{"id":226,"date":"2014-05-13T17:45:03","date_gmt":"2014-05-13T17:45:03","guid":{"rendered":"http:\/\/opentextbc.ca\/strategicmanagement\/?post_type=chapter&#038;p=226"},"modified":"2019-07-02T23:04:06","modified_gmt":"2019-07-02T23:04:06","slug":"conclusion-7","status":"publish","type":"chapter","link":"https:\/\/opentextbc.ca\/strategicmanagement\/chapter\/conclusion-7\/","title":{"raw":"Conclusion","rendered":"Conclusion"},"content":{"raw":"This chapter has explained strategies related to competition in international markets. When considering competing in foreign markets, executives must consider the benefits and risks when making decisions about whether to expand overseas. Executives would also benefit from considering their current (domestic) demand conditions, factor conditions, related and supporting industries, and strategy, structure, and rivalry, all of which can affect the probability of success in foreign markets. When a firm does venture overseas, a decision must be made about whether its international strategy will be multidomestic, global, or transnational. Finally, when leading a firm to enter a new market, executives can choose to manage the operation via exporting, creating a wholly owned subsidiary, franchising, licensing, or creating a joint venture or strategic alliance.\r\n<div class=\"textbox textbox--exercises\"><header class=\"textbox__header\">\r\n<p class=\"textbox__title\">Exercises<\/p>\r\n\r\n<\/header>\r\n<div class=\"textbox__content\">\r\n<ol>\r\n \t<li>Divide your class into four or eight groups, depending on the size of the class. Each group should select a different industry. Find examples of each international strategy for your industry. Discuss which strategy seems to be the most successful in your selected industry.<\/li>\r\n \t<li>This chapter discussed Kia and other automakers. If you were assigned to turn around a struggling automaker such as General Motors or Chrysler, what actions would you take to revive the company\u2019s prospects within the global auto industry?<\/li>\r\n<\/ol>\r\n<\/div>\r\n<\/div>\r\n<h1>Attributions<\/h1>\r\n<strong><a id=\"figure7-11\" href=\"\/strategicmanagement\/chapter\/advantages-and-disadvantages-of-competing-in-international-markets\/#f7.11\">Figure 7.11:<\/a>\r\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Known_shoes_soles.jpg\">Known shoes soles<\/a> by Zalman992 (http:\/\/commons.wikimedia.org\/wiki\/File:Known_shoes_soles.jpg) used under <a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> (first);\r\n\r\n<a href=\"https:\/\/www.flickr.com\/photos\/bikiniopen\/3381831542\/\">Bikini Open 121<\/a> by Bikini Open (https:\/\/www.flickr.com\/photos\/bikiniopen\/3381831542\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:A-OK.JPG\">A-OK<\/a> by Faceofwiki (http:\/\/commons.wikimedia.org\/wiki\/File:A-OK.JPG) used under <a href=\"http:\/\/creativecommons.org\/publicdomain\/zero\/1.0\/\">CC0 Licence<\/a>\u00a0(third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Alarm_Clocks_20101107a.jpg\">Alarm Clocks 20101107a<\/a> by Batholith (http:\/\/commons.wikimedia.org\/wiki\/File:Alarm_Clocks_20101107a.jpg) is in the Public Domain (fourth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Chocolate-chip-cookie-crumbs-on-plate.png\">Chocolate-chip-cookie-crumbs-on-plate<\/a> by Knoell8504 (http:\/\/commons.wikimedia.org\/wiki\/File:Chocolate-chip-cookie-crumbs-on-plate.png) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(fifth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Woman_eating_an_apple_(1).jpg)\">Woman eating an apple (1)<\/a> by Bill Branson (http:\/\/commons.wikimedia.org\/wiki\/File:Woman_eating_an_apple_(1).jpg) is in the Public Domain (sixth);\r\n\r\n<a href=\"https:\/\/www.flickr.com\/photos\/johnonolan\/5729506059\/\">Stare<\/a> by John O\u2019Nolan (https:\/\/www.flickr.com\/photos\/johnonolan\/5729506059\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(seventh)\r\n\r\n<strong style=\"text-align: initial; font-size: 14pt;\"><a id=\"figure7-13\" href=\"\/strategicmanagement\/chapter\/advantages-and-disadvantages-of-competing-in-international-markets\/#f7.13\">Figure 7.13:<\/a><\/strong>\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/airencn\/2770897336\/\">Harry Potter<\/a> by Joya Wu (http:\/\/www.flickr.com\/photos\/airencn\/2770897336\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(first);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Stroller%26baby,japan.JPG\">Stroller&amp;baby,japan<\/a> by katorisi (http:\/\/commons.wikimedia.org\/wiki\/File:Stroller%26baby,japan.