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3. firms with key managers well networked internationally are able to accelerate the internationalization process

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User Aloong
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1 Answer

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Final answer:

Firms with well networked international managers can accelerate the internationalization process by gaining access to valuable resources and market information.

Step-by-step explanation:

Firms with key managers well networked internationally are able to accelerate the internationalization process. As a firm becomes established and its strategy appears likely to lead to profits, knowing individual managers and their business plans on a personal basis becomes less important because information about the company's products, revenues, costs, and profits becomes widely available.

With strong international networks, firms can access valuable resources, market information, and partnerships that can help them expand into international markets more quickly and efficiently.

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User Chika
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