Lastly two other major concepts tha we learned in class is country portfolio

Lastly two other major concepts tha we learned in

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because they didn’t fully understand their foreign market. Lastly, two other major concepts that we learned in class is country portfolio and industry sensitivity to distance. The country portfolio is a tool that helps firms to analyze and understand countries better prior deciding to enter. The industry sensitivity to distance demonstrates that the various types of distance affect different industries in different ways. Electricity, for instance, is highly sensitive to administrative and geographic factors but not at all to cultural factors. 3. What was the most confusing point in this session? For me, it would be about WTO and whether it is effective in promoting fair trade. Coming from Vietnam, I don’t have much knowledge regarding WTO and their issues. Therefore, when the class was discussing about WTO, I felt a bit lost and didn’t quite understand. I have little knowledge of how WTO works and how people are elected in WTO and so on; therefore, I felt difficult to discuss this topic with other classmates. I also felt quite difficult talking about the World Bank and the United Nations because I don’t have much knowledge regarding those fields. This is because I don’t know how the systems work in those organizations and what issues they are facing, so I couldn’t really comment on how effective they are in doing their jobs. 4. What question(s) remain uppermost in your mind? In terms of revenues, I believe that Walmart is successful. However, when assessing whether Walmart is successful or not in other areas, I wonder if Walmart is really successful. Even though
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the debate in class partly covered this topic, I wish we had some more time talking about this. In addition, since being socially responsible will be costly for firms, I wonder how firms would be able to generate profit while being sustainable?
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