Complete the following tasks:

• Define liability of foreignness and regionalism. Discuss how it relates to and how it impacts international strategies.
• Describe corporate strategic alliance and discuss why a company would want to develop one. Are strategic alliances necessary for a company to expand internationally?
• Describe the primary reasons for failure of an international strategic alliance. Identify at least four fundamental issues that affect trust between partners, and explain when an acquisition is more favorable than a strategic alliance.