Value chain and assessment of strengths and weaknesses.
Value chain is a set of the activities that establish the values for a given organization. It starts from suppliers being procured with raw materials, then to a chain of value-added ventures in production process and product marketing that ends at handling the last product to potential customers through distributors.
Analysis of the value chain helps in determining synergy degrees between the activities of any organization. The systematic evaluation of value chain leads to better and simpler understanding of the organization’s weaknesses or strengths. It visualizes the company as a link of value chain that is tied closely to gain improved economies of scale. Hence, it becomes very easy to analyze both strengths and weaknesses.
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International Strategic Management
International strategic management is an understandable and an active planning process that helps in the formulation and implementation of strategies and concepts laid down in business.
International, corporate, business and functional strategies differ. Firstly, functional and corporate strategies exist at different positions in organizational hierarchy. Corporate strategy is about business direction, philosophy and techniques that guide the whole organization to achieve its objectives and mission while functional strategy has the same purpose, however, at the functional position of the organization. Secondly, corporate level includes the whole organization, business units comprise of product lines, divisions or other areas of activity in the organization while the functional level revolves on the organizational departments such as operations, IT, marketing or human resources.
Strategic management challenges and business strategy to compete.
Challenges include economic risk, ease index and political risk. For political risk, a business can help in doing diligence towards knowing the political environment in any country before conducting its activities there. Secondly, economic risks should be well assessed and the currency used in any country and the licenses provided. Thirdly, the ease index involves the business being alert and careful to any global changes.
SWOT Analysis.
SWOT analysis is used to handle resources effectively. As an international manager, to know strengths and weaknesses, I would assess the previous trends and aim at group interviews through concentration on competencies in the organization. Also, through analysis of quality of human resources’ capital by experimentation. Threats and the opportunities can be done through market analysis. I would use the findings in brand building techniques to improve on the organization’s awareness and maximize online presence.
