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Weekly Reflections

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Team C – Weekly Reflections II
MGT/498
University of Phoenix

Team C – Weekly Reflections II Team Cs paper this week considers the three objectives put forth in the syllabus and the level of difficulty each objective represents. The first is objective 3.1, estimate the sustainability of long-term business operations did not warrant a comment. Objective 3.2 explain how the global market affects business strategy was least difficulty and objective 3.3 construct a long-term strategic management plan for sustaining organizational performance was the most difficult. This week Team C is more comfortable with objective 3.2 because this objective relates to the way global markets affect business strategy. Global strategy and globalization changes the way firms conduct business. Technology advancements open new doors and causes organization to compete worldwide by means of the Internet. Therefore, organization strategies are more complex because the strategy must include certain aspects of business such as outsourcing, taxes, and global competition. Outsourcing did not always exist but is currently a popular trend, which helps businesses become more efficient, operate with better quality, and reduce operational costs (Wheelen & Hunger, 2010). However, taxes change when organizations operate globally and at times companies can pay taxes in multiple countries. Competition is another concern as mentioned above because competition is broader than before. Competition also means considering how to be competitive when conducting business overseas in the local market. In connection, one team member works for a global company unafraid of change and adapts to consumer needs regardless of the country. In fact, when the economy fell, the company restructured itself and went from a product profit company to a customer profit company. Another

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