Briefly Explain the Phase Model of Globalization and List Its

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The Answer is The phase model of globalization refers to a series of four sequential stages that most companies have historically gone through in growing from domestic to global companies. The four stages are (1) exporting, (2) cooperative contracts (which take the form of either licensing or franchise agreements), (3) strategic alliances (characterized by the global joint venture), and finally, (4) wholly owned affiliates. At each step, the company would grow much larger, would use increased resources to enter more global markets, would be less dependent on home country sales, and would be more committed in its orientation to global business.

Briefly Explain the Phase Model of Globalization and List Its

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Briefly Explain the Phase Model of Globalization and List Its

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Correct Answer:VerifiedShow Answer

Correct Answer:
Verified