Gather and analyse data relevant to a strategic pr Essays - Economy

Gather and analyse data relevant to a strategic problem to appreciate impacts of globalisation and international issues on an organisation Globalisation has had some impact in Singapore. The increasingly globalized landscape has brought troubles for the Singapore banking industry in monetary policy formulation. In the past few years, the size of portfolio which flows as a portion of foreign direct investment has increased from an average of roughly 9% from 1996-1997 to approximately 22% in 2002. This implies for firstly the management of monetary policy target and secondly the management of liquidity in the banking system. Globalisation also has had an implication of an integration of technologies and economies driven by new relationships, new technologies and new national policies of a list of factors including civil society, governments, international organizations and labour. This has brought in a raised homogenization of policies around the world, for example capital market liberalization and trade. Incorporate analytical perspectives and strategic insights in a business plan to execute a specific business strategy For a specific business strategy to be formed, strategists will have to carefully consider the following principles. First of all, a deep understanding of the industry or market they will be participating in in terms of competitors, entry barriers, bargaining powers of suppliers as well as buyers and substitutes. Moreover they need to be aware if they are the first to provide that kind of product in the market. Second of all, related matters such as trade barriers, regulatory and currency risks must be carefully studied to form their company's strengths and weaknesses in order to formulate a good strategy. Last but not least is the dignification of company's resource such as assets, human resources, patents and company reputation. Provide appropriate leadership in operational matters related to an organisation's strategy formation and implementation by displaying an awareness of the importance of effective management of resources An effective management strategy only comes out when the strategist understand deeply and acknowledge the significance of the resources of their company. FPT JSC is a successful company that value their human resource the most and acknowledge this as the main actor that drives the company to success. They value the united spirit and provide suitable compensation for individuals and teams as they achieve the common goal. The management strategy of FPT shows an effectiveness in human resource management. Demonstrate awareness of critical engagement with theoretical, practical and ethical considerations relating to international strategy outcomes and effectively communicate these outcomes To form a suitable strategy for a business, it is ideal that the strategist studies and understands the theory then he can perform the implementation, however theory and application do not often match with each other and understand deeply the theory is not enough for good strategy formulation. In fact, other than the factors influence the business like the economy, the industry and the market, political matters also affect international strategy. It is common that some strategy is best for a business in a country but may be not in another country or context. This is due to the difference of culture, context, regulatory issues and barriers that some countries are applied. For these reasons, theory, practice and ethical issues must all be considered altogether for a suitable and practical international strategy outcomes.