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:OL-SR90-2.png\">OL-SR90-2<\/a> by Don snooker (http:\/\/commons.wikimedia.org\/wiki\/File:OL-SR90-2.png) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Chevrolet_Nova_SS.jpg\">Chevrolet Nova SS<\/a> by Bull-Doser (http:\/\/commons.wikimedia.org\/wiki\/File:Chevrolet_Nova_SS.jpg) is in the Public Domain (fourth)\r\n\r\n<strong><a id=\"figure7-15\" href=\"\/strategicmanagement\/chapter\/drivers-of-success-and-failure-when-competing-in-international-markets\/#f7.15\">Figure 7.15:<\/a>\r\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Honda-Civic.jpg\">Honda-Civic<\/a> by Greudin (http:\/\/commons.wikimedia.org\/wiki\/File:Honda-Civic.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(first);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Renault_Clio_I_Phase_II_F%C3%BCnft%C3%BCrer_RN.JPG\">Renault Clio I Phase II F\u00fcnft\u00fcrer RN<\/a> by Thomas doerfer (http:\/\/commons.wikimedia.org\/wiki\/File:Renault_Clio_I_Phase_II_F%C3%BCnft%C3%BCrer_RN.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> (second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:BMW_420i_GranCoup%C3%A9_M_Sport_(F36)_front.JPG)\">BMW 420i GranCoup\u00e9 M Sport (F36) front<\/a> by Tokumeigakarinoaoshima (http:\/\/commons.wikimedia.org\/wiki\/File:BMW_420i_GranCoup%C3%A9_M_Sport_(F36)_front.JPG) used under <a href=\"http:\/\/creativecommons.org\/publicdomain\/zero\/1.0\/\">CC0 Licence<\/a> (third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Ferrari_California1.jpg\">Ferrari California1<\/a> by Kaotic.nite (http:\/\/commons.wikimedia.org\/wiki\/File:Ferrari_California1.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(fourth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:H1opentop.jpg\">H1opentop<\/a> by The Real Polymath (http:\/\/commons.wikimedia.org\/wiki\/File:H1opentop.jpg) is in the Public Domain\u00a0(fifth)\r\n\r\n<strong><a id=\"figure7-17\" href=\"\/strategicmanagement\/chapter\/drivers-of-success-and-failure-when-competing-in-international-markets\/#f7.17\">Figure 7.17:<\/a>\r\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Russian_flag.svg\">Nuvola Russian flag<\/a> by Min\u2019s (http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Russian_flag.svg) is in the Public Domain (first);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Indian_flag.svg\">Nuvola Indian flag<\/a> by Min\u2019s (http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Indian_flag.svg) is in the Public Domain (second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Canada_flag.svg\">Nuvola Canada flag<\/a> by Min\u2019s (http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Canada_flag.svg) is in the Public Domain (third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Danish_flag.svg\">Nuvola Danish flag<\/a> by Min\u2019s (http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Danish_flag.svg) is in the Public Domain (fourth)\r\n\r\n<a href=\"\/strategicmanagement\/chapter\/drivers-of-success-and-failure-when-competing-in-international-markets\/#f7.19\"><strong>Figure 7.19:\r\n<\/strong><\/a><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:McCormick_Tractor.jpg\">McCormick Tractor<\/a> by Brian Forbes (http:\/\/commons.wikimedia.org\/wiki\/File:McCormick_Tractor.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(first);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Randall_Cattle_in_Vermont.jpg\">Randall Cattle in Vermont<\/a> by CTPhil (http:\/\/commons.wikimedia.org\/wiki\/File:Randall_Cattle_in_Vermont.jpg) is in the Public Domain (second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Wnd_turbine_repairs.jpg\">Wind turbine repairs<\/a> by Rudolf Ammann (http:\/\/commons.wikimedia.org\/wiki\/File:Wnd_turbine_repairs.