Discuss the considerations relevant to a firm in determining the extent to which it should become involved internationally. Identify the three corporate profile options. When should each be employed? Under what four conditions might a stability strategy be preferable to a growth strategy? What is a turnaround strategy? When should it be employed? When is internal growth preferable to external growth? When is external growth more appropriate? Explain. What is the difference between a "Strategic Alliance" and a "Joint Venture?" What are the advantages and disadvantages of corporations operating in a centralized or decentralized fashion?