quora

International Business Strategy - Essay Example

Comments (0) Cite this document
Summary
 International Business Strategy Table of Contents SECTION A 3 Question-1 3 SECTION B 6 Question-2 6 Question-3 10 Reference 14 Bibliography 14 14 SECTION A Question-1 In 2006, Anthony Salim wants his Group to operate flexibly “in order to capture whatever opportunities may arise …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
International Business Strategy
Read TextPreview

Extract of sample
"International Business Strategy"

Download file to see previous pages In order to understand the basic culture of Salim Group, it is necessary to trace its history. The understating of internal culture of the Group is important for assessing its rapid success in the domestic and international markets. Soedono Salim, the founder of Salim started his own trading company that used to deal in commodities like cloves and coffee with the prevailing leading companies of Indonesia. Besides he also partnered Indonesian army by supplying goods. In this period, he got acquainted with the future President of Indonesia, Suharto who was then an ambry office. The key success factor for the rapid growth of Salim Group was his contacts and close relationship with ruling political party. Since its inception, Soedono Salim took opportunists’ approach for achieve organizational success and it tried to capture many new business having greater opportunities in term of profitability in long run. When, Soedono Salim handed over the business to his son Anthony Salim, he has also taken the similar approach like his father. After the Asian Financial Crisis of 1990s, the Salim Group was severely hit and most of holding companies were given to the Government in order to pay off its huge debt. This period of crisis was the toughest for the Salim Group since its inception, and the fall of President Suharto made the things worse for the Salim Group. ...
Capturing new business opportunities is highly challenging and it requires regaining the financial strengths for the Salim Group. Hence, the after the crisis period, Anthony Salim starts looking for the new business opportunities on the axis between Australia, ASEAN and China. The opportunities available in these areas are different from each other due to difference in macro-economic factors like political, economic, technology etc. In this respect, the primary objective for Anthony Salim is to understand the distinct feature of business opportunities in the different areas. Along with the identification of the opportunities, accurate understanding of prevailing challenges and threats are inevitable and vital for business success. A comprehensive marketing research is also helpful in understating the business opportunities by focusing on the four major macro-economic factors i.e. political, economic, socio-cultural and technology (Srinivasan, 2008, p.181). Among the Asian and other close economy to Indonesia, the Salim group finds the Australia, China and ASEAN economies as one of the most attractive markets in terms of new business opportunities. For entering into these new international markets, the business strategy must be unique and dedicated to the specific economy. International strategy should always be different from the domestic business. International markets contain a number industry and trade barriers that must be overcome, and simultaneously, it is necessary to cope up with the prevailing culture of the business and market (Segal-Hor and Faulkner, 1999, p.3). Salim Group also decides to take different strategic move for its target regions and countries i.e. Australia, China and ASEAN. In this regard, Salim Group has realized the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“International Business Strategy Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Retrieved from https://studentshare.org/music/1425289-international-business-strategy
(International Business Strategy Essay Example | Topics and Well Written Essays - 3000 Words)
https://studentshare.org/music/1425289-international-business-strategy.
“International Business Strategy Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/music/1425289-international-business-strategy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
International Business Strategy IBS
This study focuses on the use of the first mover advantage, a theoretical concept already popular in international trade, for building a business strategy. The literature related to this subject has been reviewed and it is presented below; case studies have been used in order to show the practical implications of the involvement of the specific concept in the strategy formulation process.
10 Pages(2500 words)Essay
International Business Strategy
strategy can be substantially different from the home country to any foreign country depending upon the level of development the host country is subjected to. There are three broad strategic options to do international business – an industry based view, a resource based view
8 Pages(2000 words)Essay
International Business Strategy
Audi is headquartered in Ingolstadt, Germany and manufactures its automobiles in six main countries that include Germany, Hungary, China, Belgium, Brazil and India (Fowler, 2010, p 89). The company has also outlined plans to establish manufacturing plants in several other countries that include North American countries and South American countries (Dicken, 2011, 234).
7 Pages(1750 words)Essay
International Business Strategy
It is knowledge acquisition and a significant learning process that is required in order to be able to find market success in a foreign location (Nordstrom 1991). The Uppsala model illustrates a type of experiential learning which is necessary to align business
10 Pages(2500 words)Essay
International Business & Strategy
Globilisation has been driven by international trade, increased investments and aided by rapid information technology; thus, it has become the indispensable part of the global economic development. Globilisation has enabled many companies to carry out business transactions with other business entities across the globe effectively.
10 Pages(2500 words)Essay
International business strategy
Marketing Strategy of Eli Lilly 11 4.1. Competitive Advantage of Eli Lilly 12 5.1. Possible Alternatives to the FIPCO “Blockbuster” Business Model 12 5.1.1. Alternative (a) 12 5.1.2. Alternative (b) 13 5.1.3. Alternative (c) 13 6.1 Approach Followed by Major Pharmaceutical Companies 14 6.2 Recommendations 14 References 16 Bibliography 18 1.1 International Pharmaceutical Markets The origination of the pharmaceutical industry took place during the 19th century in Europe, when most of the Swiss based chemical companies initiated manufacturing pharmaceuticals and expanded their functions globally.
5 Pages(1250 words)Essay
International Business Strategy
McDonald’s, was started in California, USA, by two brothers Richard and Maurice McDonald’s in 1937. They started the business from a
8 Pages(2000 words)Essay
International Business Strategy-2
In as far as implementing a strategy is concerned, the company should follow the philosophy, “Think locally and act globally.” The need of the people in different regions differ
4 Pages(1000 words)Essay
International Business strategy
An international business strategy is part of doing business no matter where the business is located globally. Organizations that operate nationally normally face competition and the reason why organizations formulate business strategies is to be
3 Pages(750 words)Essay
International Business Strategy
With such coverage, the company faces a number of environmental differences that impact on its establishment and success in a particular region (Kew & Stredwick, 2008). This paper is an audit of the external environment of the company with a focus on three main
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic International Business Strategy for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us