Factors associated with Entry Mode Timing of an Entry FIRST MOVER ADVANTAGE Scale of Entry & Strategic Commitments ENTRY MODES Explain exporting, turnkey projects and licensing entry modes with their advantages and disadvantages. Explain franchising, joint venture and wholly owned subsidiaries with its advantages and disadvantages. SELECTING ENTRY MODE PROS & CONS OF ACQUISITION PROS &CONS OF GREENFIELD VENTURES What is strategic alliance? What are the advantage and disadvantages of strategic alliance? What are the factors contributing to the success of an alliance?