Unlocking Global Success: Factors Shaping Foreign Market Entry Strategies
Firms deciding how to enter foreign markets have to choose between options like exporting, licensing, joint ventures, or going it alone. Factors like the firm's strengths, the market's attractiveness, and how well the firm can handle international business play a big role in this decision. A study looked at how these factors affect the choice of entry mode and found that they all have a significant impact. The study used a special statistical model to test these effects.