The text points out that from a resource-based view, you and your firm need to develop overwhelming capabilities to offset the liability of foreignness. However, how does a small firm do that?
What will be an ideal response?
Answer: Answers will vary but possible responses will relate to how the firm may be able use the resources of larger firms in achieving its objectives. This may be done through franchising or licensing intellectual property to larger firms with greater resources, using intermediaries who have overwhelming capabilities, and entering a joint venture with another domestic company (which has the capabilities needed) in which the small firm puts up intellectual property as its share of the venture.
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Your conclusion should summarize the main points of your presentation
Indicate whether the statement is true or false
The payment of cash dividends to corporate stockholders is decided based on the recommendation of the auditors
Indicate whether the statement is true or false
The ________ role of salespeople primarily focuses on outlining both an account strategy and a solutions strategy for the customer.
A. mapmaking B. fire starting C. information providing D. surveying E. guiding
Ralph has vending machines on his business property for the convenience of his employees. He reports on his income tax form only half the cash collected by these machines. The rest is hidden Ralph's personal account. This practice is an example of ___________.
Fill in the blank(s) with the appropriate word(s).