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Business School 101 with Dr. Yang discusses the six different modes firms can use to enter foreign markets: exporting, turnkey projects, licensing, franchising, joint ventures, and setting up wholly owned subsidiaries. Each strategy has its own pros and cons, and managers need to carefully consider which one to use. Dr. Yang will explain these entry strategies, their advantages and disadvantages, and provide real-world examples in this video. Exporting is a common method since it does not require production in the host country.
