Please respond to the following: When organizations are successful in their home base, they look into expanding to countries where their business will benefit the customers and make them more profit. Analyzing the factors on how an organization should expand into a new country is very important in developing their business plans. The factors that influence an organization’s choice of entry mode varies from company to company based on their performance. Some of these factors include but isn’t limited to Trade barriers Market growth and size Government regulations Market competition, etc. The entry mode for an organization is a major trigger in starting a business in a new country. Aligning the entry mode with the organization’s business strategy and goals allow the organization to be navigated efficiently for a higher performance in the new country they’re opening up in. Understanding the influences in the country will help the organization with marketing and promotion.
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