Defining a global resource allocation strategy on Foreign Direct Investment and its implementation is one of the main challenges companies are facing in today’s global business environment. Resource allocation will influence reputations of companies and may even fundamentally change the economic, social and political climate in countries.
In order to stay competitive, companies are apparently convinced that global resource allocation strategies will given them an unfair advantage and enable them to fund their future growth. Since the impact of resource allocation and location decisions is utmost important, companies can only afford to make one decision, the right one.
In practice however, these decisions are often based on the decision makers’ intuition. The challenges they are facing which are complex, not in the least because of the abundance of data they base their decisions upon, which often is: too fragmented, too in-transparent, too dispersed, too opinionated, too subjective or too less correlated.
It is easy to believe that the decision-making on where “to go or to be” relies upon an situational translation of a perceptible trend. These decisions are often more the result of a “me too” behaviour leading to”me too strategies ” of the decision makers. Me too resource allocation strategies will never provide the necessary competitive differentiators to companies in today’s business environment. Therefore it goes without saying that decisions to (re)allocate resources need to be driven from clear defined strategies and made after careful comparison of selected decision criteria and location possibilities supported by objective systematic resource allocation algorithms and tools.
The Global Arena Ranking Methodology GlobalArenaRank challenges and tackles all the concerns and defeats.
Based on a statistical data reduction methodology, the Global Arena Ranking Algorithm allows management to reduce and translate a multi dimensional business case ( based on multi dimensional business data ) into a mono dimensional ranking of possibilities. A ranking that will pin-point the most favourable (al) location to setup a new or expand an existing company site. All depending on the company and situation specific management requirements and the activities the new site will have to perform.
It is our believe and vision that making our GlobalArenaRank resource allocation algorithm available to companies online for free contributes to more transparency and competitiveness of the FDI Marketplace.
