TQD Module 2 BUS 401

Running Head : Global Strategy Global Strategy

[The name of the writer appears here]

[The name of the institution appears here]

Global Strategy

Challenges to the global strategy come in various forms . It doesn 't just pertain to internal factors but external as well . Porter 's Diamond or comparative advantage theory deliberates four main factors that shape a global strategy factor conditions , supporting industries , demand conditions and firm 's strategy , structure and rivalry . Factor conditions take into account basic (natural ) and advanced (technological ) resource but the fact remains that efficient

use of such source is more important than its abundance . Similarly the success of related industries has a good or adverse impact on another industry while demand of any segment needs to be looked carefully before establishing a strategy (Source Business Analysis pp . 79-81 . Other factors include the art of management and the art of forming strategies one should adopt when heading a team . But not every individual has these qualities which makes it essential for organizations to have different people with various qualities . This will culminate in the form of team work that can lead to a better outcome as the fact remains that the answer to success lies in the fact that one should value the other individual , no matter how much it might clash with your point of view as there can never be ONE solution to any problem alone (Source : Global Strategy : The Challenges of Leading an Organization into the Global Arena

There are various strategies that...