Expanding the organization_JessicaGreene

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EXPANDING THE ORGANIZATION Jessica Greene MGT/576 12/11/2023 Dr. Louay Chebib

AGENDA • Target expansion into China • Analysis of the elements of the Diamond National Advantage • Forces that will help Target be successful • Forces that hinder Target • Required leadership actions aligned with Burkus (2012) • Recommendation • Conclusion • References

CHINA • China is highly populated • Is in East Asia • Second largest populated country • World leader in gross value of industrial output • Target can elevate the organizational success • Integration will help navigate cultural differences • Broader talent workforce

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DIAMOND NATIONAL ADVANTAGE: FACTOR CONDITIONS • Population density is high • Cheaper and larger workforce • Increase in population growth • Availability of capital resources • Availability of natural resources • Technological innovations • Large-scale infrastructure

DIAMOND NATIONAL ADVANTAGE: DEMAND CONDITIONS • Domestic market size • Customer demands • Purchase behavior of customers • Interest rate reduction Increase market scale for organization • Innovate and improve product quality • Gain insight of customers needs

DIAMOND NATIONAL ADVANTAGE: RELATED AND SUPPORTING INDUSTRIES • Larger manufacturing base • More products for consumers • Rival industries presence • International suppliers • Stable market • Larger client base

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DIAMOND NATIONAL ADVANTAGE: INDUSTRIAL RIVALRY • Expect competition from other retailers • Helps in planning for competition • High competition with global market • Regulations by government enables stability • Structure of Target • Crucial to enhancing innovation • Efficient and highly quality inputs • Timely feedback

FORCES TO PROMOTE SUCCESS • Strategic focus • Hiring qualified talent • Effective and efficient processes • Establish core values aligned with customers • Establish new targeted demographics • Customer satisfaction focused • Ensure financial resources are allocated • Trained employees

FORCES THAT HINDER • Differences in culture • Changing market • Competition from local organizations • Poor resource management • Language barriers • Government policies and laws • Inflation rates • Managing a global team

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LEADERSHIP ACTIONS • Train employees to align with the culture • Delegate authorities and power decentralization • Prepare employees and organization for global change • Adapt to new culture • Builds relationship with employees • Properly manage teams • Ensure workers have cultural literacy

RECOMMENDATION AND RATIONALE • Get to know and understand the Chinese culture • Adapt products to meet the needs of the market • Flexible and adaptable team • Target the market • Adjust the US outlet to match Chinese customers • Expand and develop in a rapidly growing economy • Gain knowledge and understanding of the culture and economy

CONCLUSION Expanding an organization can be a challenging task. It is important to consider the organizational factors in translating a growth strategy into reality. “Forbes Business Council outlines 13 key considerations that business leaders should consider prior to expanding. These include doing due diligence, knowing your numbers, keeping company culture top of mind, ensuring you don’t lose quality, focusing on innovation, considering team expansion options, understanding organizational limits, and doubling down on strengths”. (Forbes Business Council, 2021). Before expanding your organization, it’s important to evaluate your business and ensure that it’s ready for expansion.

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REFERENCE • CIA. (2023, December 6). China . https://www.cia.gov/the-world-factbook/countries/china/ • Cote, C. (2020, November 24). 5 COMMON CHALLENGES OF INTERNATIONAL BUSINESS YOU SHOULD CONSIDER . Harvard Business School. https://online.hbs.edu/blog/post/challenges-of-international-business • Expert Panel, Forbes Business Development Council. (2020, June 8). 13 Factors To Ensure Sustainable Business Growth . https://www.forbes.com/sites/forbesbusinessdevelopmentcouncil/2020/06/08/13-f actors-to-ensure-sustainable-business-growth/?sh=516f61865279 • Forbes Business Council. (2021, February 24). 13 Key Considerations Before Expanding The Business . https://www.forbes.com/sites/forbesbusinesscouncil/2021/02/24/13-key-considera tions-before-expanding-the-business/?sh=19dc42e12906 • Kelly, N. (2019, July 5). 5 Ways to Foster a Global Mindset in Your Company . Harvard Business Review. https://hbr.org/2019/07/5-ways-to-foster-a-global-mindset-in-your-company#:~:te xt=Consider%20placing%20key%20hires%20in%20other,decisions%20that%20b enefit%20the%20international%20business.&text=Consider%20placing%20key %20hires,benefit%20the%20international%20business.&text=key%20hires%20in %20other,decisions%20that%20benefit%20the • THE INVESTOPEDIA TEAM. (2023, June 7).

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