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Oil_Pump_(8037088873).jpg)\">Oil Pump (8037088873)<\/a> by Tony Higsett (http:\/\/commons.wikimedia.org\/wiki\/File:Oil_Pump_(8037088873).jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(fourth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:2Wire_2701.JPG\">2Wire 2701<\/a> by True Tech Talk Time (http:\/\/commons.wikimedia.org\/wiki\/File:2Wire_2701.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(fifth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Blackberry_8900_ColorIsOff.jpg\">Blackberry 8900 ColorIsOff<\/a> by LP-mn (http:\/\/commons.wikimedia.org\/wiki\/File:Blackberry_8900_ColorIsOff.jpg) is in the Public Domain\u00a0(sixth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Koman90_uei_graduation.JPG\">Koman90 uei graduation<\/a> by Photography by carolyne porter (http:\/\/commons.wikimedia.org\/wiki\/File:Koman90_uei_graduation.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> (seventh);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Hotel_Room_(9638499309).jpg)\">Hotel Room (9638499309)<\/a> by William Warby (http:\/\/commons.wikimedia.org\/wiki\/File:Hotel_Room_(9638499309).jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(eighth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Hyundai_car_assembly_line.jpg\">Hyundai car assembly line<\/a> by Taneli Rajala (http:\/\/commons.wikimedia.org\/wiki\/File:Hyundai_car_assembly_line.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(ninth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Aeriel_picture,_Revelstoke_Dam.jpg\">Aeriel picture, Revelstoke Dam<\/a> by Kelownian Pilot (http:\/\/commons.wikimedia.org\/wiki\/File:Aeriel_picture,_Revelstoke_Dam.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(tenth)\r\n\r\n<strong><a id=\"figure7-21\" href=\"\/strategicmanagement\/chapter\/drivers-of-success-and-failure-when-competing-in-international-markets\/#f7.21\">Figure 7.21:<\/a>\r\n<\/strong><a href=\"https:\/\/www.flickr.com\/photos\/alexbrn\/27976290\/\">Cuban Cigars<\/a> by Alex Brown (https:\/\/www.flickr.com\/photos\/alexbrn\/27976290\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(first);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Antique_Persian_Kerman_Rug.jpg\">Antique Persian Kerman Rug<\/a> by Alen Erfanian (http:\/\/commons.wikimedia.org\/wiki\/File:Antique_Persian_Kerman_Rug.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Meeresfruchte.jpg\">Meeresfruchte<\/a> by Kirschblut (http:\/\/commons.wikimedia.org\/wiki\/File:Meeresfruchte.jpg) is in the Public Domain (third);\r\n\r\n<a href=\"https:\/\/www.flickr.com\/photos\/quinet\/10097923705\/\">Ceramic beer steins<\/a> by Thomas Quine (https:\/\/www.flickr.com\/photos\/quinet\/10097923705\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(fourth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Sony-PlayStation-4-PS4-wDualShock-4.jpg\">Sony-PlayStation-4-PS4-wDualShock-4<\/a> by Evan-Amos (http:\/\/commons.wikimedia.org\/wiki\/File:Sony-PlayStation-4-PS4-wDualShock-4.jpg) is in the Public Domain (fifth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Charlie_Chaplin.jpg\">Charlie Chapline<\/a> by P.D Jankens (http:\/\/commons.wikimedia.org\/wiki\/File:Charlie_Chaplin.jpg) is in the Public Domain (sixth)\r\n\r\n<strong><a id=\"figure7-23\" href=\"\/strategicmanagement\/chapter\/types-of-international-strategies\/#f7.23\">Figure 7.23:<\/a>\r\n<\/strong><a href=\"http:\/\/www.flickr.com\/photos\/kenny_lex\/3059058350\/\">Tabasco<\/a> by kenny_lex (http:\/\/www.flickr.com\/photos\/kenny_lex\/3059058350\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(first);\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/amaiman\/5550834826\/\">Green Tea Kit-Kat (from Japan)<\/a> by Andrew Maiman (http:\/\/www.flickr.com\/photos\/amaiman\/5550834826\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(second);\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/64448029@N05\/5901416357\/\">Butterfinger<\/a> by Bodo (http:\/\/www.flickr.com\/photos\/64448029@N05\/5901416357\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(third);\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/renaissancechambara\/4241378353\/\">Kit-Kat new<\/a> by Ged Carroll (http:\/\/www.flickr.com\/photos\/renaissancechambara\/4241378353\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(fourth);\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/comedynose\/3542592243\/\">Project 365 #138: 180509 Oooooh, cheeky!