Explain what strategic planning is and why it is important to a company by giving practical examples and synthesizing strategic management theories, principles, and concepts using research
Identify and present an opportunity for your chosen company to expand into an international market. You can search international markets using the Global Edge website ( https://globaledge.msu.edu/ ). Conduct additional research on the company website or using the Purdue University Global Consider expansion ideas such as the creation of a new product, demand for an existing product, creation of a grant-funded foundation, development of a subsidiary, etc. Be creative and innovative.
Provide reasoning why the company should enter your chosen international market.
Explain the importance of appropriate resource allocation to strategy execution to ensure the success of the company expansion into your chosen international market .
Explain the importance of policies and procedures to the effective facilitation of strategy execution to ensure the success of the company expansion into your chosen international market
Compose three policies that are imperative to the successful implementation of the company expansion strategy into your chosen international market (see the ebook Writing Exceptional Policies and Procedures found in the Purdue University Global Library). Explain why these policies are important.
Determine how process management tools can be used to drive process improvement in the performance of value chain activities of the company expansion effort into your chosen international market
Explain the role of information systems and operating systems in enabling company personnel to carry out their strategic roles proficiently throughout the company expansion effort into your chosen international market