Explain the Idea of a Turnkey Project

question 88

Essay

Explain the idea of a turnkey project. Why should a firm use this arrangement to expand internationally? In what industries are turnkey arrangements most common?

---

Definitions:

Bronfenbrenner

Refers to Urie Bronfenbrenner, a developmental psychologist best known for his Ecological Systems Theory, which posits that human development is influenced by different types of environmental systems.

Microsystem

The immediate environment in which an individual directly interacts, such as family, school, or workplace, within the context of ecological systems theory.

Dizygotic Twins

Also known as fraternal twins, these are siblings born at the same time who develop from two separate eggs fertilized by two different sperm.

Fertilized Egg

An egg cell that has been penetrated by a sperm cell, beginning the process of development into a new organism.