<\/a> By Pete (http:\/\/www.flickr.com\/photos\/comedynose\/3542592243\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(fifth);\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/creative_tools\/4293407348\/\">CreativeTools.se - PackshotCreator - Heinz Chili Sauce<\/a> by Creative Tools (http:\/\/www.flickr.com\/photos\/creative_tools\/4293407348\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(sixth);\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/oskay\/4578993380\/\">HP Sauce \u2013 2<\/a> by Windell Oskay (http:\/\/www.flickr.com\/photos\/oskay\/4578993380\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(seventh)\r\n\r\n<strong><a id=\"figure7-25\" href=\"\/strategicmanagement\/chapter\/options-for-competing-in-international-markets\/#f7.25\">Figure 7.25:<\/a>\r\n<\/strong><a href=\"https:\/\/www.flickr.com\/photos\/aseemsjohri\/14513060711\/\">WestJet Boeing 737-8CT | C-GWSZ \/ 812 | \u201cWalt Disney Livery\u201d | Flight WS2660 from YYZ to MBJ<\/a> by Lord of the Wings\u00a9 (https:\/\/www.flickr.com\/photos\/aseemsjohri\/14513060711\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(first);\r\n\r\n<a href=\"https:\/\/www.flickr.com\/photos\/yellowcloud\/4525292434\/\">Intel 486 DX<\/a> by yellowcloud (https:\/\/www.flickr.com\/photos\/yellowcloud\/4525292434\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:US_Navy_050507-N-3289C-028_Gunners_Mate_2nd_Class_Matthew_Maple,_from_Pittsburgh,_Pa.,_takes_time_out_to_stay_physically_fit_by_training_on_a_stationary_bike_aboard_the_costal_patrol_ship_USS_Sirocco_(PC_6).jpg)\">US Navy 050507-N-3289C-028 Gunners Mate 2nd Class Matthew Maple, from Pittsburgh, Pa., takes time out to stay physically fit by training on a stationary bike aboard the costal patrol ship USS Sirocco (PC 6)<\/a> by Paul Cage (http:\/\/commons.wikimedia.org\/wiki\/File:US_Navy_050507-N-3289C-028_Gunners_Mate_2nd_Class_Matthew_Maple,_from_Pittsburgh,_Pa.,_takes_time_out_to_stay_physically_fit_by_training_on_a_stationary_bike_aboard_the_costal_patrol_ship_USS_Sirocco_(PC_6).jpg) is in the Public Domain (third);\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/thebrandery\/5375176557\/\">Miriam Ocariz - BOTELLA 200ML COCA-COLA LIGHT<\/a> by The Brandery (http:\/\/www.flickr.com\/photos\/thebrandery\/5375176557\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(fourth);\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/thebrandery\/5375776224\/\">Devota&amp;Lomba BOTELLA 200ML COCA-COLA LIGHT<\/a> by The Brandery (http:\/\/www.flickr.com\/photos\/thebrandery\/5375776224\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(fifth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:RDI_-_CBC_-_Radio-Canada.JPG\">RDI - CBC - Radio-Canada<\/a> by Jeangagnon (http:\/\/commons.wikimedia.org\/wiki\/File:RDI_-_CBC_-_Radio-Canada.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(sixth)\r\n\r\n<strong><a id=\"figure7-27\" href=\"\/strategicmanagement\/chapter\/options-for-competing-in-international-markets\/#f7.27\">Figure 7.27:<\/a>\r\n<\/strong><a href=\"http:\/\/www.flickr.com\/photos\/yunir\/5287015064\/\">McDonald\u2019s Rice<\/a> by Abdul Rahman (http:\/\/www.flickr.com\/photos\/yunir\/5287015064\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(first);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Tim_Hortons_-b.jpg\">Tim Hortons \u2013b<\/a> by Saeed Jahed (http:\/\/commons.wikimedia.org\/wiki\/File:Tim_Hortons_-b.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(second);\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/hanataro\/689530713\/\">The KFC Colonel!<\/a> by Lonnie (http:\/\/www.flickr.com\/photos\/hanataro\/689530713\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Subway-Restaurant_in_Passau.jpg\">Subway-Restaurant in Passau<\/a> by High Contrast (http:\/\/commons.wikimedia.org\/wiki\/File:Subway-Restaurant_in_Passau.