Strategies that businesses use to access customers around the world (licensing, franchising, exporting, and foreign direct investment), choose one strategy that you feel would be best for your business. Discuss what countries you would target with this strategy and why you chose these countries. Also, be sure to discuss the advantages of the strategy you chose and how these advantages best suit the needs of your specific company. Also, be sure to address possible negative aspects of the strategy you chose and explain why these negative aspects did not stop you from choosing this methodology.

Part II: Now discuss one strategy that you did not choose and explain in detail why you feel this strategy is not in the best interests of your company in terms of trying to get your product or service to customers from around the world. Be sure to address the disadvantages of this strategy and why your specific company would want to avoid these negative aspects. Additionally, be sure to address the positive aspects of the strategy and explain why your company still did not choose this strategy, despite the advantages you mentioned.

Part III: Choose the ownership type that you feel would be best to use if you decided to start and operate your own business. You can talk about the business that you have used for previous assignments, or you can talk about a real business that you may create in the future. Be sure to explain in detail why you chose this ownership type. Specifically, discuss why the advantages of this ownership structure appeal to you and your particular business, and why the disadvantages that come with it did not stop you from choosing it. Choose one of the three traditional ownership types (proprietorship, partnership, or corporation). However, if you feel that you definitely understand one of the hybrid types (limited partnerships (LPs), limited liability partnerships (LLPs), limited liability companies (LLCs) or S Corporations), you can choose one of them instead.

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PART 1 I choose licensing as my business strategy as discussed below LICENSING Licensing involves obtaining permission from a company licensor to manufacture and sell one or more of its products withi... View the full answer