Organizations stay successful by fine-tuning or by radically
altering their activities in response to the changing market
conditions. The companies that will succeed in today’s
global market environment will be the ones that have built a
business strategy based upon a strong and well-developed
local market position.
The
Saudi companies of tomorrow will be facing many challenges
today. Their major task is to identify and then
restructure the core strengths of their businesses. Once the
required adjustments have been made, these can be applied to
the development of their strengths in their local markets
and become a key to their success at the regional level.
This
will also help the development of the company’s competence
to the level required in facing the global competition when
the countries in the region joins the WTO.