According to Michael Porter,in most cases a firm that succeeds in global markets has first succeeded in _____________ competition.

Question

Quizplus · Accepted Answer

According to Michael Porter's theory of competitive advantage, a firm that becomes successful in global markets must have first succeeded in intense domestic competition. This is because a firm needs to develop and strengthen its competitive advantages before entering global markets. It must also learn to deal with intense competition in its home market before expanding to global markets where competition is even more intense. Therefore, the correct answer is C) intense domestic competition.

According to Michael Porter,in Most Cases a Firm That Succeeds