Major challenges the company faced
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4.Diverse product and regulatory requirements Asia as a market is enormously complex given its diverse languages, cultures, currencies, government regulations, taxes, tariffs, and level of economic development, to name just a few elements. In addition to individual countries’ differences, significant variations also existed within each country.
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In this case, we will focus on the analysis of the first 9 years of IDS’s business strategy, respectively from 1999 to 2001, 2002 to 2004, and 2005 to 2007. Here is the simple introduction of the strategy: (details below)
Three-Year Strategic Plans from 1999 to 2001 In the first three-year strategic plan, the challenges were to manage change and create a new culture. One of the first priorities for IDS was to break down country-based structures and reorganize as a regional company with three business streams and key support functions across Asia. The second priority was for IDS to invest heavily in technology