Define institutions in the context of business strategy, and explain the role of institutions when considering entering a foreign market. Explain the role of culture in how these institutions are shaped. Provide at least one example of a country where weak institutions may serve as a barrier to entry for a firm.
Your well-written paper should meet the following requirements:
- 4-6 pages in length
- Support your analysis by referencing and citing at least three credible sources in addition to the course textbook. The SEU Virtual Library is an excellent place to search for scholarly articles.
- Use Saudi Electronic University academic writing standards and APA style guidelines, citing references as appropriate.