Exporting, licensing, and Foreign Direct Investment are some of the entrepreneurial strategies entrepreneurs have to look upon while going global. Illustrate the concept of the above-listed entrepreneurial strategies and also discuss their types.
Entrepreneurial Strategies for Global Expansion When entrepreneurs want to expand their businesses globally, they often use strategies like exporting, licensing, and foreign direct investment (FDI) to reach new markets and grow. These strategies help businesses increase their reach, reduce risks, and make more money. The above-mentioned concepts are explained below: 1. Exporting: Exporting means selling … Read more