Strategic Alternatives in Global Industries Framework
Choose a strategic alternative
The Strategic Alternatives in Global Industries Framework is a strategic approach to competing in global industries. It involves choosing a strategic alternative such as broad line global competition, global focus, national focus, or protected niche.
- Firms must choose a strategic alternative to succeed in global industries
- Firms must understand the competitive forces in their industry and build strategies to succeed
- Firms must be aware of the political and economic relations between governments
- Choose a strategic alternativeChoose a strategic alternative such as broad line global competition, global focus, national focus, or protected nichePro tipUse a framework such as the Strategic Alternatives in Global Industries Framework to choose a strategic alternativeWarningFailing to choose a strategic alternative can lead to poor strategic decisions
- Implement the chosen strategic alternativeImplement the chosen strategic alternative and build strategies to succeedPro tipUse strategies such as building political capital and establishing relationships with governments in buying countriesWarningFailing to implement the chosen strategic alternative can lead to a competitive disadvantage
IBM has successfully competed in global industries by choosing a strategic alternative and implementing it
Japanese firms have successfully competed in global industries by choosing a strategic alternative and implementing it
The Strategic Alternatives in Global Industries Framework was developed in response to the increasing globalization of industries and the need for firms to compete on a worldwide basis. It is based on the idea that firms must choose a strategic alternative to succeed in global industries.