Miami WindSails Wants to Export But, as a Small Family

question 31

Multiple Choice

Miami WindSails wants to export but, as a small family business, is cautious, particularly with respect to financial risk. What is a strategic step that you would advise Miami WindSails to take to increase its probability of exporting successfully?

• A) avoid the use of export management companies to contain costs
• B) enter several markets simultaneously to hedge risk
• C) enter a foreign market on a small scale
• D) wait for export opportunities to come to them
• E) avoid recruitment of local personnel

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Definitions:

Values

Core beliefs or principles that guide an individual's actions and judgments.

Multiple Linkage Model

A theoretical framework suggesting that the effectiveness of a leader is linked through multiple variables, including the situation, leader behavior, group behavior, and outcomes.

Mediating Variables

Variables that explain the relationship between two other variables, often clarifying how or why such a connection exists.

Supportive Leadership

A leadership style characterized by a focus on the well-being and needs of team members.