Explain in Detail Why Companies Should Consider Exporting

question 25

Essay

Explain in detail why companies should consider exporting.Describe the four-step model of developing a successful export strategy.

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Definitions:

Extrinsic Rewards

Extrinsic rewards are external incentives given to an individual or employees, such as money, gifts, or recognition, to motivate performance or specific behaviors.

Maslow's Hierarchy

Maslow's hierarchy of needs theory in psychology posits that human motivation is driven by a sequence of five fundamental needs: physiological, safety, love and belonging, esteem, and self-actualization.

Esteem Needs

Psychological needs in Maslow's hierarchy that include self-esteem, respect from others, and status, contributing to feelings of self-worth and accomplishment.

Need Motivation Theories

Psychological theories that propose people are motivated by the desire to fulfill basic needs such as safety, belonging, and self-esteem.