Globalising a new enterprice Essay Example | Topics and Well Written Essays - 1000 words

Globalising a new enterprice - Essay Example This paper would therefore address the issue from a heterogeneous point of intervention. This means that not only would the strategies needed for making the company go global be looked at but then interventions and models for rescuing the company from further decline in profit will also be reviewed. Of course when the company gains a good capital resource stand, employee retention would no longer become a problem for it. Global Business Expansion Procedure For the global business expansion to take place, there are a number of procedures to follow. First of these is what the International Expansion Organization (2010) describe as development strategy. As much as authors begin their publications with manuscripts and constructors complete their facilities with architectural plans, it is important that any company seeking to go global have well researched and expert driven strategies in place. Specifically, the International Expansion Organization admonishes businesses â€Å"to identify international expansion as a business development strategy to be based on sound business research.† This means that preparation of strategic plan to lead the company into the start of its global venture should be based on detailed research. Through this research, which is referred to in some quarters as feasibility studies, the company should be in a position to decide on a number of issues including the following: 1. Project Scope: the scope should define the areas of the company that will be affected by the expansion project and should include participants as well as end users who will be affected by the global expansion. 2. Current Analysis: This analysis should explain the current mode of expansion implementation. That is, there should be a roadmap on the implementation process. 3. Requirements: The feasibility study must state all resources that will be required to undertake the expansion. These requirements should include both financial and non-financial resources. 4. A pproach: The approach for takeoff and implementation should be clearly stated in the plan. Without such an approach, the project will be haphazard. 5. Evaluation: It should be stated clearly, how the company is going to evaluate its progress performance. The evaluation should not only be internalized but should employ the services of external peer reviewers. After all these processes are followed in the strategic plan, the company will be ready to make other moves. The second stage of the global expansion plan should be correction of internal management loopholes. This is to say that there should be management strategies that ensure that the basic crises of the company such as employee turnover and profit retardation are corrected. This stage is very much needed to make the image of the company lucrative to the international market when it finally moves. As ways of maximizing local profits, the following are suggested: 1. Internal Cost Reduction Strategy: Management should be bold o n taking decisions that will help in cutting down on internal cost spending in the company. For example in the allocation of funds in the company’s budget, sacrifices should be made to ensure that much capital is directed to profit generation sectors rather than human resource wellbeing programs. The challenge with this strategy will be that committed workers would not want to stay but there will be an eventual

Vietnam and the Twentieth Century Experience Essay

Vietnam and the Twentieth Century Experience - Essay Example The proponent also discusses the resources that could be helpful to students of history particularly in understanding Vietnam’s culture and history. In particular, the proponent discusses the case of Vietnamese students in France during and after the colonial role of the French government in Vietnam, and their specific stand on nationalism that could mirror the Vietnamese culture or entire history. Student migration in France during and after the colonial role of the French government in Vietnam was a significant source of information that could elaborately discuss the issue regarding Vietnamese nationalism (McConnell 1989). Vietnamese students at this very moment in time had learned to communicate using French into newspapers, leaflets and even to letters they sent at home. Most of these students learned to express themselves in the French language, especially on various political ideas. Significantly, a historian having no sufficient background on Vietnamese culture or history would be able to document some substantial information that could elaborately discuss the political stand of Vietnamese students using some sources that could evidently express an essential link with the actual event in Vietnam and its culture and history. In this manner, even though the ideas had not been directly gathered in Vietnam, but the Vietnamese students in France and their specific political stand on some certain issues would specifically pave the way for understanding the actual event happening in their country and their political stand. Furthermore, their specific opinion or stand on the certain issue could be actually gathered through understanding their experiences which could be collected from existing articles or communication they had written.