Beginning Development of Global Strategies

Primary Discussion Response is due by Friday 4/6/18(11:59:59pm Central), Peer Responses are due by Tuesday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board  area, write 600–800 words that respond to the following questions with  your thoughts, ideas, and comments. This will be the foundation for  future discussions by your classmates. Be substantive and clear, and use  examples to reinforce your ideas..

As the firm looks for ways to offset the domestic downturn in sales,  Deborah, the CEO of your company, wants to determine if a global  strategy is a good fit for the organization.  She has designated you as  the manager for this project.  You will work with your team to develop a  global marketing plan for your organization. 

You begin your research in deciding if and what the global strategy  should be. You get your team together and begin to discuss a plan on how  you will research this possibility.

You start the meeting by saying “Let’s brainstorm and start to get a  plan together for a possible globalization strategy. Tiffany, I’d like  you work with me to begin researching possible locations.”

Tiffany says, “I think we need to research some locations, but I  think there is more to it than that. There still needs to be a decision  on the type of strategy or approach we are taking. Would we use a  multidomestic approach, a global approach, or a transnational approach?  I’m still not entirely convinced a global strategy is the answer.”

“Great point, Tiffany. It is obvious to me as well that we need to  explore a strategy that will put us in a better position to handle the  economic downturn. We have to provide the board with the facts. They  seem to be leaning in the direction of a global strategy, but I’m not  sure it’s the right move either. That’s why we need to do research.”

Discuss the following:  

• How do you define a global strategy?  
• Are there other international strategies, and how do they differ?  
• Identify a minimum of 3 possible countries and location options  for globalization. Research each of these locations in the furniture  industry, and document both the pros and cons of using these in global  strategy.  
• What country would you choose? What evidence can you provide in support of your choice?  
• What evidence might somebody else, who does not agree with you, provide to support his or her choice?  
• What could you tell somebody else to show he or she is wrong?