What is ghemawat CAGE Distance Framework?

What is ghemawat CAGE Distance Framework?

The CAGE Distance Framework identifies Cultural, Administrative, Geographic and Economic differences or distances between countries that companies should address when crafting international strategies. It may also be used to understand patterns of trade, capital, information, and people flows.

What are the four factors in Ghemawat’s cage?

Ghemawat’s CAGE framework covers four factors—culture, administration, geography, and economics.

What is CAGE framework used for?

The CAGE Distance Framework is a tool that can be used to uncover important differences between various countries that companies should take into account when deciding on their strategy. The acronym CAGE stands for Culture, Administrative, Geographical, and Economic.

What are the 4 components of cage analytical framework?

The CAGE Distance Framework divides the differences between how countries do business into four categories which help to simplify the analysis. They are Cultural, Administrative, Geographic and Economic and provides a broader view of “distance” among countries than just the obvious one.

What is the difference between CAGE framework and Pestel framework?

The PESTLE Analysis, the CAGE framework and the SMART Model, are acronyms, referring each to a set of specific perspectives from which to assess any Enterprise, as follows:- The PESTLE focuses on: the Political, Economic, Social, Technological, Legal and Environmental aspects,- The CAGE focuses on the perspectives of: …

What are the cage dimensions?

The four CAGE dimensions are: Cultural Distance. Administrative Distance. Geographic Distance.

What is CAGE framework example?

A CAGE framework example of cultural difference is how the people of the new market will use and interpret the company’s offer. For example, Fanta soft drink is peach flavored in Botswana, and the same product is adapted to appeal to the taste and cultural differences of the Japanese market to be more floral.

What is the PESTEL DC analysis?

The PESTEL/PESTLE analysis model is a strategic management tool for identifying the external factors (political, economic, social/sociocultural, technological, ecological/environmental, and legal) that shape the conditions of the remote or macro-environment, which in this case is that of the e-commerce enterprise.

Which is better PEST or SWOT?

SWOT takes a more balanced approach and allows the company to consider internal factors it has control over alongside external influences over which it has no control, but needs to prepare for. Performing a thorough PEST analysis helps companies to more deeply analyze the threats section in SWOT.

What is PEST and example?

pest. A general term for organisms (rats, insects, etc.) which may cause illness or damage or consume food crops and other materials important to humans.

What is SOAR analysis?

What is a SOAR Analysis? “SOAR is a strategic planning framework with an approach that focuses on strengths and seeks to understand the whole system by including the voices of the relevant stakeholders.