The Key Strategic Issues That ABB Company Is Facing Coursework

The Key Strategic Issues That ABB Company Is Facing - Coursework ExampleThis seek tells that in todays world, global organizations and companies are changing day by day due to the ever-increasing world changes across all sectors. This has led to the issuance of different strategies of doing business by different companies. Based on researches carried out on various case studies including ABB, spot strategic issues ought to be addressed in order for companies to overcome the difficulties and problems they face. According to De Wit and Meyer, the concept of mergers and acquisitions (M& As) has been seen as the way out to the globalization of economies. Globalization of economies is set as a key strategic issue faced by ABB given that Companies are competing more and more in relation to costs of raw materials, operational costs, cost of fag out and technological advancements. Concern on competitive advantage by ABB like other companies is used for testing better and effective strat egies to counter increased contention in the market. Although it has led to improved and better performance in ABB, other companies have been faced with difficulties resulting in financial crisis hence closures. High rates of emulation have presented companies to external as well as internal scotch forces. Moreover, clients have experienced low-quality service and product delivery due to the use of unfortunate management strategies. Financial crisis resulting from a competitive advantage on other hand has catapulted competition forces between market segments. All together management strategies and associates impress general economic growth and development to national economies. The aspect of inside-out strategy has enabled companies like ABB to create the organizations newly through mergers or acquisitions. Also, capability building through strategic management provides appropriate market opportunities to companies. Therefore, economic sustainable growth and development become an issue in relation to management strategies. using the briefings that you have prepared for the tutorials apply the key points from your briefings to the case study ABB case study presents globalization as argued by Haberberg and Rieple, referring it as whereby global economies, societies, and cultures practice economic integration id different perspectives. Companies have embarked on forming global networks in the name of attaining development goals in major sectors of transport, trade and communications. Based on the ABB case, internationalization is identified as a significant factor in the development, management and growth of the business. Globalization faces criticisms from the negative perspective of its resultant activities. it is argued that the concept has led to the increased disagreement between the rich economies and the developing poor nations. According to the researches carried out, this has contributed to increased global competition between companies. The field of electrical and management within relevant organizations much(prenominal) as ABB are not left out in the consideration of planning strategy towards standardization. Thus, poor and developing economies continue to experience difficulties at the get down of the developed ones in the name of globalization.