Multinational Corporate Strategies
A market entry strategy is a plan that a company creates to begin selling products or services in a new market, which involves understanding the local market conditions, competition, and potential risks. Companies must choose the right approach to enter a foreign market based on their goals, resources, and the nature of the market itself. This strategy can significantly impact a firm's success and includes various methods such as forming partnerships, acquiring existing businesses, or establishing wholly owned subsidiaries.
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