Describe the basic entry strategies that firms have available when they enter international markets. What are the relative advantages and disadvantages of each?
Answer to relevant QuestionsThe United States is considered a world leader in the motion picture industry. Using Porter’s diamond framework for national competitiveness, explain the success of this industry. Business practices and customs vary throughout the world. What are some of the ethical issues concerning payments that must be made in a foreign country to obtain business opportunities? What do the term competitive dynamics mean? What are the main advantages of “contemporary” control systems over “traditional” control systems? What are the main differences between these two systems? How can a strong, positive culture enhance a firm’s competitive advantage? How can a weak, negative culture erode competitive advantages? Explain and provide examples.
Post your question