Success and failure factors for firms doing business in foreign markets in the age of globalization

Explain why Sweden and Norway are so close to each other geographically, institutionally, and culturally, but the Telia-Telenor merger failed, and why Sweden and China are so far away from each other geographically, institutionally, and culturally, but Chinese company Geely’s acquisition of Swedish Volvo Cars turned out to be a success saga. Discuss the success and failure factors for firms in doing business in foreign markets in globalization. Use only the attached resources. (850 words)