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Successful Domestic Company Goes Global Essay Example

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Successful Domestic Company Goes Global

This report will act as the basis for decision making for the Human Resource department of the Family Dollar Store to determine several factors. For instance, the section dealing with merits and demerits of hiring expatriates will enable them weigh the pros and cons of doing so. According to Keyes (2010), reports are also instrumental in helping the company formulate policy for different operations. For instance, the store may decide to adjust salaries of expatriates to reflect the prevailing economic conditions of their various jurisdictions. This report will also enable the management to plan effectively for the expansion project by factoring in variables such as costs to cover contingencies while deploying expatriates. In addition, it also opens other opportunities and information which might not have been hitherto accessible by other members of the organization (Keyes, 2010). For instance there are some reports passed by the management committee which are only accessible after their publication. This report also provides the information to the owners of Family Dollar Store about the risk levels involved and the opportunities available to them in this expansion endeavor. This makes it easier for the management of the store to carry out a cost benefit analysis on different aspects of the expansion scheme. This will guide them in making prompt decisions regarding running and administration of the subsidiaries. Finally, this report covers most of the concerns that the management may have regarding the expansion program. As a result it will save them valuable time in decision making which would otherwise have been wasted on board meetings and other brainstorming sessions.The choice of a country will depend upon several factors like culture, distance and the local dialects within a given area (Rafiq, 2014). For example, people from the eastern countries like China and japan tend to have better spending habits than their western counterparts who suffer from acute consumerism. Since the Store’s business model is founded upon the sale of variety of household goods, China may be an ideal destination for expansion because the store stocks goods that the Chinese consumers would still find useful. Likewise, we can skew our product portfolio to include things that sell faster in china like rice and pasta which is their staple food.Rafiq (2014) also cites distance as another factor that comes into play during the expansion to

References

Ahlstrom, D., & Bruton, G. (2009). International Management: Strategy and Culture in the Emerging World. New York: Cengage Learning.

Lang, A., S. (2003). Examining Expatriation: A Survey about Female Austrian Expatriate "Man"agers. Berlin: diplom.de.

Keyes, J. (2010). Implementing the Project Management Balanced Scorecard. Florida: CRC Press.

Rafiq, M. (2014). Principles of Retailing.Oxford: Palgrave Macmilan.

Leonard, P. (2010). Expatriate Identities in Postcolonial Organizations: Working Whiteness. London: Ashgate Publishing.

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preview essay on Successful Domestic Company Goes Global
  • Pages: 8 (2000 words)
  • Document Type: Essay
  • Subject: Marketing
  • Level: Undergraduate
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