Licensing is defined as "the method of foreign operation whereby a firm in one country agrees to permit a company in Another Country to use the manufacturing, processing, trademark, know-how or some other skill provided by the licensor".
It is quite similar to the "franchise" operation. Coca Cola is an excellent example of licensing. In Zimbabwe, United Bottlers have the licence to make Coke.
Licensing involves little expense and involvement. The only cost is signing the agreement and policing its implementation.
The mode of entry into foreign market is through legal path, whereby you do all the registration of the business.
One can enter into international business through exporting, licensing and merchandising or through some special modes such as contract manufacturing, turnkey projects. One can also enter through foreign direct investments with and without alliances.
not follow the procedure of their licensor
The extender strategy is when a firm expands into foreign markets that are similar to their current market. They use strategies that are currently successful to expand the business.
Its a licence
1. foreign licensing 2.sub-contracting 3. ???????? 4. PROFIT
The mode of entry into foreign market is through legal path, whereby you do all the registration of the business.
indirect exporting
Which mode of entry (i.e. licensing, franchising, strategic partnership, joint venture, wholly owned subsidiary, etc.) is most appropriate for entering a foreign country?
••Direct Exporting•Indirect Exporting•Licensing Arrangement with Foreign Companies•Franchising arrangement with foreign companies•Contract ManufacturingManagement Contracts•Turnkey Projects•Direct Investments•Joint Ventures•Mergers & Acquisitions are the modes to enter the international market:)
Franchising as a mode of entry for foreign market
A foreign market is any market besides the one based in a person's own country. For example, to an American, China would be part of the foreign market. But to a Chinese person, America would be part of the foreign market.
what factors influence the choice of market entry method?
manipulate in the securities of the FOREX(foreign exchange market)..
Licensing proprietory technology to foreign competitors is the bes way to up a firms competitive advantage discuss
Enid Baird Lovell has written: 'Researching foreign markets' 'The changing role of the international executive' 'Appraising foreign licensing performance' -- subject(s): Corporations, American, Foreign licensing agreements, American Corporations
Why and how business enter to survive in foreign market