing key global economic patterns.

• Introduction

success both n the international market and regional market arises from the unique desire of companies to shine in the global market (DTI 1998). The question that arises is how firms are changing their strategic theories and what exactly is modifying and or changing. The driving force is an innovation that is required at the final stage of a business venture cycle. like the World Bank, world economic forum, and other firms like Toyota have persistently looked at frameworks to perfect their operations. Currently, many international firms believe they should constantly look for avenues to improve their products. New theories and explanations have been put forward to integrate models, investments, and community sustainability. Stiff competition exists, but the mode of addressing them differ with companies.

The new theory findings elaborate on what should be adopted and ignored for the business venture to remain fruitful in the international market. New descriptions and theories explain how innovation and competitive spirit should work to supersede world complex business community networks (ACTSE 1997, P.3). International organizations have invested a lot of their finances to address environmental problems, pollution-related impacts, and addressing poverty among communities. The old strategy worked independent of community involvement while the present has accurately involved operations of business ventures by sharing the benefits with the community. The New trade theory explains that a business should seek first to develop network effects in the region where they operate while making a lot of returns from targeted customers (Longman & Mullins 2004 p. 5). For the effective competition, businesses are changing policies, rules, and incorporating different marketing mix to see that their business retains an international image.

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