https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r 1 / January 2023 en-us 2023-01-10 01:04:22 UTC 2023-01-10 02:27:45 UTC hello@padlet.com hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438614306 MAIN FORMS OF ENTERING INTERNATIONAL MARKETS]]> 2023-01-10 01:11:50 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438614306 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438616800 Send goods overseas for sale]]> 2023-01-10 01:15:13 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438616800 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438619706 A company establishing its presence in a host country, an overseas location]]> 2023-01-10 01:19:17 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438619706 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438622881 2+ companies combine resources jointly form a separate business, while still retain their distinct qualities]]> 2023-01-10 01:24:05 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438622881 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438624925 2+ companies agree to pursue a set of objectives while remaining independent/separated (Same as JV but no new business is formed)]]> 2023-01-10 01:27:18 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438624925 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438628157 A franchisor licenses franchisees the rights to trade under its name, in return for certain fees, loyalty payment, and a franchise agreement (agreeing to to comply with certain obligations)]]> 2023-01-10 01:31:56 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438628157 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438629753 Another company buys the right to produce the licensor's goods]]> 2023-01-10 01:34:06 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438629753 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438630724 2+ businesses integrate into one single business]]> 2023-01-10 01:35:31 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438630724 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438633031 The buying out of a company by another, by purchasing a majority stake]]> 2023-01-10 01:38:39 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438633031 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438634323 + Reduced cost, risk: no need to set up business in the new market
+ Overseas buyers know better about their markets, are responsible to sell]]> 2023-01-10 01:40:36 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438634323 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438635426 - Reduced profit: commission/a profit margin taken by overseas buyers
- Lack of distribution, marketing control: quality control, might not be in line with brand image]]> 2023-01-10 01:42:13 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438635426 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438637901 + Incentives (tax breaks, grants) offered by host government: help host countries by adding jobs, skilling up workers
+ Solves exporting problem with a wider distribution channel (quotas, tariffs)]]> 2023-01-10 01:45:43 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438637901 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438640176 - Difficulty in accessing FOP to produce goods, maintain standards
- Cultural, ethical issues: the need to adapt motivational methods to suit labor market; concerns of cheap labor exploitation, sending profits back to home country]]> 2023-01-10 01:48:50 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438640176 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438641218 + Minimized risks: shared expertise, resources; spread risks
+ Ability to still retain separate companies
+ Advantages if joined with overseas company: knowledge of new markets, being advised with a good entry strategy ]]> 2023-01-10 01:50:23 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438641218 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438643447 - Shared profits of JV
- Time, difficulty in choosing business to joint with]]> 2023-01-10 01:53:17 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438643447 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438644659 + Reduced risks, shared resources
+ Overseas business helps gain access into that new market]]> 2023-01-10 01:54:38 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438644659 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438645545 - Communication, organizational issues: culture clash
- Difficulty in sharing the same vision, mission, objectives]]> 2023-01-10 01:55:39 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438645545 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438647081 + Quick, easy to start trading
+ Marketing done by franchisor
+ Established/Well-recognized brands, product selection]]> 2023-01-10 01:57:19 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438647081 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438649231 - High startup cost
- Franchisees pay annual sale % to franchisor
- Bound/restricted by the franchise agreement's conditions
- Negative brand publicity affects franchisee
- Expensive: Procurement of resources through franchisor]]> 2023-01-10 02:00:04 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438649231 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438650517 + Minimal risk to enter new markets
+ L can be applied to patents, trademarks]]> 2023-01-10 02:01:58 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438650517 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438652375 - Fraudulent copies (China)
- Missing out on potential profits/revenue: usually get only % of sales (instead, fixed payment for the period of licensing)
- Difficulty in controlling licensees, risks of damaged global brand image: safety standards, maintain quality issues]]> 2023-01-10 02:04:46 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438652375 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438653352 - Shared profits
- Loss of old brand image, loyalty
- Inefficiency, diseconomies of scale, poor communication: culture clash]]> 2023-01-10 02:06:12 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438653352 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438655879 + Cost saving with economies of scale
+ Spread risks, expanded product portfolio
+ Easier to enter new market overseas]]> 2023-01-10 02:09:35 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438655879 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438657072 + Combined resources
+ Economies of scale
+ Shared loss
+ Reduced risks of failure, Ease of gaining access to overseas market: if merged with a foreign company]]> 2023-01-10 02:11:11 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438657072 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438658530 - Large capital investment needed
- Possibility of diseconomies of scale
- Give the dominant firm negative image: pressure groups, stakeholders]]> 2023-01-10 02:13:15 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438658530 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438662357 2023-01-10 02:18:11 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438662357 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438663946 2023-01-10 02:20:15 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438663946 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438664883 2023-01-10 02:21:27 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438664883 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438665568 2023-01-10 02:22:29 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438665568 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438665954 2023-01-10 02:23:00 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438665954 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438668443 2023-01-10 02:26:24 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438668443 hlnguyen2 https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438669293 2023-01-10 02:27:33 UTC https://padlet.com/hlnguyen2/yxxiiy64zxrr0s8r/wish/2438669293