MATCHING STRATEGY TO FOREIGN OPERATING ENVIRONMENTS Research Paper - 1

MATCHING STRATEGY TO FOREIGN OPERATING ENVIRONMENTS - research Paper Exampleness are facing, their use of the IR framework must based on managerial perceptions alongside the pressures placed by global integration and the pressures from local responsiveness.In applying international finding qualification it is essential to base on the capability of transferring and adapting the parent firms knowledge or capabilities of the foreign markets. A company planning on conducting its operations revealside the borders of its local authority should fork out a good knowledge of the different trends prevailing in the different international markets. Companies applying international last making should be able to apply international outline to influence and control all decisions pertaining to strengths and weaknesses present by companies operating in the markets they intend in venturing into. This will provide them with a leverage psyche as they will be able to determine and structure thei r products and services in such readiness that reflect on the needs of foreign markets therefore being able to stand the competition spend a penny up by opposite companies. A good example is that Carrefour which is an international retailer is able to make good international decision making which entails the application of different standardized hypermarkets to venture into different countries where it carries out its activities or business. The best strategy to apply in such occasions where international decision making is required involves the use of International strategy (Cavusgil, Knight, & Riesenberger, 2011).This strategy can be described as a companys ability to take its strength from the domestic market and use the same strategy in entering or venturing into international strategy. A good example of a company that uses this strategy is Wal-mart supermarket. This is because the company has taken the strategy which it uses on its country base to venture and introduce thei r goods in other countries yet still succeed in the international markets. Moreover, International strategy