Global Business strategies
Read the main case + 2 articles and answer 3 questions
You must use the material completely… try not to use outside sources (you can but don’t lean on too much)
The screenshot is the questions…
Main case is Team wikispeed, the rest are two articles
Always have a little summarize at the beginning like you use to do.
Introduction
Currently, the modern business environment is more competitive than ever, and this is because numerous business outfits have emerged to compete for roughly the same market. Therefore, successful companies are those that devise means which give them a competitive edge over their rivals. One such measure entails the adoption of a practical business strategy. The term business strategy is a workable plan that a business entity uses to compete favorably with other organizations, improve financial performance, achieve organizational goals, and attract new customers. An effective strategy is one that plots a clear guideline on actions that people are encouraged (not) to take for the betterment of the company, thus ensuring that no vital aspect of the business is left to chance. In this digital era, innovations like the internet have driven companies towards globalization, raising the stakes, and making it imperative for companies to adopt effective strategies. Regarding the analysis of business organizations’ strategies, few are as insightful as Team Wikispeed’s case. This paper proceeds on the thesis that Team Wikispeed’s case is a testament to the fact that companies must incorporate novel ideas into their operations if they are to succeed in the business scene.
Embracing Agile
In the quest to assess Wikispeed’s strategy and performance, it is vital to create the proper context in which this discourse shall occur. No article gives more insight into the intricacies of crafting effective business strategies and embracing creativity than Embracing Agile. In this piece, the authors highlight the revolutionary impact of innovation and place a particular focus on the information technology sector to derive lessons that any business entity can adopt (Rigby et al., 2016). They note that innovative Agile methods have radically altered the IT landscape for the last thirty years in software development, quality improvement, and market speed, as well as enhancing the IT teams’ drive and productivity. Rigby et al. (2016) conceptualize Agile’s methodologies as welcome reprieves from the conventional command-and-control model of management.