BUS 130 Study Guide - Midterm Guide: Foreign Direct Investment, Raw Image Format, Franchising
Document Summary
Discuss how and why globalization" as a concept has been and continues to be the. Outline any two ways in which the concept of globalisation may. The prices, risks, ease of implementation, and rewards of these foreign market entrance techniques vary widely. I have plotted these five ways of entering foreign companies on a graph to show the trade-offs in each entrance technique (neubauer, 2019). When a firm adopts a global strategy, it sacrifices efficiency to be more responsive to the requirements of its customers in each of its markets. A more accurate description would be that this technique goes against what is considered standard in the multifamily industry. When developing a global strategy, it is important to realize economies of scale by offering the same products or services in each market, even if minor adjustments are made in various locations. This is the case, for example, with microsoft, which offers the same software in several different languages.
