International Strategy vs Domestic Strategy
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Task: Explain why you think international strategy is important. What is the difference between domestic and international strategic planning?
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Solution Summary
This response provides a brief discussion, of about 250 words, on the reasons for using an international strategy and how it differs from a domestic strategy.
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Having a different or modified strategy for international business is important because the strategy would consider elements not found in domestic models, such as foreign investment information, different marketing strategies for populations that live differently and have different needs. Additional considerations for strategy that must be considered when working internationally are tariffs and taxes in the foreign country, which may ...
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