Nanocell (Scenario)
Two years ago, Nanocell, a small Canadian company, began manufacturing a solar cell that holds a charge for 24 hours, many times longer than any competing solar cell. International sales of the palm-sized solar cell occurred quickly, and soon Nanocell was exporting to Australia, China, and Africa. Today, Nanocell is a growing multinational enterprise with sales expected to soar even higher.
-Which of the following statements is best supported by the story of Nanocell?
A) Born globals enjoy fleeting success before succumbing to the pressures of intense competition.
B) The stock value of born global firms fluctuates due to the high risk factors.
C) Flexibility offsets poor strategic decisions and short-term market growth.
D) Size and experience do not predetermine the success or failure of a firm in international markets.
Correct Answer:
Verified
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