Companies tend to begin their internationalization process in countries that are culturally very close. For instance, U.S

Question:

Companies tend to begin their internationalization process in countries that are culturally very close. For instance, U.S based companies would enter Canada and/or the United Kingdom first, before moving on to other countries. The so called psychic distance between the United States and Canada (or Britain) is small given that these countries are supposedly very similar. A recent survey, however, found that only 22 percent of Canadian retailers felt that they were operating successfully in the United States. Explain why culturally close countries are not necessarily easy to manage.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Business Research Methods

ISBN: 9780367196189

4th Edition

Authors: Joe F. Hair, Michael Page, Niek Brunsveld

Question Posted: