International trade is growing and expanding every year. World is dynamic and constantly changing and rapid increase in. The volume of trade has been rising in every countries. At the turn of the 20th century, agriculture and manufacturing were the two most important sectors. Furthermore, it is finished manufactured products that dominate the flow of trade and thank to technological advance that makes international business growth.
In the last 10-20 years trade has seen major changes. These changes are ones that directly affect the lives of the working class, and have raised a great deal of concern for millions of people. The real world, cheap labour, low cost, raw material and technological advance may make Chinese goods competitive in America. International business has many aspects that you need to be aware of before doing business in another country, whether or not you are a small business. Companies of different country origins now can reach customers worldwide. There are many different cultures and ways of doing business around the world.
Strategies.
Then, strategic management is the process in which a management team develops a mission, vision, objectives, goals, roles, responsibilities and values which ensure the success of the business. The need for global strategy is outlined by the fact that companies are subject to global forces and consumer demands. They should learn world history, predict the future, international strategies and ethic.
For example, the sources of Toyo Business Service Public Company Limited’s successful entry into the Japanese’s market business were Altruism, customer loyalty (Customer Relationship Management) and corporate social responsibility. This company is a small business which do business with Japanese companies. Another factor that could add to the success of a company in the business is the main concept, there are sacrificed, cheerful giver, service minded and social responsibility, not just only profit. This concepts would be useful when you do the business in this world. The company had a strong competitive position and customer will increase continually.
To build a truly great business, ethically requires much more than a code of conduct and recommend concepts of right and wrong behavior. The fact is, Good ethics is good business. I strongly believe that it is one of the most effective ways of ensuring ethical behavior in international business, which is effective at individual, corporate and country. The company should ensure understanding of ethical values and belief in their effectiveness and importance rather than a short-term profit.
I believe that the successful company of different country will monitor the competitive and decide if his company has the strategies, structures and the people that can fulfill its global interest. Therefore, to create a successful global strategy, it must understand the nature of global industries and the dynamics of global competition. Don’t forget the altruism, corporate social responsibility and ethical.