1.Choose a country.

Research, and be prepared to report on, that countrys (a) stage of

economic development, (b) political-legal environment, (c) cultural environment, and (d)
technological environment. If you were advising an entrepreneur who was considering
entering this country to sell his or her products, what would you say were the major strategic
issues? (Be specific to the country chosen.)
Ans: Nepal, the Federal Democratic Republic of Nepal is a landlocked country bordered by
China to the north and India to the south, east, and west with an area of 147,181 square
kilometres and a population of around 28.9 million. Nepal has unstable political environment
effecting the economic growth of the nation as a result discouraging the investor to invent on
the development. So in this situation it will be foolishness to think getting investment from
the investors. How ever we can see significant rise in GDP annual growth rate from
3.85%(2014) to 5.48%(2015)
After a successful transformation from monarchy to Republic of Nepal, the local and foreign
investors are having the positive vibes towards the creation of prosperous business
environment. The expectation of proper legislation from constituent assembly to secure and
promote investment in the country is enormous. Despite of all these positive vibes regional
violence and boundary disputes is taking a new height.
Nepal is a secular nation consisting of 81% Hindus. There has always been a religious
tolerance and harmony amongst the people with mutual respect amongst the different casts.
However, some political parties want to reinstate Nepal as a Hindu nation.
Nepal is a developing country so it will be wiser to say less about technological environment.
Most of the technological equipment and accessories are imported from the neighbouring
countries. We are only producing and exporting agricultural goods and some amount of
electrical energy. However, Nepal has greater potential on the field of hydroelectricity.
The major strategic issues for an entrepreneur entering to Nepal are: Improper legislation or
inefficient government effort to safeguard intellectual property rights. Small enterprises
operate illegally due to lack of government attention. Less innovation and less productivity
are the result of small market, discouraging the entrepreneurs.
2.We typically focus on firms from well-developed economies entering markets of less
developed economies. Do firms from less developed economies have a chance of success if
they enter developed markets, such as the Australia? What competitive advantage could a
firm from a less developed economy rely on in entering developed markets? What would
likely be the best entry mode?
Ans: There is a reasonable chances of success for firm entering from less developed
economies to the developed markets such as Australia. It is a bit challenging and steady
process in the beginning of the new business but when the time moves on the business will
start to flourish in the new environment and gain success Normally less developed economies
represent the developing countries lacking the proper laws and rules to safeguard innovation
and intelligence. In addition to this they do not have clear policy and flexibility making this
as a competitive advantage while entering developed markets. Production control and market
control will be best entry mode.

3.Using the Internet, obtain copies of three patents that are at least three years old. What are
the elements that are common across these patents? What are the differences? Which do you
believe will be the greatest success? Can you find any evidence of products that are now on
the market that incorporate any of these patented technologies?
Ans: System for the efficient utilization of navigation satellites
Method for identification of satellites arranged on geo orbit
Device and method for receiving signals emitted from satellites
All these three patents are satellites and are used for the utilization identification and
receiving the information. The differences between these three technologies are that they
have different objectives and are well defined for doing some specific tasks. To add more to
this they have different orientation and technologies used to perform the task.
In terms of success I believe all will have similar impact as they are designed for doing some
specific tasks irrespective of their similarities
GPS Car Navigation System incorporates the Method and device for efficient dissemination
of information in a satellite navigation system
4.Provide three examples of companies that use trade secrets to keep competitors from
imitating its products. What activities do they undertake to maintain this secrecy? How
effective do you think they are?
Ans: The three companies that use trade secrets to keep their competitors from imitating its
products are:
a. Tuborg Beer
b. Coca cola
c. KFC
Tuborg makes lager for global export and known throughout the world for its exceptional
quality and refreshing taste. It is made up of water malt yeast and hops as a secret ingredient.
So maintaining the secrecy about hop is key to prevent imitation.
Coca cola which is one of the most popular and largest selling soft drink in the world is
prepared by mixing carbonated water with coca cola syrup. The secret is the ingredients used
to prepare coca cola syrup. So the secrecy of key ingredients is the safer way to prevent
imitation.
KFC is a fast food restaurant chain that specializes in fried chicken. KFC secret mix of herbs
and spices prevent it from imitation.

REFRENCES
https://en.wikipedia.org/wiki/KFC
http://pericles.ipaustralia.gov.au/
http://www.freshpatents.com/
http://countrymeters.info/en/Nepal