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(fourth);\r\n\r\n<a href=\"http:\/\/en.wikipedia.org\/wiki\/File:7_eleven_Bergen_Nygardsgaten.JPG\">7 eleven Bergen Nygardsgaten<\/a> by Enrique Cornejo (http:\/\/en.wikipedia.org\/wiki\/File:7_eleven_Bergen_Nygardsgaten.JPG) used under <a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(fifth)","rendered":"<p>This chapter has explained strategies related to competition in international markets. When considering competing in foreign markets, executives must consider the benefits and risks when making decisions about whether to expand overseas. Executives would also benefit from considering their current (domestic) demand conditions, factor conditions, related and supporting industries, and strategy, structure, and rivalry, all of which can affect the probability of success in foreign markets. When a firm does venture overseas, a decision must be made about whether its international strategy will be multidomestic, global, or transnational. Finally, when leading a firm to enter a new market, executives can choose to manage the operation via exporting, creating a wholly owned subsidiary, franchising, licensing, or creating a joint venture or strategic alliance.<\/p>\n<div class=\"textbox textbox--exercises\">\n<header class=\"textbox__header\">\n<p class=\"textbox__title\">Exercises<\/p>\n<\/header>\n<div class=\"textbox__content\">\n<ol>\n<li>Divide your class into four or eight groups, depending on the size of the class. Each group should select a different industry. Find examples of each international strategy for your industry. Discuss which strategy seems to be the most successful in your selected industry.<\/li>\n<li>This chapter discussed Kia and other automakers. If you were assigned to turn around a struggling automaker such as General Motors or Chrysler, what actions would you take to revive the company\u2019s prospects within the global auto industry?<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<h1>Attributions<\/h1>\n<p><strong><a id=\"figure7-11\" href=\"\/strategicmanagement\/chapter\/advantages-and-disadvantages-of-competing-in-international-markets\/#f7.11\">Figure 7.11:<\/a><br \/>\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Known_shoes_soles.jpg\">Known shoes soles<\/a> by Zalman992 (http:\/\/commons.wikimedia.org\/wiki\/File:Known_shoes_soles.jpg) used under <a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> (first);<\/p>\n<p><a href=\"https:\/\/www.flickr.com\/photos\/bikiniopen\/3381831542\/\">Bikini Open 121<\/a> by Bikini Open (https:\/\/www.flickr.com\/photos\/bikiniopen\/3381831542\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:A-OK.JPG\">A-OK<\/a> by Faceofwiki (http:\/\/commons.wikimedia.org\/wiki\/File:A-OK.JPG) used under <a href=\"http:\/\/creativecommons.org\/publicdomain\/zero\/1.0\/\">CC0 Licence<\/a>\u00a0(third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Alarm_Clocks_20101107a.jpg\">Alarm Clocks 20101107a<\/a> by Batholith (http:\/\/commons.wikimedia.org\/wiki\/File:Alarm_Clocks_20101107a.jpg) is in the Public Domain (fourth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Chocolate-chip-cookie-crumbs-on-plate.png\">Chocolate-chip-cookie-crumbs-on-plate<\/a> by Knoell8504 (http:\/\/commons.wikimedia.org\/wiki\/File:Chocolate-chip-cookie-crumbs-on-plate.png) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(fifth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Woman_eating_an_apple_(1).jpg)\">Woman eating an apple (1)<\/a> by Bill Branson (http:\/\/commons.wikimedia.org\/wiki\/File:Woman_eating_an_apple_(1).jpg) is in the Public Domain (sixth);<\/p>\n<p><a href=\"https:\/\/www.flickr.com\/photos\/johnonolan\/5729506059\/\">Stare<\/a> by John O\u2019Nolan (https:\/\/www.flickr.com\/photos\/johnonolan\/5729506059\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(seventh)<\/p>\n<p><strong style=\"text-align: initial; font-size: 14pt;\"><a id=\"figure7-13\" href=\"\/strategicmanagement\/chapter\/advantages-and-disadvantages-of-competing-in-international-markets\/#f7.13\">Figure 7.13:<\/a><\/strong><\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/airencn\/2770897336\/\">Harry Potter<\/a> by Joya Wu (http:\/\/www.flickr.com\/photos\/airencn\/2770897336\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(first);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Stroller%26baby,japan.JPG\">Stroller&amp;baby,japan<\/a> by katorisi (http:\/\/commons.wikimedia.org\/wiki\/File:Stroller%26baby,japan.