chapter 7: STRATEGIES FOR COMPETING IN INTERNATIONAL MARKETS

HELLO HELLO HELLO HYE readersssssssssssss! See you again in this entry. So how was your iman today? Hopefully good! By the way, in this entry we will learn about? Hihi. STRATEGIES FOR COMPETING IN INTERNATIONAL MARKETS. so yeeayyyyyy! Smile girls come on!

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WHY COMPETING ACROSS NATIONAL BORDERS MAKES STRATEGY-MAKING MORE COMPLEX

WHY? why why whyyyyyyyyyyy?

THE DIAMOND FRAMEWORK

  Answers important questions about competing on an international basis by:

●Predicting where new foreign entrants are likely to come from and their strengths.

●Highlighting foreign market opportunities where rivals are weakest.

●Identifying the location-based advantages of conducting certain value chain activities of the firm in a particular country.

As a conclusion:

   Profitability in developing markets rarely comes quickly or easily—new entrants have to adapt their business models to local conditions and be patient in earning a profit.