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INB 205 WK 5 DQ 1 with class answers

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Wk 5 DQ 1
Post your response to these questions: Explain why you think international strategy is
important. What is the difference between domestic and international strategic planning?
Be sure to respond to your classmates’ thoughts as well as posting your own.
Having an international strategy allows a company to determine the best methods for
obtaining and utilizing resources in order to meet the company’s international goal. It is
important for any business to do research in the region in which it wants to conduct
business. Learning political, religious, and business practices will greatly increase the
chance of a business succeeding in a foreign market.
The difference between domestic and international strategies can be as simple as knowing
the local customs. Conducting business internationally requires more strategic planning
due to the need to learn local customs. Whereas local customs in the domestic market are
more familiar or are “easier” to understand due to living and working in the region.
After carefully reviewing the material, and placing careful thought into both domestic
and international strategic planning. I have came to the conclusion, that with out
international strategy the out come for international business would be a disaster. This is
due to the many levels of variables that is calculated in order to have a successfull
product, that is both highly wanted and user friendly in all areas of international
countries.
The main difference between domestic and international strategic planning, is the simply
the area of production, and manufacturing. Being strictly concerned with
domestic sales enables you to concentrate solely on one nations needs and wants.
Compared to international strategic planning, where all needs and wants are used to
determine how production is observed, as well as the limitations that may occur.
In summary, both planning is critical to a successful, and well driven company. Both
ideas and methods of business needs to be carefully planned and executed to ensure a
great future to all that is involved.
International strategy is the plan a company creates to find and use resources efficiently
to meet goals for international business. Resources and employees are more readily
available domestically. More planning is needed internationally because international
resources, customs and employees are different and unknown. It is more important to
plan well when creating an international strategy because you are limited and can only
accomplish a few things at one time. So it is essential to understand the company's goals
and plan out how to get there with the limits of the international market. Having a big
picture view of the where you are going and a detailed plan of how to get there is the only
way to meet goals for international goals.
International strategy is important to make the right decision for the company. The
company has to look into the resources around to find out if the company would do well
in the new area. The company has to come up with ideas to stay ahead of the competition.
They have to have better equipment to produce the same product as the other companies

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