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:OL-SR90-2.png\">OL-SR90-2<\/a> by Don snooker (http:\/\/commons.wikimedia.org\/wiki\/File:OL-SR90-2.png) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Chevrolet_Nova_SS.jpg\">Chevrolet Nova SS<\/a> by Bull-Doser (http:\/\/commons.wikimedia.org\/wiki\/File:Chevrolet_Nova_SS.jpg) is in the Public Domain (fourth)<\/p>\n<p><strong><a id=\"figure7-15\" href=\"\/strategicmanagement\/chapter\/drivers-of-success-and-failure-when-competing-in-international-markets\/#f7.15\">Figure 7.15:<\/a><br \/>\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Honda-Civic.jpg\">Honda-Civic<\/a> by Greudin (http:\/\/commons.wikimedia.org\/wiki\/File:Honda-Civic.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(first);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Renault_Clio_I_Phase_II_F%C3%BCnft%C3%BCrer_RN.JPG\">Renault Clio I Phase II F\u00fcnft\u00fcrer RN<\/a> by Thomas doerfer (http:\/\/commons.wikimedia.org\/wiki\/File:Renault_Clio_I_Phase_II_F%C3%BCnft%C3%BCrer_RN.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> (second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:BMW_420i_GranCoup%C3%A9_M_Sport_(F36)_front.JPG)\">BMW 420i GranCoup\u00e9 M Sport (F36) front<\/a> by Tokumeigakarinoaoshima (http:\/\/commons.wikimedia.org\/wiki\/File:BMW_420i_GranCoup%C3%A9_M_Sport_(F36)_front.JPG) used under <a href=\"http:\/\/creativecommons.org\/publicdomain\/zero\/1.0\/\">CC0 Licence<\/a> (third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Ferrari_California1.jpg\">Ferrari California1<\/a> by Kaotic.nite (http:\/\/commons.wikimedia.org\/wiki\/File:Ferrari_California1.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(fourth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:H1opentop.jpg\">H1opentop<\/a> by The Real Polymath (http:\/\/commons.wikimedia.org\/wiki\/File:H1opentop.jpg) is in the Public Domain\u00a0(fifth)<\/p>\n<p><strong><a id=\"figure7-17\" href=\"\/strategicmanagement\/chapter\/drivers-of-success-and-failure-when-competing-in-international-markets\/#f7.17\">Figure 7.17:<\/a><br \/>\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Russian_flag.svg\">Nuvola Russian flag<\/a> by Min\u2019s (http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Russian_flag.svg) is in the Public Domain (first);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Indian_flag.svg\">Nuvola Indian flag<\/a> by Min\u2019s (http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Indian_flag.svg) is in the Public Domain (second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Canada_flag.svg\">Nuvola Canada flag<\/a> by Min\u2019s (http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Canada_flag.svg) is in the Public Domain (third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Danish_flag.svg\">Nuvola Danish flag<\/a> by Min\u2019s (http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Danish_flag.svg) is in the Public Domain (fourth)<\/p>\n<p><a href=\"\/strategicmanagement\/chapter\/drivers-of-success-and-failure-when-competing-in-international-markets\/#f7.19\"><strong>Figure 7.19:<br \/>\n<\/strong><\/a><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:McCormick_Tractor.jpg\">McCormick Tractor<\/a> by Brian Forbes (http:\/\/commons.wikimedia.org\/wiki\/File:McCormick_Tractor.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(first);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Randall_Cattle_in_Vermont.jpg\">Randall Cattle in Vermont<\/a> by CTPhil (http:\/\/commons.wikimedia.org\/wiki\/File:Randall_Cattle_in_Vermont.jpg) is in the Public Domain (second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Wnd_turbine_repairs.jpg\">Wind turbine repairs<\/a> by Rudolf Ammann (http:\/\/commons.wikimedia.org\/wiki\/File:Wnd_turbine_repairs.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Oil_Pump_(8037088873).jpg)\">Oil Pump (8037088873)<\/a> by Tony Higsett (http:\/\/commons.wikimedia.org\/wiki\/File:Oil_Pump_(8037088873).jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(fourth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:2Wire_2701.JPG\">2Wire 2701<\/a> by True Tech Talk Time (http:\/\/commons.wikimedia.org\/wiki\/File:2Wire_2701.