VENTURING GLOBAL: STRATEGIC ALLIANCE AND CHALLENGES

This article communicates some strategies for venturing global between United Kingdom, United States and West Africa that are three different regions of the world. In today’s environment it is imperative to identify opportunities for growth, sustainability and rethinking globalization to maintain a competitive edge. Company executives must be committed, and involved while building relationships. Allowing for flexibility is very important knowing that global initiatives as an excellent idea today might be different the next day. For instance, United States companies are motivated to establish overseas business locations because of lower wages paid for labor, absence of employee benefits to pay for operations in the foreign countries, exemption from environmental and safety regulations with no obligation to remit foreign taxes when products are exported. Also, the levies that United States established businesses pay to overseas management in form of property and corporate income taxes are enormous. Corporations in a foreign country are the recipient of hefty tax rebates which is an opportunity that many companies want. Therefore, strategic alliance between United Kingdom, United States and West Africa would be beneficial for the three countries in today’s fast paced global economy