A market and network based model for retailers’ foreign entry strategies
Ulf Elg, Pervez Nasim Ghauri, Rudolf R. Sinkovics
Abstract
Ulf Elg, Pervez Nasim Ghauri, Rudolf R. Sinkovics
Abstract
Foreign entry in retailing involves a large number of challenges. Many have to do with building network relationships to actors on different societal levels – involving governments and international bodies as well as business partners. Another critical part is to understand the host market well enough to adapt the retail proposition in a sufficient way. This paper especially considers a retailer’s networking and market orientation activities. Networking is discussed on several levels – including international activities and specific business alliances. We also argue that market orientation has to be studied especially for each host market and not only on a corporate level.
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Foreign entry in retailing involves a large number of challenges. Many have to do with building network relationships to actors on different societal levels – involving governments and international bodies as well as business partners. Another critical part is to understand the host market well enough to adapt the retail proposition in a sufficient way. This paper especially considers a retailer’s networking and market orientation activities. Networking is discussed on several levels – including international activities and specific business alliances. We also argue that market orientation has to be studied especially for each host market and not only on a corporate level.
Key concepts: Business, Host (biology), Industrial organization, Market orientation, Business model, International business, Proposition, Commerce