Question

What elements affect an organization’s ability to compete globally?

Answer 1

Elements such as the Mission and Vision statement helps in defining a definite purpose of existence of an Organization. Hence these statements along with the Organizational values, form the basic elements that help an Organization step globally as per its ability. Further internal factors like Leadership within the Organization, the Communication network that is based, the overall Organizational structure, etc. as well as the external factors like the technological impact upon the Organization’s ability when competing globally, besides various social, economic or political aspects, are also few elements that are to be taken into consideration.