*4.2. Identification Criteria for Location Selection*

The criteria for location selection have been discussed in many studies. They mainly depend on the characteristics of the enterprise and the operational environment. Therefore, the working group of the case company considered its needs and situation and identified 16 evaluation criteria. The evaluation criteria are summarized and divided into 5 dimensions, which include Economy and Market, Government and Governance, Business Dynamism, Infrastructure, Sustainability and Innovation (Table 1).


## **Table 1.** Dimensions and criteria for the evaluation system.

The "economic and market" dimension refers to the local economy, prices, exchange rates, financial system, market share and market openness. We will evaluate the macroeconomic stability, financial system and product market of the country or region. The "government and governance" dimension refers to the evaluation of the political stability and local security of the country or region. The assessment of the "business dynamism" dimension refers to the assessment of the administrative

costs of the country, local administrative efficiency, operational risks, regulatory systems and corporate culture. "Infrastructure" refers to the assessment of the completeness of infrastructure construction, which includes local transportation infrastructure, water and electricity supply systems, ICT communications and labor adequacy. "Sustainability and innovation" refers to the attitude of the country or region dedicated to sustainable development and leading innovation development. Local sustainability policies/regulations and the cultivation of innovative resources have a significant impact on the sustainable development of enterprises.
