Posted: March 9th, 2022

Hrm584 w2p2 | Accounting homework help

Please help me formulate peer-feedback to the below. 

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I believe some strategic objectives necessary in order for a global manager to be prepared and explore the opportunity to expand business in a foreign country are:

Organizational Readiness

  • Evaluate the organization structure needed to successfully execute your strategy.
  • Develop policies, procedures, and handbooks that comply with local requirements while maintaining balance with overall company policies.
  • Develop competitive benefits programs to attract qualified local employees.

Establish a Go-to-Market Strategy

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  • Determine your optimum sales model: direct, indirect, OEM, distributor, hybrid?
  • Determine your sales methodology: solution, feature, consultative, price?
  • Determine if a new brand will be created or whether you will use the parent brand.

Legal Readiness

  • Create localized commercial agreements.
  • Review industry-specific regulations to ensure compliance and certifications are obtained if needed.

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