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1 page/β‰ˆ275 words
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Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
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Topic:

MGT/4/D. Suitable Distance and International Expansion

Essay Instructions:

275 words
Discuss the CAGE Distance Framework that firms should consider when choosing which foreign markets to enter.
What conditions help managers determine which type of distance is most likely to affect the success of an international expansion? Provide an example.

Essay Sample Content Preview:

International Expansion
Author’s Name
Institutional Affiliation
International Expansion
CAGE Distance Framework
The aim of the CAGE Distance Framework is to help the companies in identifying certain differences between countries. The four differences that are highlighted by the CAGE framework are Economic, Geographic, Administrative, and Cultural. These differences must be taken into consideration by any organization before crafting international strategies. The framework developed by Pankaj Ghemawat can be utilized for understanding the information, flow of individuals, and patterns of capital that serve as important factors for organizations (Hasan, Ibrahim & Uddin, 2016). The CAGE framework undoubtedly becomes a guide for the organizations in determining how similar market functions are differently categorized in other states. Moreover, it helps in identifying the current range of products that are easy to transplant in the global market in a low budget.
Suitable Distance and International Expansion
Each distance pertains to have different dependencies and conditions based on which a manager can determine whether it is suitable for international expansion or not (Picciotto, 2017).
Cultural Distance
In this case...
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