Which internationalisation model is an extension of the Uppsala model?

Prepare for the Maastricht Global Business Test. Learn with flashcards and multiple choice questions, each with hints and explanations. Ace your test!

Multiple Choice

Which internationalisation model is an extension of the Uppsala model?

Explanation:
The network internationalisation model is considered an extension of the Uppsala model because it builds upon the notion of gradual internationalisation while introducing a focus on relationships and networks. The Uppsala model emphasizes a step-by-step approach to market entry, highlighting how companies gain knowledge and reduce risk as they expand internationally. In contrast, the network internationalisation model suggests that firms are not only influenced by their internal processes and knowledge but also by their relationships and interactions within a web of networks. This model recognizes that business relationships, partnerships, and social networks significantly affect how companies operate across borders. It accounts for the complexities of international business environments by emphasizing the role of ties with other firms, customers, and stakeholders in facilitating internationalisation. Therefore, by integrating the insights of the Uppsala model with an emphasis on networking, the network internationalisation model provides a more comprehensive understanding of how internationalisation occurs in today's interconnected global economy.

The network internationalisation model is considered an extension of the Uppsala model because it builds upon the notion of gradual internationalisation while introducing a focus on relationships and networks. The Uppsala model emphasizes a step-by-step approach to market entry, highlighting how companies gain knowledge and reduce risk as they expand internationally.

In contrast, the network internationalisation model suggests that firms are not only influenced by their internal processes and knowledge but also by their relationships and interactions within a web of networks. This model recognizes that business relationships, partnerships, and social networks significantly affect how companies operate across borders. It accounts for the complexities of international business environments by emphasizing the role of ties with other firms, customers, and stakeholders in facilitating internationalisation.

Therefore, by integrating the insights of the Uppsala model with an emphasis on networking, the network internationalisation model provides a more comprehensive understanding of how internationalisation occurs in today's interconnected global economy.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy