It appears that AES underestimated the challenges of establishing a successful business venture inthe former Soviet republic of Georgia. Do you think Ghemawat's CAGE framework could havehelped AES' executives better understand the risks and opportunities of investing in Georgia? Whyor why not? Which dimensions of distance did the company overlook or fail to give sufficientconsideration? In retrospect, is there anything the company could have done differently tomitigate risks and enhance its prospects for success? Be sure to support your argument withspecific examples from the documentary "Power Trip." Answer the questions using up to 500words.

AES, an American energy firm, faced enormous obstacles in developing a successful economic operation…

Answered: It appears that AES underestimated the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Cirque du Soleil ("Circus of the Sun" or "Sun Circus") is a Canadian entertainment company and is the largest theatrical producer in the world. Privately owned Cirque du Soleil, started in 1984 by a troupe of stilt-walkers from nearby Baie-Saint-Paul in Quebec, reinvented the circus. Believing people worldwide were ready for something different to make them happy, they abandoned traditional acts such as lion tamers and bearded ladies. Instead, Cirque du Soleil offered dramatic, exquisitely choreographed shows marked by mystery and intrigue. Likewise, unlike traditional circuses, Cirque du Soleil targeted adults rather than children. Today, Cirque du Soleil is now one of Canada’s most important cultural exports, employing 5,000 people at eight permanent shows in Las Vegas and at 12 other troupes that tour the world. In 2017, Cirque du Soleil’s gross revenue was estimated to exceed Canadian $1 billion—it does not reveal its profits. As with any cultural product in a globalizing world,…
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