Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ENTRY MODES Now that you know quite a bit more about your company/product and bout the country with which you intend to do business, please,
ENTRY MODES Now that you know quite a bit more about your company/product and bout the country with which you intend to do business, please, think about: 1 The level of control you wish to have over the operations in this country. For example: if your product is hi-tech, you may want to have more control over the operations: for quality control purposes, for intellectual property/know-how protection purposes, etc.... This choice of level of control depends, among other things, on the level of protection of, and the level of enforcement of the laws on, intellectual property rights in the host country. Also, the level of regulations and standards in the host country, the level of protection of your company' brand image you will need (the stronger the brand image the more important it is to protect) etc. 2 The level of risk you are willing to take in this country. Usually, the more investment in the host country, the more risks the company faces (political risks, risk of knowledge spillovers-when your know-how or technology is stolen, risk of being nationalized or expropriated, etc.). Think about whether the economy is open and strong enough, whether there is large enough market for you to enter and in which to take risks, whether the political climate is stable enough, whether the country is open to FDI and protect foreign companies' investments, etc. 3 Then, think about which entry mode would be best for you in this country. Are you confident enough that you know the market and are capable to go alone? Do you need a partner with the market knowledge to help you penetrate the market? If the government seems unwilling to accept FDI, would having a partner in the host country help protect your assets there? All these things are elements that will help you decide of an entry mode (exporting, licensing, franchising, joint venture, strategic alliance, wholly owned subsidiary, and other more detailed options you can find in your book). 4 which entry mode will be best to use when launching a apple newest IPhone in Thailand ? And why do you think it's the best
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started