Globalization and strategic approach

Managers have to succumb the odds of the market, including the competition to serve their customers with the best quality product. While the modern technological innovation has integrated the world economy to a village, significant operational in each country remains unique, and as such, management of global firms must not only delocalize their operations but also ensure such operations are economically feasible (Nilsen, Kowske & Anthony, 2005). Organizations in the global business place face such challenges as ethical barriers, the challenge in restructuring the organization in the global market, inadequate managerial competence, degenerative tariffs and trade barriers, fluctuation in currency stability, and patents, copyrights, and laws, cybersecurity, etc. (Strategy, 2009). These challenges subject these organizations to small state that in situations of inappropriate entry strategy, these organizations usually fail.

Since the success of multinational organizations depends on effective decision making about variables such as technology and innovations, labor and government policies, financial market regulations and its stability, managers in the host country should rely on subsidiary firms to access viable information that promotes growth. Issues of relationship, organizational structure, labor concerns could be well addressed through joint operations. Moreover, the strategy is arguably one of the best approaches to subdue competition in the new markets. Sequential marketing strategy could also bolster strategic policy adjustment of multinational firms over time. The local firms could help fast track improvement by sharing relevant information about the product market that could assist in making decisions (Nilsen, Kowske & Anthony, 2005). umuc. edu/apps/doc/CX3273100194/GVRL?u=umd_umuc&sid=GVRL&xid=c7c3ac89 Nilsen, D.