A global entrepreneur must have a global strategy to become successful in the foreign market. They must have to optimize their production value to meet the demand of the global market. To build a global strategy, the company must strive to create a low cost strategy which focuses on low production and other related cost.
The ultimate goal of global business is to maximize their long term profitability. Identify and focus on value-creating activities. Locate productive facilities in locations where costs are lowest.
Optimize your business based on the location economy; you can do this by delegating individual value to the locations where the product can perform effectively and efficiently. Through this, you can conduct low cost strategy and at the same time differentiate the products and services from your competitors.
The ultimate goal of global business is to maximize their long term profitability. Identify and focus on value-creating activities. Locate productive facilities in locations where costs are lowest.
Optimize your business based on the location economy; you can do this by delegating individual value to the locations where the product can perform effectively and efficiently. Through this, you can conduct low cost strategy and at the same time differentiate the products and services from your competitors.
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