.Please explain the different stages of Uppsala model of international business involvement or international expansion into foreign markets and summarize its limitations? 2.What are Born Global firms and how such firms internationalization challenged the Uppsala model of international business development?
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1.Please explain the different stages of Uppsala model of international business involvement or international expansion into foreign markets and summarize its limitations?
2.What are Born Global firms and how such firms internationalization challenged the Uppsala model of international business development?
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- Discuss the multi-disciplinary nature of international business. Doyou agree with the comment that “The ‘international’ in ‘internationalbusiness’ is superfluous because globalization has meant that allbusiness is to some degree international”? Please justify yourresponse.Note a research question. Just answer with short notes. Many factors have contributed to the fast growth of International Business. Critically examine the extent at which the following factors have enhanced the growth of International Business: i) Changing political situations ii) Expandedcross-national corporation iii) Expansion of technology iv) Growing consumer pressures v) Increased global competitionSubject: McDonald's and its expansion to the market in Japan Assuming you are the CEO or president of the company, justify the internationalization of the company as a response to globalization. Explain each of the cases in terms of what the multinational companies McDonald's were looking for and the results obtained. Describe the cultural realities faced by McDonald's and their relationship with the cultural dimensions of Hofstede and Trompenaars.
- 15 Globalization engenders _____________ at the global level a. More rivalry b. No competition c. Stability d. Less competition"Many companies struggle with the process of globalization because of an almost insurmountable impulse to pursue international objectives using methods proven and people trained in a company's home country. The global company literature is replete with stories of companies that crossed a national border into a foreign market burdened with assumptions, wholly unprepared for radical changes in their business models." 1. How should we adapt to local conditions? 2. What will you do to prevent your company from engaging in corrupt business practices in China?1. What is globalisation? 2. Discuss two (2) advantages and two (2) disadvantages of globalisation. 3. Utilising Hofstede’s Cultural Dimensions, state the differences in culture between Brazil and Russia? 4. How would you recommend a company deal with the differences in culture when operating in Russia and Brazil?
- Many firms begin global expansion by moving from less risky venturesinitially to riskier ventures in later years. Which of the following globalentry strategy progressions would characterize that type of evolution? a. Direct investment to strategic alliance b. Strategic alliance to exporting c. Exporting to strategic alliance d. Joint venture to strategic alliance e. Direct venture to joint venture“…Nature of the market opportunity, firm’s resources and managerial philosophy affect internationalisation in the business strategy approach, and market selection will result from an evaluation of factors like market attractiveness, psychic distance, accessibility and informal barriers…” Source: (Root, 1987; Turnbull and Ellwood, 1986). Referring to the above statement, critically analyse how international marketers screen emerging markets. Reference should be made to both: (a) General and(b) Specific.Answer all questions A) With relevant examples, compare the absolute advantage theory and the Comparative Advantage theory. What lessons can be learnt from these theories? B) Understanding the beliefs, values, behaviour and material objects that together form a people’s way of life is crucial in International Business. Examine the various aspect of culture that an International Business Manger should consider and how they affect business strategy. C) In the quest to transform the Ghanaian economy, the Government of Ghana introduced the Ghana Free Zones Programme. Critically examine how this programme has added value to the economy of Ghana.
- Set up a company that is expanding from local market to international business. 1) What is the entry strategy to penetrate international market? 2) Explain your company's entry mode such as below: -Exporting -Turnkey Projects -Licensing -Franchising -Joint Ventures -Wholly Owned Subsidiaries -Strategic Alliances 3) What are the Core Competencies during the entry Mode? 4) Explain the Advantages, disadvantages, challenges facing your international trade from the perpective such as below: - Political Policies - socioeconomic impact - trade barriers - organization competitive advantageAccording to theory of international business development the firm's competitive advantages created in the domestic market can facilitate its subsequent internationalization. In this context, please analyze as; what are the firm specific characteristics or competitive advantages created by Khaadi, National Foods, Amir Adnan and Chen One in their home market Pakistan facilitated their international business development. Also analyze whether the stage model of internationalization is applicable to internationalization of these companies.1. If you were a manager for Baskin-Robbins, how would you evaluate a request from a local partner in India to add sugar-cane-flavored ice cream to its menu? What cultural factors would you look at? 2. Do you think Dunkin’ Brands should let local operators make their own decisions regarding flavors for ice creams, donuts, and other items to be sold in-country? How would you recommend that the company’s global management assess the cultural differences in each market? Should there be one global policy?