Best International Strategy and Retrenchment

The best international strategy for businesses with a worldwide customer base, such as Apple Inc., is the multi-domestic strategy which involves modifying a product to address the market demands of a specific market. The approach ensures that the business responds to the customer demands of a specific market hence improving customer retention levels. Companies can also use the retirement strategy, which entails cutting the production of goods-producing minor profits. It helps businesses attain financial stability by focusing on the products that generate the highest profits.

Six Sigma is a unique process through which businesses use statistical data analysis to eliminate or reduce defects or errors in their process. Companies in the manufacturing industry usually use the six Sigma concept. In other fields, it is considered the method that gives businesses tools to improve their capabilities, human capital, and operational processes. Six Sigma has several benefits to organizations.

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