preview

International Strategic Management

Better Essays

CHAPTER 11

International Strategic Management

After studying this chapter, students should be able to:

> Characterize the challenges of international strategic management. > Assess the basic strategic alternatives available to firms. > Distinguish and analyze the components of international strategy. > Describe the international strategic management process. > Identify and characterize the levels of international strategies.

LECTURE OUTLINE

OPENING CASE: Global Mickey

The opening case explores the Walt Disney Company’s international strategy. In particular, the case examines the difficulties Disney has faced in establishing a theme park in France. …show more content…

Top-level executives and senior managers are normally responsible for strategic planning.

Teaching Note: Instructors may want to point out that students who are taking or who have taken a course in business policy and strategy will find that a fair amount of overlap will probably exist between the discussion of this material and the concepts that were presented in the business policy and strategy course. In other words, it should be stressed that many of the same techniques are used in strategic planning, regardless of whether one is considering a domestic market or a foreign market. • Strategic planners responsible for both domestic and international strategies must answer the same fundamental questions: what products and/or services does the firm intend to sell? Where and how will it make those products or deliver the services? Where and how will it sell them? Where and how will it acquire the necessary resources? How does it expect to outperform its competitors? Discuss Table 11.1 here. [pic] • International strategic planners must also contend with cultural, political, and geographical differences among countries. • International companies are in a position to exploit three sources of competitive advantage --– global efficiencies, multinational flexibility, and worldwide learning --– that are unavailable to domestic firms. The text provides examples

Get Access