What is Cage model explain in detail?

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.

Who introduced CAGE framework?

Pankaj “Megawatt” Ghemawat
Pankaj “Megawatt” Ghemawat is an international strategy guru who developed the CAGE framework to offer businesses a way to evaluate countries in terms of the “distance” between them.

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 significance of the CAGE framework in international business?

CAGE Framework helps the companies to identify the middle ground between the one size that fits all and the mass customization of the extremes that are typically applied to most global strategies and efforts towards the product development.

What is the difference between CAGE framework and Pestel framework?

We discuss two approaches in depth: the CAGE framework, which looks at cultural, administrative, geographic, and economic differences between countries, and the PESTEL framework, which focuses on political, economic, social, technological, environmental, and legal aspects.

What is Economic distance?

Economic or cost distance : Economic distance is mainly related to transport cost. So we may said that when transport cost between two places is related to the distance is called Economic or cost distance.

What are the cage dimensions?

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

What are four factors in Ghemawat’s cage analysis?

To that end, Ghemawat grouped these factors into four broad categories that are responsible for the CAGE acronym: Cultural, Administrative, Geographic, and Economic.

What is the purpose of cage framework Mcq?

What is the purpose of the CAGE framework? a) The CAGE framework investigates to what extent home demand, home factor conditions and domestic rivalry are important to multinational firms.

What is distance in transport?

Transport distance is jointly expressed in geographical units, cost, and time. Logistical distance. A complex representation that encompasses all the tasks required for a movement to take place between two locations.

What is relative distance in geography?

Relative distance is a special form of measurement used in geography to elaborate on a number of societal factors. Relative distance measures the social, economic, cultural, and political relationships between two places, even if they are physically located far away.