"Investment through local office establishment"
Any local representative office, corporation and branch fall into this category. Pro: you gain a direct and flexible control of the business. Con: sometimes high cost.
"Investment through exchange or buying of corporate stock including partnership agreement"
You are able to direct the business and act as if you had management resource and power. Pro: you can achieve much of the mutual goals through a positive relationship. Con: differences in managerial goal directly influence a cooperative relationship.
"Investment through merger and acquisition"
Divisional merger and acquisition are included. Immediate operation, acquisition of qualified personnel and operational synergy are targeted. However, cross-cultural synergy and business culture must be assessed carefully.