INB205 week 5 discussion questions
DQ 1) Strategic planning is a long term tool focused around profitability, market share and product development. Despite serving the same purpose international and domestic planning are very different not only in scale as we see below.
Types of planning vary in domestic and international in the sense that domestic labor and infrastructure are usually on par with high standards of that country and therefore require little to no development for the company’s need in the long run. However, in the developing countries a plan must include labor and infrastructure development to ensure the same results you would get domestically which complicates the process on an international level.
Adapting to the local market conditions and biases is another problem when pursuing international growth where the politics domestic and abroad affect the plan internationally not to mention adapting further to new regulations, laws, polic