Provide the reasons as to why companies go international. What additional factors contribute to the increased international business activities in the recent years?
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- What are the factors and approaches that organizations can take when deciding to go global?Can you answer these please? Outline and explain what three (3) factors have contributed to the growth of Globalization in recent decades? Suggest three (3) reasons why companies engage in International Business?With international expansion, there are strategies for expanding internationally, list and explain these strategies and their impact on the business.
- 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 advantageIncreased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in seeking better financial incentives, stronger networks, and markets of opportunities. But at the same time, the complexities in terms or risks involved in international operation are more than domestic firms -Discuss how to manage cultural risks and other factors related to a foreign operation of a multinational business. Is cultural, business, or political risk more challenging to overcome than one of the others? Why or why not? How should American standards influence multinational businesses?What is the difference between international business and globalization? What are the advantages and disadvantages of globalization?
- Prepare to discuss an multinational enterprise's (MNE’s) decision to expand into new areas. Discuss the following scenario: After becoming the president of the multinational enterprise (MNE), your board of directors has instructed you to begin the process of expanding to the Asian Pacific market. What market opportunities, sourcing advantages, strategic imperatives, and transnational strategies should you consider when expanding abroad?What are the different structures of international business, such as joint ventures, subsidiaries, and strategic alliances, and what are the advantages and disadvantages of each structure in terms of operational efficiency, risk management, and global market penetration? How can management effectively navigate these structures to achieve long-term success in the international marketplace?What different types of businesses operate in the international environment? Why are the techniques and strategies available to these firms different? Explain.
- How might globalization be a problem for a successful national company that is intent on going international? What advantages would the national company have by going international?2 a) Outline and explain what three (3) factors have contributed to the growth of Globalization in recent decades. 2 b) Suggest three (3) reasons why companies engage in International Business? PROVIDE EXAMPLES TO JUSTIFY ANSWERSThe methods of engaging in international business may be categorized as eitherdirect or indirect. How would you classify each of the methods of internationalbusiness? Briefly explain under what conditions should each of these methodsbe used?