Lesson 3: GLOBAL STRATEGIES: PRACTICES AND ISSUES Managers face difficult and exciting challenges today. A global economy in which world-class quality is the ticket to ride increased diversity in the workforce, and calls for more ethical conduct promise to keep things interesting. The challenge for today's and tomorrow's managers is to be aware of specific changes, along with the factors affecting such changes and their likely impact on the business organizations. The world is shrinking rapidly where cross-cultural skills are a must. Coverage of product and service quality has been significantly increased. Diversity among consumers has also increased by leaps and bounds and managers are challenged to manage this diversity by keeping themselves abreast of the latest happenings. Managers who know more than just management are required today. Those who can value people, communicate well, solve problems, see the big picture and work hard are the precious human material wanted by the organizations. A manager, who can visualize these changes and understand the dynamic character of the global business environment can survive in the industry. CONTINUE READING ON THE ATTACHED FILE. Assignment No. 3

1. Discuss the need and different forms of corporate restructuring
2. Discuss the following: a. BCG Matrix b. TOWS matrix c. DPM matrix d. General Electric Business Screen Portfolio analysis technique. e. SPACE as a technique of portfolio analysis. f. Profit Impact of Market Strategy Model g. Organizational culture
3. Explain the process of management of strategic change.
4. Discuss the steps involved in corporate renewal or turnaround strategy.
5. What are the causes of resistance to strategic change and the measures to overcome such resistance?
6. Describe the strategies for competing in international markets.