Failing to adapt products, communication issues, and overlooking existing market competition are common reasons for international businesses without global agility to flounder.
Global Agility in International Business
1. Offering products that are popular at home but not in other cultures: Failing to understand and adapt to the unique preferences and needs of different markets can lead to failure.
2. Miscommunicating due to poor language translation: Communication barriers can hinder effective business operations and lead to misunderstandings.
3. Failing to realize that a product already exists in other countries: Neglecting market research and competition analysis can result in entering saturated markets unintentionally.
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