What are the Key Components of a Global Business Strategy?
Market Research: Understanding the target market, customer preferences, and local competition. Entry Strategy: Choosing the right mode of entry, such as exporting, joint ventures, or wholly-owned subsidiaries. Localization: Adapting products, services, and marketing strategies to meet the local demands. Supply Chain Management: Efficiently managing the logistics and supply chain to ensure smooth operations. Regulatory Compliance: Adhering to local laws, trade regulations, and business practices.