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Market Entry Strategies (Exporting (What is "exporting?":…

- - - - Limited and less financial risk. (Basically lower cost and high flexibility)
        
        A way to test your company's abilities to function in the global market.
        
        Little to no investment is required!
  - - - Not knowing what's going to happen to the product.
- - - - It's almost a win-win for everyone! The franchisee receives management knowledge and skillsets.
        
        Better production control and applied local knowledge influences a franchise to grow!
  - - - Still limited control when it comes to what can or cannot be done.
- - - - Less risky: barely any government interference
        
        Closer production and marketing provision!
        
        Cutting down financial risk and capital layout is overall shared!
        
        Having better resources.
  - - - There is limited control over agreements. Agreement could go wrong and create competitors.
        
        Partnerships and joint contracts can be risky because anything negative that happens can affect you alone.
- - - - Complete control over management and everything!
        
        No risk on losing intellectual property!
        
        If it all goes well: Receive the entire profit because you're in complete control.
  - - - Financially risk: If it doesn't work out, you lose everything!
        
        Assessing the global market is a lot more difficult.
        
        Takes a lot more time.
- - - - Can benefit everyone!
        
        Constantly receiving important information that can help everyone.
        
        Receive direct local help!
  - - - Could be helping out the competition.
- - - - Being completely owned by a parent company!
        
        Shared risk because you're under the control of an entire company.
        
        Control of supply chain!
  - - - It's a huge financial risk! Not know what you should or shouldn't pay in an already existing company and starting a brand new company can be very pricey.