Referencing Styles : Harvard
1- Choose a country. Research, and be prepared to report on, that country’s (a) stage of economic development, (b) political-legal environment, (c) cultural environment, and (d) technological environment. If you were advising an entrepreneur who was considering entering this country to sell his or her products, what would you say were the major strategic issues? (Be specific to the country chosen.)
2- We typically focus on firms from well-developed economies entering markets of less developed economies. Do firms from less developed economies have a chance of success if they enter developed markets, such as the Australia? What competitive advantage could a firm from a less developed economy rely on in entering developed markets? What would likely be the best entry mode?
3- Using the Internet, obtain copies of three patents that are at least three years old. What are the elements that are common across these patents? What are the differences? Which do you believe will be the greatest success? Can you find any evidence of products that are now on the market that incorporate any of these patented technologies?
4- Provide three examples of companies that use trade secrets to keep competitors from imitating its products. What activities do they undertake to maintain this secrecy? How effective do you think they are?