Wal-Mart’s efforts to enter the Russian market several years…

Wal-Mart’s efforts to enter the Russian market several years ago were unsuccessful. The Arkansas-based company was looking to acquire an existing retail chain but kept losing out to other players with a local presence who were able to react more quickly to the news of investment opportunities. Its efforts appear to have been hampered by ______ distance. 

Had Wal-Mart been more attuned to the critical role that tra…

Had Wal-Mart been more attuned to the critical role that trade unions play in the German business context helping to broker dialogue between workers and management it might have had a better chance of success.  In other words, it needed to be more aware of ______ distance.

You own a snack company and are looking to open a plantain c…

You own a snack company and are looking to open a plantain chip factory in the Republic of Froosbeckistan. You want to enter the market quickly and need a zoning permit to begin construction. The issuance of these permits is not automatic and local governments can take months to decide whether to approve or deny them. As such, you pay a local consultant a sum of money to speed things along. Within a week of making the payment, the permit is granted. The payment would most likely be considered a violation of the Foreign Corrupt Practices Act.