Strategic Management in a Global Environment Assignment - 2

Strategic Management in a Global Environment - Assignment Example Other issues that may also arise include the lack of infrastructure which may result to challenges during distribution of the products and supply management. In order to conquer entry barriers, the market has to choose to go it alone, form partnership or employ local players. c) Strategies to build profitable position. After finding entry strategies, the next thing leaders should focus on is ways on creating defensible position that will meet the businesses long term goals (World Bank & International Finance Corporation, 2013). This can be achieved through understanding of their competitors, marking the target customers and finally through configuration of their local operations in order to deliver your capabilities efficiently. BRICS is an acronym that stands for an association of some five emerging global economies. The members of this association hail from developing countries or the newly industrialised countries. The distinguishing factor is that these countries have fast growing economies and they hold great influence on both global and regional affairs (Pant, 2013). Despite the praise the BRICS get from their commentators, they have received criticism as well. For instance, they are said to be defenders as well as promoters of developing states. BRICS is likely to face some issues in the coming decade due to a number of factors. For example, the West is yet to accept that the group is running by itself. With the creation of BRICS development bank, western analysts cited that BRICS states were very different and therefore could never agree. The other issue within the BRICS is the quantity of the stated issues in the Fortaleza Declaration as well as the Action Plan (Stuenkel, 2014). This is because some parts of the document were largely criticised. One scholar Alan Alexandroff wrote that the group was â€Å"almost breathtaking chutzpah† in condemnation of the groups’ unilateral action. He argued that â€Å"no state should