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What is the difference between global strategic management and strategic management in the domestic context?
Wiki User
∙ 14y ago
Strategies are formulated based on environmental forces. Diversity management is more apt in Global context than domestic context. On the face of it formulation of strategies may appear to be same for all markets but the implementation component is impacted by diversity. Thus the domestic Strategic Management differs from Global Strategic Management in several dimensions, the critical of them being being diversity (of all types), Scale, Distances, Exchange Rates and National Policies.
Wiki User
∙ 14y ago
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Leadership is setting where we are going, while strategic management is smartly overseeing the critical issues of how we get there.
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