Resposne the below in 210 words each:
1. What is the regionalization/localization strategy? How does it differ from globalization?
2. There are institutional effects on international competition that can create opportunities, or constraints, for firms considering entry into specific markets. What are the four ways formal institutions affect international competition?
3. Companies go international for different reasons. What are the four reactive (defensive) reasons to go international? Explain.
4. The influence of culture changes the approach to decision making. Give examples of how different cultures approach decision making.
5. What are the steps toward effective intercultural communication? Explain each of them. In developing cultural sensitivity, Business for Diplomatic Action has advice for Americans when doing business abroad. What are their suggestions?
NEED IN-TEXT CITATION WITH THE FOLLOWING REFERENCE:
Reference:
Deresky, H. (2011). International management: Managing across borders and cultures (7th ed.). Upper Saddle River, NJ: Prentice Hall.