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(fifth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Blackberry_8900_ColorIsOff.jpg\">Blackberry 8900 ColorIsOff<\/a> by LP-mn (http:\/\/commons.wikimedia.org\/wiki\/File:Blackberry_8900_ColorIsOff.jpg) is in the Public Domain\u00a0(sixth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Koman90_uei_graduation.JPG\">Koman90 uei graduation<\/a> by Photography by carolyne porter (http:\/\/commons.wikimedia.org\/wiki\/File:Koman90_uei_graduation.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> (seventh);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Hotel_Room_(9638499309).jpg)\">Hotel Room (9638499309)<\/a> by William Warby (http:\/\/commons.wikimedia.org\/wiki\/File:Hotel_Room_(9638499309).jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(eighth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Hyundai_car_assembly_line.jpg\">Hyundai car assembly line<\/a> by Taneli Rajala (http:\/\/commons.wikimedia.org\/wiki\/File:Hyundai_car_assembly_line.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(ninth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Aeriel_picture,_Revelstoke_Dam.jpg\">Aeriel picture, Revelstoke Dam<\/a> by Kelownian Pilot (http:\/\/commons.wikimedia.org\/wiki\/File:Aeriel_picture,_Revelstoke_Dam.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(tenth)<\/p>\n<p><strong><a id=\"figure7-21\" href=\"\/strategicmanagement\/chapter\/drivers-of-success-and-failure-when-competing-in-international-markets\/#f7.21\">Figure 7.21:<\/a><br \/>\n<\/strong><a href=\"https:\/\/www.flickr.com\/photos\/alexbrn\/27976290\/\">Cuban Cigars<\/a> by Alex Brown (https:\/\/www.flickr.com\/photos\/alexbrn\/27976290\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(first);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Antique_Persian_Kerman_Rug.jpg\">Antique Persian Kerman Rug<\/a> by Alen Erfanian (http:\/\/commons.wikimedia.org\/wiki\/File:Antique_Persian_Kerman_Rug.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Meeresfruchte.jpg\">Meeresfruchte<\/a> by Kirschblut (http:\/\/commons.wikimedia.org\/wiki\/File:Meeresfruchte.jpg) is in the Public Domain (third);<\/p>\n<p><a href=\"https:\/\/www.flickr.com\/photos\/quinet\/10097923705\/\">Ceramic beer steins<\/a> by Thomas Quine (https:\/\/www.flickr.com\/photos\/quinet\/10097923705\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(fourth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Sony-PlayStation-4-PS4-wDualShock-4.jpg\">Sony-PlayStation-4-PS4-wDualShock-4<\/a> by Evan-Amos (http:\/\/commons.wikimedia.org\/wiki\/File:Sony-PlayStation-4-PS4-wDualShock-4.jpg) is in the Public Domain (fifth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Charlie_Chaplin.jpg\">Charlie Chapline<\/a> by P.D Jankens (http:\/\/commons.wikimedia.org\/wiki\/File:Charlie_Chaplin.jpg) is in the Public Domain (sixth)<\/p>\n<p><strong><a id=\"figure7-23\" href=\"\/strategicmanagement\/chapter\/types-of-international-strategies\/#f7.23\">Figure 7.23:<\/a><br \/>\n<\/strong><a href=\"http:\/\/www.flickr.com\/photos\/kenny_lex\/3059058350\/\">Tabasco<\/a> by kenny_lex (http:\/\/www.flickr.com\/photos\/kenny_lex\/3059058350\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(first);<\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/amaiman\/5550834826\/\">Green Tea Kit-Kat (from Japan)<\/a> by Andrew Maiman (http:\/\/www.flickr.com\/photos\/amaiman\/5550834826\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(second);<\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/64448029@N05\/5901416357\/\">Butterfinger<\/a> by Bodo (http:\/\/www.flickr.com\/photos\/64448029@N05\/5901416357\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(third);<\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/renaissancechambara\/4241378353\/\">Kit-Kat new<\/a> by Ged Carroll (http:\/\/www.flickr.com\/photos\/renaissancechambara\/4241378353\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(fourth);<\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/comedynose\/3542592243\/\">Project 365 #138: 180509 Oooooh, cheeky!