Entry Modes Classification in International Business
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What is the key factor that determines the level of local embeddedness required for a platform to successfully penetrate a foreign market?

  • The availability of local delivery services
  • The location-boundedness of the platform's complementors (correct)
  • The level of platform diversification
  • The size of the local market

    • Which type of platform is most likely to require very high levels of foreign market embeddedness?

  • Platforms with location-independent complementors
  • Platforms that leverage the Internet of Things
  • Platforms with a two-sided business model
  • Platforms with location-bound complementors (correct)

    • How does the entry mode framework discussed in the text differ from traditional entry mode research?

  • It does not consider traditional MNE entry modes
  • It is confined to discrete mode types
  • It considers a continuum of exploration/exploitation and embeddedness (correct)
  • It focuses on non-traditional entry modes only

    • What is the primary purpose of traditional MNEs employing platforms like crowdsourcing or the Internet of Things to access knowledge and resources in new and existing countries?

    <p>To exploit new technologies</p> Signup and view all the answers

    Which of the following is a key characteristic of complementors on sharing economy platforms like Uber?

    <p>They are location-bound</p> Signup and view all the answers

    What is the primary difference in the level of local embeddedness required between platforms like eBay and sharing economy platforms like Uber?

    <p>Sharing economy platforms like Uber require higher local embeddedness</p> Signup and view all the answers

    What is the primary implication of the framework discussed in the text for future IB research?

    <p>It should distinguish platforms based on their characteristics</p> Signup and view all the answers

    How does the entry mode framework discussed in the text differ from traditional IB research on entry modes?

    <p>It considers a continuum of exploration/exploitation and embeddedness</p> Signup and view all the answers

    What is the primary factor that determines the level of local embeddedness required for a platform to successfully penetrate a foreign market?

    <p>The location-boundedness of the platform's complementors</p> Signup and view all the answers

    What is the primary implication of the entry mode framework discussed in the text for traditional MNEs?

    <p>They should employ platforms like crowdsourcing or the Internet of Things to access knowledge and resources</p> Signup and view all the answers

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