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.