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:
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- 4-6 pages in length
- Support your analysis by referencing and citing at least three credible sources in addition to the course textbook.
- Use APA style guidelines, citing references as appropriate.