Risks of a greenfield venture are offset by the advantages

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Reference no: EM131682690

Thomas Hodel helps Black Diamond by increasing the company’s _(longterm orientation, econimic interdependence, global mindset, performance orientation)___, because he brings a European perspective to the U.S.-based business. When Thomas says, “It takes a long time to really figure out the differences in Europe,” he is speaking of using the _(cognitive/_emotional)__ aspect of cultural intelligence (CQ).

Imagine that before Black Diamond initiated its greenfield venture in Zhouhai, China, Peter and Wim asked for your advice. What would you have told them about greenfield ventures? Check all that apply.

The plant in Zhouhai has the potential to be highly profitable.

More than any other direct investment strategy, a greenfield venture gives a company complete control over the operation.

Because BD makes mountaineering equipment that users depends on for their lives, the risks of a greenfield venture are offset by the advantages.

To make greater profits, though at greater risk, BD could manufacture equipment domestically and export it to Asia.

Reference no: EM131682690

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