Dynamics Of International Strategy Essay Example | Topics and Well Written Essays - 3250 words

Dynamics Of International Strategy - Essay Example The world is fast changing and developing into a global village. The inclusion of WTO in the corporate world has revolutionized the situation and competition seeks its unabated boost everywhere. The countries and their companies have entered the international markets in the 21st century along with their magnificent products encompassing individual, collective, domestic, commercial and industrial needs at the global level. The dynamics of international strategy motivate the international companies to alter their strategies according to the changes taking place rapidly around them within the framework of the business environment. Remaining updated with the fast changing world and adopt immediate policy accordingly is key to success for a company under the present state of perfect competition. The strategies of the multinational companies are far more vivid and colossal than those of local and domestic ones. Multinational companies or enterprises refer to the "organizations consisting o f a parent company in a home country that owns relatively autonomous subsidiaries in various host countries. As the multinational corporations enjoy the status of leader of the global market, so they certainly have to undergo high leveled competition in different markets and cultures. Furthermore, the multinational companies to face industrial targeting too. "Industrial targeting", Balls & McCulloch argue, "is the practice of government assisting selected industries to grow by a variety of means."