Podcast
Questions and Answers
What are some examples of opportunities in foreign markets?
What are some examples of opportunities in foreign markets?
- Partnering with foreign entities (correct)
- Establishing factories or production facilities only
- Selling products and services only
- Acquiring raw materials at higher costs
Which of the following is not one of the six tasks identified for global market opportunity?
Which of the following is not one of the six tasks identified for global market opportunity?
- Estimating company sales potential
- Selecting business partners like distributors
- Assessing industry market potential (correct)
- Conducting internal readiness assessment
What is one key aspect of assessing suitability of products and services for foreign markets?
What is one key aspect of assessing suitability of products and services for foreign markets?
- Overlooking regulatory requirements
- Considering compatibility with target markets (correct)
- Ignoring cultural differences
- Comparing with local competition only
Which task focuses on estimating the potential demand for products or services in selected target markets?
Which task focuses on estimating the potential demand for products or services in selected target markets?
What is a crucial step when screening and selecting qualified business partners according to the text?
What is a crucial step when screening and selecting qualified business partners according to the text?
Which task involves estimating the potential sales a company can achieve in each of the target markets identified?
Which task involves estimating the potential sales a company can achieve in each of the target markets identified?
What is the primary objective of the Organizational Readiness task?
What is the primary objective of the Organizational Readiness task?
Why is it important to assess if international business expansion aligns with other firm goals?
Why is it important to assess if international business expansion aligns with other firm goals?
What aspect plays a key role in determining the company's readiness to internationalize?
What aspect plays a key role in determining the company's readiness to internationalize?
Why is senior management commitment a critical criterion in assessing organizational readiness for international business?
Why is senior management commitment a critical criterion in assessing organizational readiness for international business?
How does using CORE as a Diagnostic Tool aid in assessing a firm's readiness to internationalize?
How does using CORE as a Diagnostic Tool aid in assessing a firm's readiness to internationalize?
Flashcards
Industry Market Potential Estimation
Industry Market Potential Estimation
The process of evaluating the potential demand for a product or service in a specific foreign market.
Product/Service Suitability Assessment
Product/Service Suitability Assessment
Assessing if a product or service aligns with the needs, preferences, and regulations of a foreign market.
Partner Selection
Partner Selection
Identifying and evaluating potential business partners in foreign markets based on criteria like experience, resources, and reputation.
Company Sales Potential Estimation
Company Sales Potential Estimation
Signup and view all the flashcards
Organizational Readiness Assessment
Organizational Readiness Assessment
Signup and view all the flashcards
Strategic Alignment
Strategic Alignment
Signup and view all the flashcards
Competitive Advantage
Competitive Advantage
Signup and view all the flashcards
Senior Management Commitment
Senior Management Commitment
Signup and view all the flashcards
CORE (Commitment, Organizational Readiness, Resources, and Expertise) Diagnostic Tool
CORE (Commitment, Organizational Readiness, Resources, and Expertise) Diagnostic Tool
Signup and view all the flashcards
Risk Assessment
Risk Assessment
Signup and view all the flashcards
Resources and Capabilities
Resources and Capabilities
Signup and view all the flashcards
Study Notes
Opportunities in Foreign Markets
- Examples of opportunities in foreign markets are not specified in the provided text.
Global Market Opportunity Tasks
- Six tasks are identified for global market opportunity, but "assessing the alignment with other firm goals" is not one of them.
Assessing Product Suitability
- A key aspect of assessing suitability of products and services for foreign markets is not specified in the provided text.
Estimating Demand
- The task that focuses on estimating the potential demand for products or services in selected target markets is not specified in the provided text.
Screening and Selecting Business Partners
- A crucial step when screening and selecting qualified business partners is not specified in the provided text.
Estimating Sales
- The task that involves estimating the potential sales a company can achieve in each of the target markets identified is not specified in the provided text.
Organizational Readiness
- The primary objective of the Organizational Readiness task is to assess a firm's ability to internationalize.
- It is important to assess if international business expansion aligns with other firm goals to ensure that the expansion is consistent with the company's overall strategy.
- A company's organizational readiness to internationalize is determined by factors such as its ability to manage and adapt to change.
- Senior management commitment is a critical criterion in assessing organizational readiness for international business because it is essential to have the support and resources needed to pursue internationalization.
CORE Diagnostic Tool
- Using CORE as a Diagnostic Tool aids in assessing a firm's readiness to internationalize by evaluating the company's Culture, Orientation, Resources, and Environment.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
