A major success factor in building a business in another country is

Question

Quizplus · Accepted Answer

Hiring talented citizens of the foreign country is a major success factor as it helps to build local expertise and knowledge, which is essential in understanding the local market, culture, and consumer behavior. It also helps to build strong relationships with local suppliers, governing bodies, and other stakeholders. Hiring local talent can also gain support from the community, generate positive word-of-mouth, and strengthen the company's brand image. On the other hand, hiring citizens from the United States or judging candidates based on U.S perceptions may lead to cultural clashes, miscommunications, and other challenges. Selling American products may not always be successful in a foreign market as it may not align with local preferences and needs.

A Major Success Factor in Building a Business in Another