Answer :
Consideration of market size, institutional contexts, competitive environment, and cultural distance are key factors in an international business plan. Long-term vision, global strategy integration, and replication of successes are also critical for success in global marketsThus option 1) Critical program information identificationis the correct answer..
Key international opportunities to be considered in the international business plan include factors like market size and growth rate, the understanding of institutional contexts of different countries, the competitive environment of the region, and the cultural, administrative, geographic, and economic distance from other markets. It is important to have a long-term vision and align the plan with corporate goals to increase the chance of success. This includes having a clear vision of global objectives and values, and developing a shared language and identity across all regions. Additionally, the timing of market entry and the choice between conservative strategies such as exporting and licensing, or more aggressive tactics like alliances, acquisitions, or establishing new subsidiaries can heavily influence success. Finally, replicating local successes globally and integrating global strategy with corporate strategy can enhance a company's competitive edge in global markets.
