Question

Would strategic-management concepts and techniques benefit foreign businesses as much as domestic firms? justify your answer

Answer 1

I trust that key administration ideas and systems advantage remote organizations as much as local firms. "Research shows that associations utilizing key administration ideas are more gainful and effective than those that don't. Organizations utilizing key administration ideas demonstrate a huge change in deals, benefit, and profitability contrasted with firms without efficient arranging exercises. Other than helping firms keep away from money related death, the key administration offers other substantial advantages, for example, upgraded attention to outer dangers, an enhanced comprehension of contenders' procedures, expanded worker profitability, diminished imperviousness to change, and a clearer comprehension of execution compensate connections.

Answer 2

Yes, I believe that strategic-management concepts and techniques benefit foreign businesses as much as domestic firms.

Because according to research the organizations which uses strategic-management concepts are more profitable and successful than those who did not use that. And businesses which uses strategic-management concepts have more improvement in sales, more profit, and more productivity as compared to firms who did not use these concepts.

Strategic management offers many other real benefits like better awareness of external threats, better understanding of strategies of competitors, an understanding of performance to reward relationships etc.