4.Internationalization Internationalization is the process by which firms increase their awareness of the influence of international activities c on their future, and establish and conduct transactions with firms from other countries
4. Internationalization Internationalization is the process by which firms increase their awareness of the influence of international activities on their future, and establish and conduct transactions with firms from other countries
4.1 Perspective:Out-war In-ward-Looking Internationalization has both inward looking and outward looking dimension. The outward-looking perspective incorporates an awareness of the nature of competition in foreign markets,and includes the following modes of activities: a.Exporting B.Acting as licensor to a foreign company c.Establishing joint ventures outside the home country with foreign companies d.Establishing or acquiring wholly-owned b businesses outside the home country
4.1 Perspective: Outw ar & Inward-Looking Internationalization has both inward looking and outward looking dimension. The outward-looking perspective incorporates an awareness of the nature of competition in foreign markets, and includes the following modes of activities: a. Exporting B. Acting as licensor to a foreign company c. Establishing joint ventures outside the home country with foreign companies d. Establishing or acquiring w holl y-ow ned businesses outside the home country
Internationalization affects firms in equal important ways from an inward-looking perspective,which incorporates an awareness s of the impact of Multinational Corporations (MNCs)on the ability of domestically oriented firms to compete.The related modes of activities include: a.Importing/sourcing " b.Acting as licensee from a foreign company c.Establishing joint ventures (JVs)inside the home country with the foreign companies d.Managing as the wholly subsidiary of a foreign firm
Internationalization affects firms in equal important ways from an inward-looking perspective, which incorporates an awareness of the impact of Multinational Corporations (MNCs) on the ability of domestically oriented firms to compete. The related modes of activities include: a. Importing/sourcing b. Acting as licensee from a foreign company c. Establishing joint ventures (JVs) inside the home country with the foreign companies d. Managing as the wholly subsidiary of a foreign firm
4.2 Dimensions Competition-driven strategy -Adaptation Governance and entry modes
4.2 Dimensions Competition-driven strategy Adaptation Governance and entry modes
Competition- driven strategy Adaptive strategy Governance mechanism and Entry Modes
Governance mechanism and Entry Modes Competitiondriven strategy Adaptive strategy