What are the different international strategies adopted by companies?
What are the different international strategies adopted by companies?
a.Exporting: Goods manufactured in the domestic country or home country are sold to foreign nations.
b.Licensing: The firm enters into an agreement with the foreign market, providing the right to use a process,trademark,patent or any other valuable item for a fee or royalty.
c.Joint Venture: in which domestic firm enters into contract with the international firm.
d.Direct investment: where the company invests in manufacturing or assembling.
e.Management contracting:The company may undertake certain projects of another nation and provide the know how required.