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CH.7: Global Strategic Planning - Coggle Diagram
CH.7: Global Strategic Planning
Foreign Direct Investment (FDI)
Form of controlling ownership of a business in another country
Instrumental un human and material resource development.
Involves Host and Home countries
Dynamic growth of services FDI
FDI Inflows down
FDI outflows up
FDI Prospects determine the largest recipients of FDI per region
Strategic Planner in Multicultural Environment
Organizations look for multicultural managers
Managers face more challenges now
Cultures add value to different things across the world.
It marks the success of international affairs.
Prepare for new mind shifts
Think beyond local perceptions
Adapt to new circumstances
Envision transnational opportunities
Global Strategic Planning Process (GSPP)
Profit depends on operational processes
Planning means:
Looking for threats, opportunities, strenghts and weaknesses
Devise strategies to exploit and counter particular situations
Geared especially to be competitive
Were decisions are designed and evaluated
Challenge to connect developing and developed countries
Objectives and Strategies
Communicate and Work with people with different cultural backgrounds
Be aware of the many beliefs and values other cultures practice
In order to make international connections, mindsets must connect first.
Role of Transnational Corporations
Engines of growth
Provide capital, training, stimulating trade, and technology and innovation.
Determine international patterns of trade
Participate in regional integration
Supply a relationship between developed and developing countries