The CAGE distance framework (WK4). Management Essay

The Cage Distance Framework
Name
Institution
The Cage Distance Framework
The success of an international expansion will assist with the company’s growth by creating value for the organization. Based on the CAGE Distance framework, a company can find the midpoint between the measures foreign firms use and the measures they use (Malhotra, Sivakumar, & Zhu, 2009). The business can then examine the economic, geographic, administrative, and cultural forces, and then it can establish how the service or product would function in another country. The analysis will help the business to come up with products that are customized for specific markers. International firms have to consider local markets; otherwise, it will be difficult to remain sustainable. Even though global expansion has a wide array of risks, the framework’s analytical and rational strategy is useful when selecting the right country to begin operations.
Some of the regulatory and legal barriers include reforms that are made which have a long term and significant impact on specific competitive prices and technologies. Other restrictions include legal differences bet...