Competitive benefit or offset domestic drawback in Markets

Question

What are the ways to get competitive benefit or offset domestic drawbacks in outside Markets?

Answer 1

The Quest for Competitive benefit into outside Markets:

There are three methods in which a firm can gain competitive benefit or offset domestic drawbacks by expanding outside its domestic markets:

i. Use location to lower costs or get greater product differentiation.

ii. Transfer competitively important capabilities and competencies from its domestic markets to outside markets.

iii. Use cross-border coordination in methods that a domestic-only competitor cannot.