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International Business
C/B/352. An evaluation of the challenges faced by retailers expanding into international markets
- WORDS:
- 2400
- DATE:
- 2006
- PRICE:
- 29.99 GBP
This paper analyses and evaluates the challenges facing retailers wishing to develop into internationalization. It has found that there are several challenges that have to be overcome. Using Porters Diamond of nations it is possible to analyse the different aspects that are inherent in the different nations. Differences in culture, the economy and regulation, the domestic competition and potential partners all need to be explored, requiring retailers to carry out exhaustive research and information gathering. This paper has also found that in order to be successful, the organisation has the resources to make initial investments without an immediate gain and that the management have a clear and well defined strategy. Those retailers that are successful are those that have strong capabilities at home and are enjoying competitive advantage that can be exported, although not necessarily in the same format. The paper explores why some retailers have failed in their quest to establish international markets and why others have thrived.
KEYWORDS: evaluation, challenges, faced, retailers, expanding, international, markets,
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