Global Business Opportunities for Companies
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Global Business Opportunities
Companies venturing into international opportunities must have operations and structures that favor such ventures. Semi connected Inc. should, therefore, arrange its units activities to make its operations workable and enable its components to relate (Ball, Geringer, McCulloch, Minor, & McNett, 2013). The management need to consider structures and strategy designs workable and that make it easier to control. It is important that all the international operations of Semi Connected be integrated with an effective and efficient manner. It must have a structure able to evolve over time that will enable it respond to the needs created because of the changes. The company has to ensure that its resources and competencies are effectively distributed within its units. It is important that the company monitors its activities and the environmental changes in the areas they venture into. The reorganizing company and the monitoring of both the internal and external factors enable handling of the new foreign production facilities.
Companies need to develop more competitive strategies will lower production costs to standardize worldwide production and manufacturing (Ball, Geringer, McCulloch, Minor, & McNett, 2013). The resources and company expertise must be allocated and distributed, and technology transfer enhanced to facilitate the introduction of new products in the market. Domestic product division can be given responsibility in operation of staff and product line giving them the worldwide product under control. In such a case, the company expertise produced products at the domestic department on the advice of the international department and availed for the consumers. In another way, the production of the products can be localized in the respective countries where the products are delivered so that they are released as produced according to established standards and local needs. This is simplified by letting the units of the company in another country control its processes while reporting to the headquarters.