Weekly Reflection Essay
Developing a sustainability strategy means nothing unless practiced throughout the entire organization. Knowledgeable leaders who reinforce change and stand behind the employees are key elements to the success of a company’s infrastructure and stability plans.
Global Market and Business Strategy An organization’s external environment can affect management’s development of business strategies as much or more than the effects of its competition. In an expanding global market factors of this external environment include legal, social, technological, political, and economics issues. Organizations must understand the forces these factors have on its business strategies to maintain or enhance its marketplace in the global market (Global Factors & Strategy, 2012). Governmental laws and regulations differ in many areas such as environmental standards, employee relations, wage restrictions, and export tariffs. Many companies have outsourced or move manufacturing to countries like Mexico who have less stringent policies. Social differences in a global market include consumer tastes, lifestyles, and