Question: Your company faced substantial problems when entering a foreign market, you hired a team of consultants to aid you with the situation. Your mini group

Your company faced substantial problems when entering a foreign market, you hired a team of consultants to aid you with the situation. Your mini group is a group of consultants, the other one is the company's top management (you should act according to your role (CEO, CFO, COO, CIO, CHRO, etc.).Answer the questions below to get prepared for a meeting where consultants present their results, and be constructive in evaluating their suggested solutions. You should not communicate with the team of consultants when preparing the answers.You have 30 minutes to answer the questions, consultants have 10 minutes to present the results and another 15 minutes to discuss the results and evaluate consultants' work, to get active participation point for this activity you have to individually demonstrate the knowledge on the course materials DURING THE DISCUSSIONManagers:1. What is the type of strategy the company has implemented when trying to enter a foreign market? And why?(Figure 13.7 p.393)2. What market/country features should the company have taken into account when formulating its strategy? (p.423, table 14.1, define the optimal level of interdependence, performance ambiguity and costs of control).Evaluate current company overall readiness for exports (figure 16.1), outline clear answers to all the questions in the figure.3. What value chain activities should the company centralizeldecentralize based on the identified market/industry/country features and why? (use the instruments from the previous chapters such as hofstedeinsights.com Doing business indicators, WTO international trade statistics, FDI confidence index, Freedom in the world survey, Human rights practices reports (worker rights section), Global Financial stability report, Global retail development index, etc.)4. What were the main mistakes the company made when entering new markets/market? What recommendations can you give for internationalization strategy correction in the current conditions (including justification of the particular entry mode from table 15.1)?5. Please, ask consultants about the types of international Trade Service Providers they recommend to use to fulfil all the requirements of the entering deal

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