Market Entry Strategies
Leih, S. Teece, D. (2014), Market entry strategies, In D. Teece and M. Augier (eds). Palgrave Encyclopedia of Strategic Management, London. UK: Palgrave Macmillan.
11 Pages Posted: 19 Oct 2015
Date Written: October 12, 2014
A firm’s business strategies regarding the choice of a market, market entry timing, and entry mode can significantly influence the firm’s performance. A number of factors such as control, experience, and cultural distance can influence the formulation of a firm’s market entry strategy – e.g. whether to choose between licensing and franchising or between joint ventures or wholly owned subsidiaries. Scholars have analyzed the choice of a firm’s market entry strategy from various theoretical perspectives, such as transaction cost economics, the resource-based view, the capabilities perspective and the eclectic framework.
Keywords: Market timing, market choice, market entry mode, global strategy, export strategies, innovation strategies
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