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Expanding The Firm 's Business Operations Globally Into Emerging Markets

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Introduction
Expanding the firm’s business operations globally into emerging markets like India have challenges of their own, depending on how one would approach the problem. Firstly, if the company wants to expand its business individually by setting up a field office or a branch in another country, it has challenges of its own, like acquiring local talent to getting to know the local laws. Also, incorporating the culture of the parent company into the new country along with training the employees come with extra costs. Secondly, if the company wants to outsource some its IT operations offshore, it comes with challenges of its own, like incorporating the work culture and including the domestic workforce with the country’s local workforce. To enforce both the goals it is better to create a global culture with shared goals, values, and human resources that can support the business operations globally. There are several benefits with a global workforce; diverse backgrounds in both culture and education, different skills that can be benefited from by the company. While expanding business operations globally, the culture of the new market must be taken into account, both the work culture and the culture of the country. Finally, expanding the business is always faced by several challenges globalisation is no exception. Strategically planning and facing such challenges can result in an excellent workforce that is managed globally and also an expansion of the business

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