Global Business and Political Forces Case Study Essay

Walgreens locoweed C-Level Executives will shake off to consider the ball-shaped Business and Political Forces associated with their Global International Expansion intentions into the Country of Brazil during the period of (2014-2016). AnalysisThe severalize issues Walgreens Corporation C-Level Executives pose to face would be attempting a massive ball-shaped expansion and creating bleak value innovation within that new world(prenominal) market. The want and need to expand internationally into Brazil might probablely ca role the Comp any(prenominal) to lose its current top stepd status quo and thusly could hazard their Companys name and rising success rate if prior strategic planning is not done properly. Current contention in the same U.S Market looking to expand internationally much(prenominal) as CVS could also pose and cause a potential holy terror to Walgreens expansion plans.However, the Brazilian market is even more competitive because Brazilian Companys already know how to operate in that rustic and are already familiar with the areas region. Therefore, their capabilities of gaining access to information and expertise about(predicate) where the amply demand for property expansion location sites would be at to open a new booming business, stands to be greater than that of separate countries outsourced investors or foreign Companys looking to expand.Related assumptionsWalgreens would have to be able to maintain a competitive advantage guide on globally, so creating an exclusive brand pertaining to that specific region of the country, as advantageously as, maintaining or improving their current Prescription Savings Club course of study and product line seems essential to their international expansion success. In array to stay ahead of the game and beat out any ambition Walgreens C-Level Executives will need to focus on its core competencies and strengths. These practices are dismission to be critical when serving a diverse Country, while maintaining Walgreens long tradition of fairness, trust and honesty. ((2013). Company Overview). AlternativesThere are several utility(a) actions the C-Level Executives can take for that would include the following First, concern must actively gauge and manage any potential semipolitical adventures involved when do global expansion coronation conclusivenesss and then continue to monitor those associated risks on a routine basis. Political forces and risks that could impact Walgreens are going to be subject to change, so it wont be considered enough to evaluate those risks however once before the decision to invest has been made.Executives of Walgreens must take an active progression and monitor political risks all the sentence and use those findings to their advantage by take toing those methods strategically towards any other investments, operative plans and any other future decisions. Therefore, management over political forces must be implemented into Walgre ens operating business practice and processes, in order to encourage their investments. (PwC consultive and Eurasia Group.) Secondly, obtaining reliable, accurate information and interpretation of international business risks operate to be roads blocks at times for executives seeking to better their decision making through evaluation of political risk.Therefore, the use of multiple world-wide sources in which provide up to date, extremely accurate information that has not only been analyzed but also prepared by top risk managers should also be considered as part of an ongoing systematic approach to political risk management. (PwC Advisory and Eurasia Group.) Thirdly, To avoid any future fatebacks from competitors such as CVS and similar Drugstore/Retail chains, Walgreens will need to take a shit and invest in a new value of innovation to stir their diverse customers experience.I believe Walgreens strengths lies in the feature that they have their own unique branding style an d a high level of ethical quality in the way they perform their business practice, so by enhancing their current U.S. loyal customer connections over into their potential new global customers they stand a better chance to set themselves apart from CVS and any other competitors they might be faced with along the way. EvaluationInternational partnerships increase challenges but also create new ideas in new markets that can then be translated back to US markets. Because all companies, even primarily domestic ones, are affected by politics to somedegree, all need a baseline of political risk management activity. At a minimum, company management should be aware of how political risks affect business processes, and they should factor these risks into both investment decisions and general risk management.RecommendationMy suggestion would be that the C-Level Executives when operating internationally should carefully analyze their current approach to political risk management and determine w hether it is contributing to their current business performance strategy as efficiently or effectively as it could and should be or having and unfavorable effect, taking away from it instead. Once carefully reviewed and evaluated they should find areas for improvement and illuminate changes accordingly to ensure a better business obtainment plan for the following (2014-2016) timeline. ImplementationLong-term sustainable success internationally depends in good part on a companys business leader to grasp the implications of political risk and apply them to business risk. By embedding political risk considerations in normal business processes, companies enable management to conciliate better decisions regarding global expansion, sourcing, branding, intellectual property protection, community and government relations, operational structures, and other business issues that arise in complex international markets. (PwC Advisory and Eurasia Group.) ConclusionUltimately, any company loo king to expand globally has to be willing to take risks, but its also essential to their future developmental successes that before taking that huge leap to expand internally that they become extremely aware of the high stacks and potential risks involved. In general, the more a company ventures beyond its home country physically or through outsourcing the more it increases its exposure to political risk.Companies should keep in mind, however, that even a minor investment involving a major risk or opportunity can have a material impact. sustainable success internationally depends in good part on a companys ability to grasp the implications of political risk and apply them to business risk. Mark Wagner, Walgreens Executive Vice President Operations & residential area Management had this to sayOur customers come from all walks of life, and it would be impossible for us to serve them well if we developed identical, instead of individual needs. Ive free-base the best way to recognize individuality is by taking time to learn about diverse interests and their background. Everyone has needs, wants and expectations and as managers, its our job to develop that strategy and exceed those expectations. (Walgreens outlines strategy to analysts.)