Strategic Management: Strategic Managment Gregory G. Dess,
University of Texas at Dallas G.T. Lumpkin,
University of Illinois--Chicago
International Strategy: Creating Value in Global Markets
Chapter ObjectivesChapter 7
After reading this chapter, you should have a good understanding of:
- The importance of international expansion as a viable diversification strategy.
- The sources of national advantage, that is, why an industry in a given country is more (or less) successful than the same industry in another country.
- The motivations (or benefits) and the risks associated with international expansion.
- The two opposing forces—cost reduction and adaptation to local markets—that firms face when entering international markets.
- The advantages and disadvantages associated with each of the three basic international strategies: global, multidomestic, and transnational.
- The four basic types of entry strategies and the relative benefits and risks associated with each of them.
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