Management Misc Model 6 Why Study Global Strategy

Why Study Global Strategy?Knowing the concepts and components of global strategy will improve job and career aspiration opportunities, build awareness of what is occurring in the world, and avoid the downside risks of globalization.The most sought-after and highest paid business school graduates (both MBAs and undergraduates) are typically management consultants with expertise in global strategy. Outside of the consulting industry, joining the top ranks of many large firms will require knowledge in global strategy.Most business school graduates will eventually be interacting with foreign-owned suppliers, buyers, and customers; competing with foreign-invested firms in home markets; and perhaps even selling and investing overseas. Approximately 80 million people worldwide are directly employed by foreign-owned firms.Likewise many graduates will end up working for a foreign-owned corporation, and some may experience economic downsizing due to global consolidation. Understanding global business may help graduates to minimize or avoid such downside aspects due to globalization.What Is an Insightful and Accurate Definition of a Global Strategy?One popular definition of a global strategy is a firms intention to provide standardized products and/or services on a world-wide basis. Another definition suggests that global strategy is any strategy outside ones home country. However, the best definition is that global strategy is