dc.description.abstract | This study was conducted against a back-drop of International Business Management.
International Business is a term used to collectively describe all commercial transactions that
take place between two or more nations. The objective of the study was to find out the
strategies being employed by global firms to become leaders in Kenya’s domestic market.
This research used a cross-sectional survey design in collecting data from the respondents. In
the study, the total population for the study was all the global firms operating in Kenya;
however close scrutiny is on those which have successfully managed to become market
leaders locally. In this study, emphasis was given to primary data. Content analysis was
greatly used to analyse the qualitative data that was gathered for the study.
According to the findings, factors that have been repeatedly observed as facilitating the ease
or difficulty of entry and operation in Kenya include lack of tax holidays on entry; favourable
profit repatriation policies also facilitate entry of global companies. The free enterprise
market in Kenya makes doing business much easier. Kenya also has a very highly skilled job
market. Also, with Kenya being a growing economy, it has been relatively easy for global
companies to gain momentum in the market due to the growth path. These and other factors
have influenced the migration or otherwise of global companies to Kenya.
The main modes of entry that the global companies that we surveyed used to enter the market
included partnerships, direct entry, mergers, franchising and exporting. These strategies
succeeded and were directly attributed by the respondent companies to their success.
Strategies employed to achieve market leadership included localization and standardization,
mergers, partnerships, market penetration and premium pricing in some remote cases. These
strategies worked well to enhance the leadership of global firms in Kenya. | en_US |