Question

Explain the categories and approaches of international busines

Answer 1

Polycentric approach – Under such an approach a company's policies and procedures are based on host country. The local market needs and requirements are met by a team of local employees and various foreign subsidiaries are established to work independently to achieve the objectives and plans of the organization.

Answer 2

Explanation:

Entry modes for international businesses include global concentration, global synergies, and other strategic global motivations.

With the complexity of international operating environments, organizations should consider economic, technological, legal, socio-cultural and environmental factors.