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Concept of Global Corporate Strategy

   

Added on  2021-05-27

18 Pages5447 Words79 Views
Running head: GLOBAL CORPORATE STRATEGYGlobal Corporate StrategyName of the Student:Name of the University:Author’s Note:

1GLOBAL CORPORATE STRATEGYExecutive SummaryThis report will discuss about the concept of global corporate strategy and their relativeimportance in the present context through the organization of “Tata Steel”. The report willgive an overview of the company and also the “global corporate strategy” used by thecompany. The report will also give an overview of the concept of strategy and the strategieswhich are being used by the company presently. The report will discuss about the strategicdecision making process and the mission, vision, objectives and policies of the concernedorganization. Finally, the report will conclude with a critical reflection as how the companycan utilize these factors to improve the prospects of the company.

2GLOBAL CORPORATE STRATEGYTable of ContentsIntroduction................................................................................................................................3“Question One: Portfolio, Integrated Organization Perspectives and Competitiveness”..........4“Question Two: Business Model Innovation and Technological Innovation through Strategicalliances”....................................................................................................................................7“Question Three: Corporate governance, CSR, Sustainability and Leadership”.....................11“Question Four: Personal reflections on learning”..................................................................13Conclusion................................................................................................................................14References................................................................................................................................15

3GLOBAL CORPORATE STRATEGYIntroduction“With a clever strategy, each action is self-reinforcing. Each action creates more options thatare mutually beneficial. Each victory is not just for today but for tomorrow.”The above quoted line of Max McKeown from his famous book “The Strategy Book”gives not only gives an overview of the concept of strategy but also of the importance of theconcept of strategy. The “advent of globalization and the recent developments in the fields oftechnology as well as innovations has drastically changed the way most of the businessorganizations or the companies conduct their business in the present times” (Hitt, Ireland andHoskisson 2012). It is generally seen that every year new business organizations emerge intothe market and therefore the “level of competition faced by the various companies as well asthe business organizations has increased significantly over the past few decades” (Hitt,Ireland and Hoskisson 2012). Thus, to mitigate the “high level of competition” faced by themthe various business organizations often take the help of various effective strategies (Hill,Jones and Schilling 2014). Strategies are the policies or the tactics which the various businessorganizations often take the help of “in order to bring about the overall growth as well as thedevelopment of their business operations” (Hill, Jones and Schilling 2014). Furthermore, it isalso seen that ineffective as well as mistimed strategies can “hamper the prospects of thevarious companies as well as the business organizations in a significant manner” (Hitt,Ireland and Hoskisson 2012). Therefore, it becomes very important for the concernedbusiness to clearly chalk out the reasons for which they want to formulate or to implement thestrategy (Hill, Jones and Schilling 2014). This report will discuss about the “global corporatestrategies” of the company “Tata Steel Limited”.

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