<\/a> By Pete (http:\/\/www.flickr.com\/photos\/comedynose\/3542592243\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(fifth);<\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/creative_tools\/4293407348\/\">CreativeTools.se &#8211; PackshotCreator &#8211; Heinz Chili Sauce<\/a> by Creative Tools (http:\/\/www.flickr.com\/photos\/creative_tools\/4293407348\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(sixth);<\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/oskay\/4578993380\/\">HP Sauce \u2013 2<\/a> by Windell Oskay (http:\/\/www.flickr.com\/photos\/oskay\/4578993380\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0\u00a0(seventh)<\/p>\n<p><strong><a id=\"figure7-25\" href=\"\/strategicmanagement\/chapter\/options-for-competing-in-international-markets\/#f7.25\">Figure 7.25:<\/a><br \/>\n<\/strong><a href=\"https:\/\/www.flickr.com\/photos\/aseemsjohri\/14513060711\/\">WestJet Boeing 737-8CT | C-GWSZ \/ 812 | \u201cWalt Disney Livery\u201d | Flight WS2660 from YYZ to MBJ<\/a> by Lord of the Wings\u00a9 (https:\/\/www.flickr.com\/photos\/aseemsjohri\/14513060711\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(first);<\/p>\n<p><a href=\"https:\/\/www.flickr.com\/photos\/yellowcloud\/4525292434\/\">Intel 486 DX<\/a> by yellowcloud (https:\/\/www.flickr.com\/photos\/yellowcloud\/4525292434\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:US_Navy_050507-N-3289C-028_Gunners_Mate_2nd_Class_Matthew_Maple,_from_Pittsburgh,_Pa.,_takes_time_out_to_stay_physically_fit_by_training_on_a_stationary_bike_aboard_the_costal_patrol_ship_USS_Sirocco_(PC_6).jpg)\">US Navy 050507-N-3289C-028 Gunners Mate 2nd Class Matthew Maple, from Pittsburgh, Pa., takes time out to stay physically fit by training on a stationary bike aboard the costal patrol ship USS Sirocco (PC 6)<\/a> by Paul Cage (http:\/\/commons.wikimedia.org\/wiki\/File:US_Navy_050507-N-3289C-028_Gunners_Mate_2nd_Class_Matthew_Maple,_from_Pittsburgh,_Pa.,_takes_time_out_to_stay_physically_fit_by_training_on_a_stationary_bike_aboard_the_costal_patrol_ship_USS_Sirocco_(PC_6).jpg) is in the Public Domain (third);<\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/thebrandery\/5375176557\/\">Miriam Ocariz &#8211; BOTELLA 200ML COCA-COLA LIGHT<\/a> by The Brandery (http:\/\/www.flickr.com\/photos\/thebrandery\/5375176557\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(fourth);<\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/thebrandery\/5375776224\/\">Devota&amp;Lomba BOTELLA 200ML COCA-COLA LIGHT<\/a> by The Brandery (http:\/\/www.flickr.com\/photos\/thebrandery\/5375776224\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(fifth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:RDI_-_CBC_-_Radio-Canada.JPG\">RDI &#8211; CBC &#8211; Radio-Canada<\/a> by Jeangagnon (http:\/\/commons.wikimedia.org\/wiki\/File:RDI_-_CBC_-_Radio-Canada.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(sixth)<\/p>\n<p><strong><a id=\"figure7-27\" href=\"\/strategicmanagement\/chapter\/options-for-competing-in-international-markets\/#f7.27\">Figure 7.27:<\/a><br \/>\n<\/strong><a href=\"http:\/\/www.flickr.com\/photos\/yunir\/5287015064\/\">McDonald\u2019s Rice<\/a> by Abdul Rahman (http:\/\/www.flickr.com\/photos\/yunir\/5287015064\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(first);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Tim_Hortons_-b.jpg\">Tim Hortons \u2013b<\/a> by Saeed Jahed (http:\/\/commons.wikimedia.org\/wiki\/File:Tim_Hortons_-b.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(second);<\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/hanataro\/689530713\/\">The KFC Colonel!<\/a> by Lonnie (http:\/\/www.flickr.com\/photos\/hanataro\/689530713\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Subway-Restaurant_in_Passau.jpg\">Subway-Restaurant in Passau<\/a> by High Contrast (http:\/\/commons.wikimedia.org\/wiki\/File:Subway-Restaurant_in_Passau.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 Licence<\/a>\u00a0(fourth);<\/p>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/File:7_eleven_Bergen_Nygardsgaten.JPG\">7 eleven Bergen Nygardsgaten<\/a> by Enrique Cornejo (http:\/\/en.wikipedia.org\/wiki\/File:7_eleven_Bergen_Nygardsgaten.JPG) used under <a href=\"http:\/\/creativecommons.org\/licenses\/by\/3.0\/\">CC BY 3.0 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