Pros and Cons of Going International

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

In recent decades, internationalization has been more and more common in over the world. This is a great opportunity and challenge that many businesses can earn a lots new experiences and practice themselves when they work in a new environment. Also, internationalization is a good way for companies expand their power and reputation. So these companies or organizations might improve themselves with new knowledge which they learn from foreign countries in order to gain more profits and benefits.

Sales can be increased by entering, creating, or targeting fast growing markets, and profit can be increased by lowering the cost of goods, and/or increasing revenue. And by entering foreign markets a company can follow its customers abroad, attack in a competitors home market, use foreign production to lower cost and protect that market, bypass certain political issues, acquire technology and know-how, and geographically diversify their market to increase profits,

billion with a sales growth rate of 33%.10 Referring to the expansion timeline and sequence of new markets entered, the approach of the countries targeted for the business model adaption – primarily focused on trade-volume and potential – is simple and economically worthwhile.

In economics, internationalization is the process of increasing involvement of enterprises in international markets, although there is no agreed definition of internationalization.[1]There are several internationalization theories which try to explain why there are international activities.

Nowadays, there has been an increasing trend toward studying abroad among students, especially the ones from developing countries where their education systems are not as advanced as the one of developed countries. People hold different opinions about the positive and negative aspects of studying overseas. Some argue that there are several challenges and difficulties when living in a totally strange land that causes students not to concentrate absolutely on their living. Others, however, assert that pursuing educational opportunities overseas is a life-transforming chance. I find the latter opinion more convincing because of the advantages of learning a new language and culture, improving self-reliant skill as well as

Research on the International business is the study of transactions across national borders. The KPIs of internationalization theories are all about the influence of the environment, the organizational impact on internationalization, the choice of international strategy and the results of internationalization.

When an organisation takes that step to expand from a domestic to an international platform, one of the most important factors to consider is marketing. International development for a company can be challenging, and the two overarching factors to take into account are; technology and globalisation. Technology dictates what the market wants. Globalisation dictates the economic realities of international development. The opportunities of marketing internationally include Market Expansion, Brand Reputation, Global Networking, and access to Future Opportunities . The challenges that marketing internationally creates for a firm are; Global Market Needs, Brand Name Power, Cultural Factors, International Partners, and the Logistical aspect of distance and time . Overall, in modern society with all the aspects of globalisation and technology it is significantly easier to be develop a company to an international level, which can create huge profits.

All business (sales, logistics, transportation, investments) that take place between two or more countries or nations is called International Business. International Business is a practice that not only involves commercial transactions, but also the exchange of economic resources, skills, people, capital, etc. to produce or provide services to various industries. Over the years many companies have ventured into other areas beyond their political boundaries to make their businesses multi-national. Companies such as McDonald’s, H&M, FedEx, LG, Shell, and so many more. Companies face many obstacles when

Companies can decide to go global or to enter international markets for various reasons, and these different objectives at the time of entry that enable the business to produce different strategies and the performance goals, and even forms of market participation.

Well known companies like Nike, Microsoft, Sony, Shell Group are just some of the big companies that went global and expanded their trading around the world, they are large businesses that operate internationally in many countries. Development of worldwide integration urges companies to reach out international markets and interact with foreign customers. Businesses focus on fulfilling the demand of the market by its products or services, besides their target is increasing profit, in order achieve these goals they favor to expand their work in a foreign market. Other reasons to internationalize their business may be to become

Managers are looking to globalize operations, developing new markets for their products for better strategic business outcomes. Consumers have better access to a greater variety of goods and services and competition to reach to the new markets with the right product is getting stronger among businesses. Globalization also gives businesses better access to a global workforce, enables them to tap into international raw materials and financial resources. As the world economy is fast becoming a single interdependent system, businesses have competitors, customers, employees from anywhere in the world.

Internationalisation in general is “the process by which a company enters a foreign market” (Rugman, Collinson, 2012, p. 733) and can also be identified as “the growing tendency of corporations to operate across national boundaries.” (BusinessDictionary.com, 2015)

International businesses have emerged in the recent past which are benefitting economies of countries, especially the emerging markets. The

Therefore, companies required acquisition of different resources on the foreign land that are necessary to run the company. Therefore, in present situation the company is going to acquire poly carbon blades for wind turbines as well as calibrating equipment. This equipment is necessary to make sure that the company’s operations are going better in the realm of the current business process. The internationalization takes place when companies establish their operational base in the foreign land and the business operations and processes are carried out in the international borders of the countries. In present situation the same thing is happened and the internationalization took place.