Global Expansion: Respect Local Culture
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Taking your business global is the fastest way to burn cash if you ignore the culture.
It is not just about shipping products overseas; it is a brutal game of risk versus control.
You can play it safe by just exporting, or you can go all-in with a wholly owned subsidiary where
you own everything but risk losing it all. The smartest companies use the Think Global,
Act Local strategy. This is exactly why McDonald’s doesn’t sell beef in India. If you do not respect
the local rules and adapt your vibe, your global expansion is just a really expensive mistake.
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