Order Global Strategy Discussion
“Entrepreneurship” Please respond to the following:
· Go to the Export-Import Bank of the United States’ Website, located at http://www.exim.gov/ , and explore the nature and scope of the services it provides to firms engaged in international business. Imagine that you are the owner of a small, reasonably profitable firm. Propose three (3) ways that the Export-Import Bank of the United States can facilitate your entry into a foreign market. Provide a rationale for your response.
· Examine the role that the concept of foreignness plays in an organization’s decision to enter into a foreign market. Suggest two (2) actions that a foreign firm can take in order to overcome the liability of foreignness. Provide a rationale for your response.
Part 2: Respond to a Peer
Order Global Strategy Discussion
· Go to the Export-Import Bank of the United States’ Website, located at http://www.exim.gov/ , and explore the nature and scope of the services it provides to firms engaged in international business. Imagine that you are the owner of a small, reasonably profitable firm. Propose three (3) ways that the Export-Import Bank of the United States can facilitate your entry into a foreign market. Provide a rationale for your response.
Export-import bank equips U.S based exporters with the needed protection and liquidity to help them when they want to venture into new markets and diversify their range of customers. The bank can help my firm through a working capital guarantee program. For instance, this is where the small businesses are assisted in obtaining finances for their companies. Many lenders are not always willing to give loans to companies venturing into risky markets and situations. Therefore, the export-import bank can help work with the lender to help secure finances for a company (Zuelke
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