Question

What are some global environmental trends affecting the choice of international strategies, particularly international corporate-level strategies?

Answer 1

Liability of forgiveness and regionalization are both global environmental trends that affect the choice of international strategies, particularly international corporate-level strategies. 

Liability of forgiveness refers to firms facing social and economic costs when doing business internationally. 

Regionalization refers to broken up regions operating internationally rather than specific countries. 

Answer 2

Liability for Forgiveness (LOF) and Regionalisation are both affecting international corporate strategies. Multinational firms face challenges from local firms, and additional costs are incurred by multinationals.

What is meant by "corporate strategy"?

A corporate strategy is to enter new markets and compete with various businesses by applying various business strategies such as planning and objectives linked with goals.

Liability for forgiveness has an impact on corporate strategy because foreign firms incur additional costs when compared to domestic firms.Extra costs incurred for doing business in foreign countries are called "liability for forgiveness."

Regionalisation means dividing a region into parts, so internationally, regions are not created on the basis of countries but with a broader outlook.

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