There are significant risks in starting an international joint venture. One is _____.

What strategic advice would you give an international market business,who is looking to expand business in a domestic market

What is an industrial license agreement? When is an industrial license agreement necessary between two companies? What are the advantages of a United states auto parts company having an industrial license agreement with another Auto parts company in Scotland? How does the auto part company in the Unites States decide that a foreign company is a good partner for an industrial license agreement?

What are some reasons why you would expand your company internationally as well as the risks that could happen?

You are an entrepreneur of a local organic product shop in St. Vincent and the Grenadines, specializing in hair products and other cosmetic products. You are considering based on emerging market trends to expand to South Africa. Why would you expand to this country? What mode of entry would you use?

You are an executive of an American company. You have been sent to South Korea to expand your company’s operations in that country.   From your knowledge (or research) of cultural differences between the South Koreans and Americans, what two cultural mistakes are you likely to commit in South Korea that would irritate the Korean people?

Studying international business is important for all the following reasons except for ________. A) It explains why a government is motivated by profit.   B) An understanding helps you decide what governmental policies to support.   C) The best way of conducting business may differ by country.   D) It helps managers to decide where to find resources and to sell.   E) Modes of operations may differ from those used domestically.   F) Most companies are either international or compete with international companies.   G)An understanding helps you make better career decisions.

Do you think some form of legalization of gambling would be good for Florida tourism? What do you think the impact would be?

You are the owner of the British fast-food restaurant chain “Burger Queen”. You have decided to expand abroad and have to determine the best mode of foreign market entry. In this context, answer BOTH parts of the question.  What are the possible modes of market entry

WAVERS Inc. is a California based firm that specializes in the manufacturing of high- end surfboards. Consumers in the coastal African region  as well as Japan and the UK have recently discovered the joys of surfing. WAVES has hired you as a consultant to provide advice regarding global expansion. They are wondering how to exploit these new markets. Tariffs on imported surfboards are particularly high in Japan. One particularly aggressive member of the top management team has been arguing for some form of a joint venture with a local Japanese firm. This has turned into a highly divisive issue and they have asked you to provide them some insight on some of the basic issues and possible challenges of forming a joint venture in this environment. In your discussion, elaborate on the role that cultural differences between the US and Japan may play that could impact your joint venture.