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Critical Thinking: Multinational Strategic Management Coursework

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Updated: Sep 23rd, 2022

In the event when the expansions in operations exceed the available limits, it will be advisable to look for another facility for expansion. The best place to look for this new facility will be in the same area as where the old facility was located. This is due to the availability of factors of production in the area especially labor and raw materials. I would view several facilities before deciding on which one to pick. This will ensure that I pick the best facility for the task at hand.

Information technology is essential in the operations of any facility (Lerner and Soudry, 2011). It has found several applications in our facility. It is used to calculate the wages of employees, ensure that all machines are running efficiently, assist in production and control various systems in the facility. It has helped to save time and energy which was required to do this work manually. Through the use of computers, the operation and maintenance of machines has been more effective and efficient. The use of IT in the facility has boosted production and increased the profits earned.

Policy statement 1 which says the customer is always right and should be satisfied should be left in the hands of the decision maker for interpretation. This is because the main aim of our facility is to satisfy the needs of our consumers. This will assist to create consumer loyalty and increase the chances of survival in the long run. The words in this policy statement should therefore remain the same because they put forward the aim and objectives which want to be achieved by the firm.

At some point in the management of this organization, the policies that have been formulated to ensure that the operations of the firm are smooth and efficient have failed in application. They are no longer effective or efficient in application. This is because they led to the development of bureaucracy in the leadership of the firm. For example, the introduction of decision making on key issues by top managerial staff was a brilliant idea. It was believed that the managerial staff had a good experience hence make wise decisions, but this was not realized. At the moment, the firm has started to involve staff from all levels in decision making.

There have been several constraints in finding solutions for the firm. Initially, this task was left to the managerial staff. However, with their failure staff of all levels are vested with this responsibility especially those in lower levels. It is the lower level staff that have up to date information concerning the needs of customers therefore the solutions which they make have a positive effect in the firm.

Recently, I made the decision to increase production due to a belief that demand would increase due to the increase in the prices of other alternative sources of power. This move did not materialize as the demand of batteries did not increase. We had to reduce their selling price to ensure that we sold more units in the market and realize some profits from the move.

Production forces affects the decision making process of any firm (Mockler, 2002). The employees of the firms have been suggesting an increment in their payment rates. This firm values its employees a lot. They are the strength which has helped us to grow and develop. As a result, we increased their wages by 12%last month. To recover this excess cost, we had to increase the price per unit and minimize marketing costs to gain profits from the venture.

References

Lerner, A. and Soudry, M. (2011) Armed Conflict Injuries to the Extremities: A Treatment Manual. New York: Springer

Mockler, R.J. (2002) Multinational strategic management: an integrative entrepreneurial context-specific process. London: Routledge

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IvyPanda. "Critical Thinking: Multinational Strategic Management." September 23, 2022. https://ivypanda.com/essays/critical-thinking-multinational-strategic-management/.

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IvyPanda. 2022. "Critical Thinking: Multinational Strategic Management." September 23, 2022. https://ivypanda.com/essays/critical-thinking-multinational-strategic-management/.

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IvyPanda. (2022) 'Critical Thinking: Multinational Strategic Management'. 23 September.

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