Question: Global Light Bearers Limited ( GLBL ) is considering entering a new market in a foreign country. After conducting a Porter's Diamond analysis, they found
Global Light Bearers Limited GLBL is considering entering a new market in a foreign country. After conducting a Porter's Diamond analysis, they found that the related and supporting industries in that country are welldeveloped and can provide the necessary inputs and support for their operations. However, the country's demand conditions for their product are low. According to Porter's Diamond, what is the likely implication of this analysis?
Group of answer choices
GLBL should prioritise the new market entry as the supporting industries are strong.
GLBL should focus on exporting rather than establishing local operations.
GLBL should seek government support to improve the demand conditions.
GLBL should reconsider entering the market due to low demand conditions.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
