CIS Strategic Planning 2
Reflect on the following in a minimum of 500 words. This reflection activity is comprised of two sections collectively totaling a minimum of 500 words. Complete your reflections by responding to all prompts.
Strategies to Drive Competitive Advantage
Companies use mergers, acquisitions, outsourcing, vertical expansion to gain competitive advantage, control quality cost, and expand markets, among other reasons.
Reflect on how these strategies differ from each other in terms of risk and potential benefit, and how are they similar.
- Why would a company choose one strategy over another?
Expanding an organization globally is a significant effort. You must comply with the laws of the companies you do business with and learn how to adapt your business to new ways of interacting with employees and customers.
Reflect on the reasons and include why an organization would expand globally.
- What benefits and drawbacks are there from expanding globally?
- From the perspective of an IT manager, how can expanding globally impact the IT department?
- Is a company that sells its products online to customers in other countries considered to be doing business in those countries? Why or why not?
Note: A reflection paper is your chance to add your thoughts and analysis to what you have read and experienced and is meant to illustrate your understanding of the material and how it affects your ideas and possible practice in the future.