The phase model of globalization is one in which a company makes the transition from a domestic company to a global company in three sequential phases. The three phases are exporting, wholly owned subsidiaries, and strategic alliances.

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The phase model of globalization typically involves stages such as exporting, licensing/franchising, joint ventures, and wholly owned subsidiaries, but not specifically in the order mentioned, and strategic alliances can occur at various stages, not as a distinct phase following wholly owned subsidiaries.

The Phase Model of Globalization Is One in Which a Company