As a highly admired international entrepreneur, you have been invited to give a speech on the need to adapt products and services when entering into global markets. Explain to your audience three reasons why localization or adaptation may need to be done by firms to ensure the success of the product or service in the foreign markets. Provide relevant examples in your explanation
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As a highly admired international entrepreneur, you have been invited to give a speech on the need to adapt products and services when entering into global markets. Explain to your audience three reasons why localization or adaptation may need to be done by firms to ensure the success of the product or service in the foreign markets. Provide relevant examples in your explanation
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- Studying international business is important for all the following reasons except for ________. A) It explains why a government is motivated by profit. B) An understanding helps you decide what governmental policies to support. C) The best way of conducting business may differ by country. D) It helps managers to decide where to find resources and to sell. E) Modes of operations may differ from those used domestically. F) Most companies are either international or compete with international companies. G)An understanding helps you make better career decisions.What are the advantages and disadvantages of Exporting, Investing, Joint Ventures, Franchising, and Strategic Alliance in international business or foreign markets? Less than 100 words only please.You are a businessperson who speaks only English. Your company does business primarily in Colombia, Venezuela, Brazil, and Argentina. Which of the following is likely to be both feasible and beneficial to your ability to conduct international business? A) learning Polish, French, and Korean B) learning Arabic C) improving your command of English D) learning Spanish or Portuguese E) learn bits and pieces of French, Polish, Korean, Portuguese, and Chinese
- When considering entering international markets, there are some significant strategic and tactical decisions to be made. Each entry mode has different pros and cons, addressing issues like cost, control, speed to market, legal barriers, and cultural barriers with different degrees of efficiency. In this perspective, discuss any two methods of doing business internationally. You are also required to briefly discuss advantages and disadvantages. Use real life examples to support your answer.Put simply, International Business is the means that enables the ends of Globalization. A) True B) False"All commercial transactions between two or more countries, including sales, investments, and transportation, that need be managed carefully, are classified as international business." Explain the job of a manager in the management of an international firm in order to help the company succeed
- Instructions: Analyze and answer the following questions A US Company plans to sell farm equipment in a country in Asia. This country traditionally had not conducted business with companies outside of its geographic region. Answer these questions for the US company. What geographic factors might influence the company's international business activities?Kindly elaborate your answer. Thank you so much!Identify and explain any three risk factor barriers that commonly hinder a firm’s internationalization efforts. How would your firm, or a firm of your choice manage these risks?What are the positives and negatives associated with being an international business traveler
- Please pick one product which is not available in the United States and how it can be "localized/adapted" when it enters into the U.S. market and discuss why.China and India have been the world's fastest-growing economies in recent years, and Brazil is becoming a major force in international commerce. Write a short essay that summarizes how these three countries are changing the landscape of international business, and describe the arena in which each excels. Then choose some type of business that you would like to be involved in, and describe how and why you, as a manager in that business, would choose to work with other organizations in one of these three countries.Explore two possibilities a company can enter a foreign market such as exporting, foreign direct investment, and collaborations (joint ventures, alliances, licensing, franchising), and evaluate the pros and cons of each method. Which types of products and services would be appropriate for each market entry method?