Assignment:
There are many methods a firm might use to enter a foreign market. Such methods might include joint ventures, subsidiaries, franchising, foreign manufacturing, and licensing. A firm would analyze these methods and attempt to determine which one best suits their foreign market entry strategy.
Your group task is to compare and contrast the joint venture and franchising as strategic approaches to business. Using current business world examples, compare and contrast these two methods and discuss advantages and disadvantages of each method.