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Which entry modes do you know?

They are classified into three different groups: export, intermediate and hierarchical modes. Inside the export entry modes there are the indirect, reactive, passive and direct modes. Inside the intermediate entry modes are three types-> Licensing, franchising and strategic alliances and joint ventures and finally, in the hierarchical entry modes are six different types, but there are two significant the greenfield and the acquisition.

Is there any mode better than other? No, there are different, it depends on the companies needs. Is it possible to combine different modes? Yes.

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Which entry modes do you know?

I now know many modes: export modes (indirect, reactive, passive, direct), intermediate modes (licensing, franchising, JV and strategic alliances) and hierachical entry modes (foreign sales subsidiaries, sales/production subsidiary and foreign direct investment).

Is there any mode better than other?

The suitability of a mode or another will be determined by internal factors (the situation, resources and vision of the company) and external factors (market data, competitors, regulations...).

Is it possible to combine different modes?

Yes it is. Companies can take advantage of the pros of different entry modes and use packages of modes.

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Which entry modes do you know?

After studying the different market entry modes, now I know that there are classified in three groups (with their modes): export modes (indirect, direct, rective and passive) intermedite modes (licensing, franchising, strategic alliances and joint ventures) and hierarchical modes (creation and acquisition).

Is there any mode better than other?

No, neither is better than the other, they are simply different. It will depend on the company's situation and the risk, control, flexibility and cost it wants to assume.

Is it possible to cobine different modes?

Yes, several entry modes can be combined. An example would be a company that uses franchising and acquisition at the same time.

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1. Entry modes encompass various strategies such as exporting, licensing, franchising, joint ventures and wholly owned subsidiaries, each with distinct advantages and challenges tailored to different market conditions and business objectives.

2. The superiority of a particular entry mode depends on the context, depending on factors such as market characteristics, regulatory environment, resource availability and risk tolerance. There is no one-size-fits-all mode; it is a matter of finding the best fit for specific circumstances and objectives.

3. Combining modes of entry can be a strategic approach to leverage the strengths of each method and mitigate their individual weaknesses. For example, a company might use exporting to test a new market initially and then establish a joint venture or wholly owned subsidiary for deeper market penetration and greater control.

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Do you know any market entry mode?

Indirect Exporting through intermediaries, Direct Exporting, Subsidiaries, Acquisition, Direct Exporting, Joint Ventures, Alliances and Presence

Do you think there is an entry mode better than others?

Keeping the answer given in the pre padlet, there is no better or worse entry mode. I would say that depending on the company’s objectives it will be better one or another. Moreover, the company’s market and the product's characteristics also have a great impact on the entry mode choice.

Do you think it is possible to combine different entry modes?

It is possible, and I would say that it is one of the best ways to enter a market as you can use each one depending on the needs such as objectives, investment, risk or suppliers and customers distance. This approach allows companies to leverage the advantages of each entry mode while mitigating the risks associated with a single mode of entry. Each mode offers its own set of advantages and disadvantages, and the combination of modes can help a company achieve its internationalization goals more effectively.

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1. What entry methods are you familiar with?

Export methods (indirect, reactive, passive)

Intermediate methods (licensing, franchising, joint ventures, and strategic alliances)

Hierarchical entry methods

2. Is there a superior entry method?

No, there is no one that is superior to another, the only thing is that for some companies one will be better than another..

3. Can different entry methods be combined?

Yes.

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Which entry modes do you know?

Entry modes include export (indirect, direct, reactive and passive), intermediate modes (licensing, franchising, strategic alliances and joint ventures) and hierarchical modes (creation and acquisition).

Is there any mode better than other?

There is no "best" entry mode in general; it depends on the context and objectives of the company. Some modes may be more appropriate in terms of cost, control, risk and market access.

Is it possible to combine different modes?

Yes, it is possible to combine different entry modes according to the specific needs and circumstances of the enterprise and the target market. For example, a company could start with direct exporting, then move to a strategic alliance and eventually establish a subsidiary.

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Which entry modes do you know?

After this module I know that we can classified into three different types: export, intermediate and hierarchical modes. The export entry modes are those one such as indirect, reactive, passive and direct. Inside the intermediate are licensing, franchising, Joint Venture and strategic alliances and finally, into hierarchical foreign sales subsidiaries, production subsidiaries, adquisition and greenfield.

Is there any mode better than other?

No, there are different, and we have to analyse which one fits better to each ocasion, because the different factors will determine which one is the better one for the case.

Is it possible to combine different modes?

Yes, this we can see in several companies, and thats why they can fulfill the empty of the other.

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Wich entry modes do you know?

After understanding that there are classified in three groups: Export, intermediate and hierarchical modes. Inside this modes we have different types. In export we have, indirect, direct and passive. In intermediate we have licensing, Joint Venture, strategic alliances and franchising. And finally we have creation and acqusition that are part of the hierarchical.

Is there any mode better than other?

It is necessary to understand that each one has its best and worst depending on the situation, so it is necessary to analyze the case to know which one can be the most effective.

Is it possible to combine different modes?

Yes it is possible to combine them, seeing what each mode has that we can get the most out of it depending on the situation, as I said before.

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Which entry modes do you know?

There are different entry modes, and they differ from each other in the level of externalization (or internalization) of the process. The first ones are the export entry mode (100% externalized), that can be direct or indirect. The second ones are the intermediate entry modes that can be licensing, franchising or strategic alliances and JV. The third ones are the hierarchical entry modes (100% internalized) that can be through creating or acquiring a company.

Is there any mode better than other?

No, there is not. The entry mode needs to suit with the company's objectives, taking into account the following aspects: level of risk, cost, control and flexibility.

Is it possible to combine different modes?

Yes, it is. A company can combine different entry modes. Like this, the company will be able to take advantage of each one and reduce risks by diversifying in the entry modes.

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Which entry modes do you know?

After studying the entry modes in this subject I have learned that there are divides in three groups: export modes, intermediate modes and hierarchical modes. The entry modes that have caught my attention the most are the intermediaries since although I had heard about franchises or licenses, this time I understood all four well.

Is there any better than other?

I don't think that in general there is one better than another, it simply depends on the country you want to enter, there will be one better than another for that specific country taking into account the situation, the competitors...

It is possible to combine different modes?

Yes, for example, a company can start exporting in that country and realize that by doing, for example, a joint venture also, it will get more visibility and it will be easier to enter.

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-Which entry modes do you know?

Export (direct, indirect), the intermediate (licensing, franchising…) and the hierarchical (acquisition)

-Is there any mode better than others?

No, depending on the situation and objectives of the company, one entry mode will be the one who fits better with the business.

-Is it possible to combine different modes?

Yes, it is possible to combine different modes, and it's a way to reduce risks diversifying in the entry modes.

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1. Which entry modes do you know?

After working on different entry modes, we have learned that there are three gropus of them: export modes (indirect, reactive and passive ones), intermediate modes (licensing, franchising anf joint ventures) and hierarachical modes.

2. Is there any better than others?

No, each company or project has to analyzed and found the entry mode that better fits with their situation.

3. Is it possible to combine different modes

Yes, as we saw in the Kone case study, different entry modes can be combined