Ask Writer to decide ( I would prefer something about global trading ) - Dissertation Example

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Ask Writer to decide ( I would prefer something about global trading )

It is also critical to note that the organizations have to make a decision in terms of deciding as to how to engage into the global trade and what could be some of the effective ways through which they can take advantage of the same. Thus the mode of entry in international trade is one of the most important decisions which need to be made in order to ensure that the global firms take advantage of the opportunities offered by the international trade. (Osland, Taylor and Zou) Organizations use different methods such as exporting, licensing, franchising as well as establishing their own Greenfield projects in order to trade globally. Through exporting international firms sell out their output to the firms in any international market without actually involving any other side of the business. However, in licensing and franchising international firms actually engage themselves to a greater extent because of the different nature of licensing and franchising. (Wheeler, Jones and Young) It is also important to understand that the decision to adapt a particular mode of entry into a global market is also based upon the strategic evaluation of different factors before firms can actually make a decision. ...
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Summary

Brief Background Globalization has made the world interconnected and due to low levels of barriers for international trade, global trade is now a reality in the modern world. Global trade therefore has not only resulted into the transfer of knowledge and expertise but has also made the poorer nations to enjoy relatively better standards of life due to improved trade…
Author : erickkertzmann
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