List five of the nine major reasons why an entrepreneur would go global Quizlet

Export departement
+ unified under one departement
+ very efficient, small resource commitement
- minimal learning about foreign market
- focus on the domestic market
(home replication strategy)

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What are the major reasons why an entrepreneur would go global?
What are the five main reasons that firms expand into international markets quizlet?
What are the major factors one must consider when going global?
What are the five reasons a company may decide to enter a foreign market?

International Division
+ greater focus on internationalisation
+ development of international expertise
- potential for fierce competition
- limited knowledge sharing among the foreign units and with headquarters
(home replication strategy)

Geographic Area Structure
+ great responsiveness to customer needs
+ improved communication and coordination among the subsidiaries within each geographic region
- limited knowledge sharing among the foreign units and with headquarters
- geographic area managers' lack of global orientation for developing and managing products
(localization strategy)

Product Structure
+ individual product lines are coordinated and managed
+ development of expertise with specific products, on a global basis
- duplication of corporate support functions for each product division
- possibility that HQ may favour subsidiaries offering fastest returns
(global standartization strategy)

Functional Structure
+ provides strong central control and coordination
+ high degree of functional structure
- may not respond well to specific customers needs in individual markets
(global standartization strategy)

Global Matrix Strucutre
+ aims to combine geographic area, product and functional structures
+ leverages the benefits of global strategy while responding to local needs
- can result in conflict between managers
- difficulties managing many subsidiaries or products
(transnational strategy)

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What are the major reasons why an entrepreneur would go global?

For businesses and organizations still undecided about entering foreign markets, here are five compelling reasons why companies go global..

Lower Your Competition in Growing Markets. ... .

Offset Fluctuations in Your Local Market. ... .

Improve Your Margins. ... .

Jump on a Unique Opportunity. ... .

Respond to Demand..

What are the five main reasons that firms expand into international markets quizlet?

What are the five main reasons firms expand into international markets? Growth, efficiency, managing risk, knowledge, and responding to customers or competitors.

What are the major factors one must consider when going global?

However, there are several basic things to consider before beginning work with an international client that will help prevent minor glitches from turning into major problems..

Time Zones. ... .

Language. ... .

Culture. ... .

Legalities. ... .

Payment. ... .

Communication..