For an organization to be successful, its leaders must be fully aware of their environment. What are the primary internal and external organizational considerations for the development of a global strategic plan? In your opinion, which 3 considerations have the most impact and why?
Ideally, global strategic planning is defined as the process implemented by different organizations operating internationally for purposes of formulating an effective global strategy. Alternatively, global strategic planning may be viewed as the process of evaluating the external and internal environment by multinational organizations in order to make decisions concerning the achievement of their long and short objective. The three major considerations of the global strategic planning are vision, core competencies and market opportunities and effective execution. Of the three-consideration stated herein, this paper endeavors to discus the most effective of them all.