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Discover comprehensive strategies for tapping into global markets effectively, including licensing, exporting, franchising, and more. Learn about key methods like joint ventures and foreign direct investments to maximize your international business success.
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Licensing Additional revenues Extended timeframe Firm may lose secrets Exporting Export Assistance Centers (EACs) Export Trading Companies Franchising Franchise Agreement (Franchisor & Franchisee) Product adaptation Strategies for Reaching Global Markets
Strategies for Reaching Global Markets Contract Manufacturing • Outsourcing • Experiment in new markets and/or meet unexpected increase in orders • Major disadvantage: Laws are different International Joint Ventures and Strategic Alliance • Benefits • Shared technology, marketing, risk, market entry • Greenfield investment • Strategic alliance
Strategies for Reaching Global Markets Foreign Direct Investment • Foreign subsidiary • Expropriation • Multinational corporation