I want 250 to 300 words to answer the following:
Imagine that you are the manager of a US based company that is considering an international expansion into China. (You can pick the type of business.) What mode of entry would you be most likely to choose for the initial project? What would be some of the determining factors behind your choice? What would be your second choice or contingency plan if your first choice didn't work out and why?
(Modes of entry include: Export and import; Management contracts; Licensing; Franchising; Joint ventures &strategic alliances; Wholly owned subsidiaries (FDI))