One of the essential components of strategy formulation is the ability to forecast the state of one's industry in the future. With a fair amount of certainty about the future, managers can use a standard set of tools and analysis to formulate a strategy that best suits their company. However, in reality, the future is […]

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International sourcing is beyond finding an outside supplier to fulfill company's needs. We prefer to view it as a process of gaining access to and further developing suppliers' capabilities, while expanding one's network and product base. At the same time, international sourcing initiatives remind executives of company's core competencies and capabilities. Being a small company […]

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