Global Strategic Planning Process Term Paper

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Global Strategic Planning Process Eestjohn

STEPS IN THE GLOBAL STRATEGIC PLANNING PROCESS

AND REASONS FOR PLANNING GLOBALLY

Following are detailed steps for the global strategic planning process:

Analyze the company's external environments: Examine the political, economic and cultural environments of the proposed country for strategic investment. Ensure these are compatible with the company's proposed international direction (portability and conversion of earnings, conducive to foreign investment).

Analyze the company's internal environment: Make sure that the internal environment supports global expansion through applicable human resources policies (selection, training, relocation and repatriation of expatriates), appropriate legal and financial support and a corporate culture that functions within foreign cultures.

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Define the company's business and mission: Company direction must be clearly articulated, to ensure that the desired results for globalization are understood by shareholders, management, employees and relevant host country parties.

Set corporate objectives: Financial performance and strategic performance objectives must be established within the global context in which the company will operate.

Quantify goals: Quantify financial objectives (such as targets for revenue growth, cash flows, returns on invested capital,….....

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"Global Strategic Planning Process" (2004, May 07) Retrieved July 3, 2024, from
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https://www.aceyourpaper.com/essays/global-strategic-planning-process-169513>

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"Global Strategic Planning Process", 07 May 2004, Accessed.3 July. 2024,
https://www.aceyourpaper.com/essays/global-strategic-planning-process-169513
   

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