Chapter 12,Designing Global Market Offerings,Objectives,Factors to Consider Before Going Global Selecting Foreign Markets Foreign Market Entry Product Adaption for Global Marketing Management & Organization of Global Activities,Major Decisions in International Marketing,Challenges in Going Global,Shifting borders Unstable governments Foreign-exchange Corruption Technological pirating,Criteria for Entry,Market Attractiveness Risk Competitive Advantage,Five Models of Entry Into Foreign Markets,Joint Venture,Licensing: Sell rights to name brand. Contract Manufacturing: make item in host country; manufacturer of product only. Management Contracting: hired as Mgmt. Consultant to host company Joint Ownership: truly partnering with a company in host country, to share expertise and mutual gains.,Internationalization Process,Five International Product and Promotion Strategies,Dual adaptation,Pricing Challenges,Price Escalation,Dumping charges,Gray markets,Whole-channel Concept for International Marketing,Marketing Organization,