Reference no: EM133020416

Question: Although national boundaries, cultural differences, and geographical distances all pose barriers to entry into many markets, significant opportunities draw businesses into the international arena. Global firms must formulate a successful strategy to take advantage of international opportunities. Managers must develop global mind-sets. Global tech firms must work within local laws and obtain local licenses to grow their customer base. (Hitt, Ireland & Hoskisson, 2016).

Scenario: You own a company in the United States and have been considering developing a global footprint. You decide what you provide in terms of products and services). Choose a country outside of the United States. Evaluate and discuss the incentives that are offered to local companies considering global expansion. Determine the benefits and costs for a local company. List at least ten factors you must consider as part of this analysis Hitt M.A., Ireland R.D. & Hoskisson R.E. (2016).

Strategic Management: Concepts and Cases (12th Ed.). Cengage Directions to student: The final paragraph (three or four sentences) of your initial post should summarize the one or two key points that you are making in your initial response. You will be writing three or more discussion posts per week. Your main post must be two to three substantive paragraphs 150-200 total words and include at least two APA-formatted citations/references. Please follow up with two subsequent replies to colleagues. Each reply should consist of a relevant paragraph containing 100 words or more.