When businesses think about going global, picking how to enter a new market is a big deal. Whether you're exporting, licensing, or teaming up with local companies, each choice has its ups and downs. It's not just about getting your product out there; it's about finding the best fit for your brand and goals.
Key Takeaways
- Entry modes are the methods businesses use to enter new markets internationally.
- Exporting is straightforward but offers less control over marketing and distribution.
- Licensing involves sharing your brand, which can be low-risk but might limit control over your intellectual property.
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Choosing the Right Entry Mode: Exporting vs. Licensing vs. Partnerships
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