How market demand is playing for expanding any type of business operate by single or joint company? (pls help)
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Market demand and Business
Explanation:
- Managers of other emerging market companies may be able to gain insight into their own strategy possibilities by studying these examples.
- Their advent is a boost to local consumers, who now have a greater range of options. However, for many local businesses, the migration appears to be a death sentence.
- They're used to holding dominating positions in protected markets, but now they're up against foreign competitors with a bevvy of advantages: deep pockets, better technology, superior products, strong brands, and seasoned marketing and managerial abilities. Local companies' viability in emerging markets is frequently in jeopardy.
- Managers of local enterprises in emerging markets have had minimal assistance from strategists at multinational corporations, who can draw on a large body of study to advise them on how to join these markets.
- How can they overcome — and perhaps capitalise on — their competitive advantages over competitors from sophisticated industrial countries?
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