International Business Strategy Essay Example | Topics and Well Written Essays - 1500 words - 1

International Business Strategy - Essay Examplemmon things like culture, standardized administrative issues such as free cover which has seen a boom in economic trade across regional countries over the past decades. According to the article, even the most successful multinational companies report is linked to their regions of origin.There ar five different approaches to this regional outline namely home base strategy, portfolio strategy which seeks to build a regional portfolio, the hub strategy which is concerned with building regional bases, platform strategy which is about customisation of products as well as the mandate strategy which focuses on specialisation of particular products to the otherwise regions. If properly implemented, all these strategies can add a competitive advantage to the organisation given that they are mainly concerned with improving efficiency in manufacturing as well as trade among regions and eventually global markets. Popular brands across the g lobe can be identified with their regions of origin. Thus, it can be noted that regions represent just one way of aggregating across borders to achieve greater efficiencies than would be achievable with a country-by-country approach which is one notable interesting part of this regional strategy.What is interesting in reading this article is the fact business develops from grassroots level and it develops across regions until reaching a global stage. Most develop global businesses evolved from regional levels and they can be identified with their regions of origin. Indeed, I agree with this given that different products that are sold globally have traceable origins which can be linked to their regions.However, one notable worry encountered from a critical reading of this article is that there is no universally agreed definition of what constitutes a region. A region can be intra-national or international and this distinction is not clearly be in this context. It can be noted tha t some Japanese companies like Toyota are