For the past years, the company has maintained a long range of strategic planning at the corporate level by conducting extensive background research on the environment and localities where the company must create a strategy. The company has been working on and leading a wide range of cross-functional teams in the world. As a result, this has enabled the company to build new competencies and strategic initiatives that are important for the implementation and achievement of the corporate strategy. As the U. S. based business (Shopko) seeks to expand into Scotland, the company should have a long-range planning meeting with the senior executives to learn about the external environment and the country.
Prior to expanding to any given region, the company should highlight the key strategic issues that relate to the future of the company and develop strategies that foster growth or development (Nazemetz & Ruch, 2013). There are important reasons why it would be important to expand Shopko in Scotland. For instance, the country has a good supply of natural resources, labor, favorable trade agreements and geographical location, and infrastructure that allow better trading activities beyond the borders.
In addition, the manufacturing industry posses the highest weight in the GDP and this has the ability to create jobs and boost the purchasing and marketing power. The extraction of gas and oil indicates how the country’ s economy is growing tremendously. The country is also rich in minerals and has a strong fishing industry that is crucial in boosting the economy. The country’ s legal system is open to foreign investment because there is no discrimination allowed between foreign and local investors.
As a result, the country becomes the perfect destinations for expanding Shopko. The main strength of political parties in Scotland is that it has been the center of the country’ s democracy. The political parties have enhanced massive social changes brought by oil and petroleum. Political parties play a crucial role in strengthening economic and political power. They dictate how the country functions both locally and internationally in the business world.
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