Pros And Consequences Of Internationalization

It also requires more of an investment and commitment by the international company which creates a higher risk. There is also the down side of having difficulty managing local resources.

The internationalisation process of the firm has been a subject, which has been motive of study for a number of

Internationalism is a unifying force that has the power to impact every nation in the world and allow for their common good to be apprehended. Through ideal internationalism, political life can be regulated at the global level to construct a more peaceful structure. It has the potential to affect people in both positive and negative ways. Overcoming the difficulties that comes from executing internationalism is one of the key aspects of nationalism, it is up to the governing bodies to conquer it or not.

The business internationalise means a company’s production and business activity are not only confined to one country, but also integrate the different countries’ raw material and labour and technologies to

The concept of internationalism is the idea of getting the best for your nation or nation state, even it being harm to another group.Because of this mindset many nations were able to achieve their national Interest goal for their country and further increase their strength . Although that may be the case on one side, but on the other side the ideology of internationalism can cause pain suffering and problems for other groups. This topics of internationalism have been intensely debated over the years with both sides coming to a stalemate in who side is right or not.The question that is asked is should nation and nation states have an obligation to do whatever is obligatory to reap the benefits of internationalism. Undeniably internationalism can lead to economic benefits for a country even so, the answer to this question is simply no. The bases abaft this answer are because of the perilous repercussions it can have on a nation. The weapon that is knowing as internationalism is one that will always end up harming and ravaging another nation, whether it’s through eradicating their way of life, culture or people and country internationalism will always cause harm.

Slovic, P., Fischhoff, B., & Lichtenstein, S. (1982). Why Study Risk Perception? Risk Analysis, 2(2),

Internationalism should be pursued in order for the the world and its people to have to have lasting safety and security. With the world that people now live in internationalism should be the main focus to try and help combat against terror and violence. To try and make the world safe for everyone no matter the culture, ethnicity or financial state.

Also, internationalization or geographical diversification may lead to problems related to psychic distances. As the company gets more diversified, information flow will be harder due to differences in language, culture, level of education, political systems, foreignness and level of industrial development.

In continuation, Duncan’s framework for assessing environmental uncertainty, which examines the environment from environmental change and complexity perspective, will be used to further analyze the type of external environment and thus methods to overcome and adapt to it. All resources from external environment will be adopted to Fayol’s 4 management functions starting from planning, organizing, leading and controlling. The aftermath of this adoption would result in completing best performance for the organization and thus compete effectively. The model is shown at the figure below:

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).

Plans are based on forecasts which in turn are based on assumptions about what is to be. Scanning the horizon of possibilities is a prudent measure that companies take in order to identify new developments that will test past assumptions or provide insight on new perspectives to possible future threats or opportunities (Gordon & Glen). A tool that helps recognize the ecological deviations and tendencies is known as scanning. “Through scanning, firms identify early signals of potential changes in the general environment and detect changes that are already underway” (Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2015).This is very important to companies because this is how they understand what is happening and how they should adapt to the environment. Scanning can potentially influence companies’ decision-making process and it can also help expose threats, which will help them make the appropriate changes.

Lately, the international financial integration has increased. Over the years, the world economy has witnessed an increase in the number of individuals and businesses using international banking services. In today’s competitive global economy banks have the option to solely service their home market, to export services to foreign markets, or to establish a presence in that market. Essentially, banks have two options of expanding their operations in foreign markets. They can either service foreign clients through their domestic offices or they can establish a presence in the foreign markets. In general, the reasons for bank internationalization in

Measuring a potential business venture has many aspects which the international manager must be aware of in order to convey the correct information back to the decision makers. Being ignorant to any of the aspects can lead to a false representation of the project, and hence an uninformed decision being passed. In order for a business to survive it must grow. For growth to be optimal, management must first be able to identify the most attractive prospective leads. The country as a whole, specifically geography, government, and financial aspects must be looked at in order to yield the best possible picture of the market a company wishes to enter. Concentration should be placed on gathering reliable facts

The practical studies focus on identifying that internationalization was regular or incremental process .The internationalization process is study focusing on attitudes and behaviors of firms in market that are in the process of internationalization. The practical studies focus on identifying that internationalization was regular or incremental process. Some observations are also made on de-internationalization that point towards the flexibility seen in the duration of the internationalization process.

International business is much more complex than operating within the domestic market because countries are extremely different in many ways. The