Benefits of Global Expansion Southern New Hampshire University INT 220: Global Dimensions in Business 02:51:35 GMT -05:00 Benefits of Global Expansion In business, the decision to expand into the global market is one that could open an organization to be available to more opportunities that i...
In business, the decision to expand into the global market is one that could open an
organization to be available to more opportunities that it, otherwise, would not reap the benefits.
Globalization through international resources is a common business tactic in this day and age.
The international expansion of an organization or business can provide growth opportunities and
the progression to the next stage in the business world. The access to opportunities, as well as
the challenges that are included, are exponentially greater than the company would have seen
prior to expansion. This article will explore types of business environments, the benefits of
expansion, and the ethical considerations in the decision for globalization.
Business Environment Types
There are domestic and international business environments that one should know the
difference of when choosing to expand globally. A domestic business environment must
conduct all operations within the borders of the country in which it resides, and is limited to
transactions from buyers and sellers located only within the country’s borders who are paying
with the country’s same currency. With International business environments, they differ because
the organization can operate across two or more countries outside of its home country with
buyers and sellers that purchase with different currency. Globalization is the defined as “the
shift
toward a more independent and integrated global economy” (Dunung, 2020). With the bigger
geographical area to make revenue, companies like Wish and Temu, can diversify and add
other products to maximize the potential of their companies.
Organization Examples
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller newage. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
