Institutional Framework – Jitto Paul James

GLOBAL BUSINESS STRATEGIES TOPICS :INSTUTIONAL FRAMEWORKS SUBMITTED BY : JITTO PAUL JAMES 11-PCO-18 Technical framework for global strategies Introduction : Strategies in a global setting involves competition in industries that extends across national boundaries and firms with different national bases that may tap into strategic resources in more than one location. The frameworks for global strategic analysis at four levels are the geographic scope of the industry , the competitiveness of various locations , the geographic reach of the firm and the global integration vs. ocal focus of specific activities . The sustainable growth of the country depends mainly on the quality of a country‘s institutions. Without well-functioning institutions, education and training policies are less effective and factor markets cannot function efficiently. Even the Financial systems, which are a central element in funding new investment, do not function effectively in a weak institutional environment . In short, strong institutions are a central determinant of the ability of economies to compete and to grow successfully.

Level of analysis : issues , frameworks and actions The principal frames of reference required for strategic thinking and action in an international context , these include those required for defining the geographic scope of industries, the competitive advantage of countries and its implications for the locations of activities and tradeoffs between local responsiveness and global integration of different activities in the value chain . While each of these levels is complex, we find it useful to caricature. each of these frameworks graphically , much as Porter has done ith the five competitiveness . These caricature are drastic oversimplifications and omit many relevant variable and feedbacks , but they call to mind the various dimensions that should be considered . The goal is not to master the framework , but to use it to master the strategic issue at hand . This will require modifying the frameworks, often adding or changing dimensions , as the most relevant simplifications will vary from application to application . The basic frameworks and the definition of the various forces are presented below , together with the key references for each .

All of the levels of analysis identified above plays a role in overall strategic process . Often , this process is depicted hierarchically , zooming in , from the most macro to the most micro perspectives from positioning to implementation . In practice , the process is more simultaneous and chaotic , since changes in opportunities or threats may appear at any of the levels , triggering a new round of strategic assessment . Nevertheless , it is useful to present the frameworks as a simple hierarchy from industry structure , location based advantage , and the various dimensions of internationalization of the firm .

Order custom essay Institutional Framework – Jitto Paul James with free plagiarism report

450+ experts on 30 subjects Starting from 3 hours delivery

Get Essay Help

Institutional bodies for import / export Institutions engaged in export/ import effort fall in six distinct tiers. At the top is the Department of Commerce in the Ministry of Commerce and Industry and their main function is to formulate and guide India’s trade policy. In the Second tier, there are advisory bodies to ensure that export problems are comprehensively dealt with after mutual discussions between the Government and the Industry. At the third tier are the commodity specific organizations, which deal with problems relating to individual commodities and/or groups of commodities.

The fourth tier consists of service institutions, which facilitates and assist the exporters to expand their operations and reach out more effectively to the world markets. The fifth tier consists 44 of Government trading organizations specifically set up to handle export/import of specified commodities and to supplement the efforts of the private enterprise in the field of export promotion and import management. Finally ,agencies for export promotion at the State level constitute the sixth tier. Reference : International business competing in the global market place ( second edition ) by Charles W. L . Hill * Global business strategy : An introduction by Robin John , Grazia Letto Gilles . * Chamber of commerce * Ministry of trade and commerce * Investopedia for definition * EXIM Report http://www. slideshare. net/hemanthcrpatna/a-study-on-media-as-a-source-of-influence http://www. scribd. com/doc/95124603/A-Study-on-Media-as-a-Source-of-Influence-on-Consumer-Decision-Process-in-Bilaspur http://www. studymode. com/essays/Media-Impact-On-Consumer-Buying-Behavior-268694. html? topic

Don't let plagiarism ruin your grade

Run a free check or have your essay done for you

Check my essay Hire Writer