Implementing A Global Business Technology Plan - Module 11

Implementing a Global Business Technology Plan Students Name Institutional Affiliation Implementing a Global Business Technology Plan Introduction In the contemporary days, the world of business is constantly changing presenting organizations with the need to develop sustainable growth and development strategies. Organizations are therefore presented with the challenge to continuously change tactics for them to remain relevant in the market (Grant and Jordan, 2015). As such, over the past few decades, many organizations have adopted globalization to gain benefits associated with the trend. Globalization or internationalization refers to the process of increasing an organizations activities in foreign markets. An organization may choose to expand its business activities to international markets in order to promote growth and development, for continuous survival in the market, sustainability, economies of scale, business diversification, and supply chain safety among other key reasons (Pehrsson, 2004). In doing so, the firm subjects itself to challenges like foreign exchange rates and cultural gaps, challenges that must be comprehend with to stay relevant in international markets. Consequently, endeavoring to conquer foreign markets can be contra-indicated for different organizations not holding specific assets or specific capabilities to face challenges associated with such projects (PezMorency, 2012). Therefore, comprehensive diagnostic, planning, and implementation