What Kind Of Industry Be Most Likely To Choose Going Global?

One of the most important “dos” is for countries to pay renewed attention to the market selection which they are competing in. More precisely, these countries should focus on maximizing their opportunities where they can find cultural, administrative/political, geographic, and economic affinities. Companies use three different techniques to compete globally. These techniques are adaptation, aggregation, and arbitrage. According to Ghemaway, companies must be able to “vary products, policies, market positioning, and so on to suit local markets.” However, this method of adaptation is intended for companies which have large success and not those who have marginally. Another, important “do” is for “companies to externalize some of the costs of adaptation via franchising, joint ventures, or other types of partnerships.” Some “don’ts” are not put adaptation above all because it would get rid of competitive advantages and not to over-rely on localization. Relying too much on localization would hinder the value of across borders for a

There are benefits and there are risks associated with diversification into global markets. Diversification into global markets means a company is seeking to have the control in one central area instead of in many different areas because ultimately they are seeking to control their costs. The main advantage of a global market is that a company does not need to make a lot of variations of a product. They can instead just make one quality standardized product, which means it is easier for the company to keep everyone on the same page in regard to any changes or innovations to their products. Ultimately having a global market means

Apple is not only a known brand, but also a reliable one. Many consider them, to be an electrical giant. The fact that Apple decided to take its company global created both advantages and disadvantages, both local and overseas. Here are some of the pros that are associated with Apple's decision to go global. Apple created 700,000 jobs in overseas countries, decreased the overseas unemployment rate, decreased labor costs, increased profit margins, and productivity to meet high demands for their products. All of this was possible because they entered into a more flexible, diligent, and industrialized workforce in the overseas market.

Many companies today want to expand their business to the international business, which can bring cost down and profits up. Taking a business internationally means knowing the rules and regulations of the countries you are entering. There can be many issues with going global which include cultural barriers, diversity issues, multicultural issues, political issues, and economical issues. It is very important to know how important expansion is to the company and what implications will come from going global.

Moreover, Yip, Loewe, & Yoshino (1988) caution that before managers embark on globalizing all or part of their business they first need to determine if the business can or should be globalized. Factors within the companies industry such as economic, environmental, competitive, and market forces must be analyzed. For example, market forces determine if customers will be receptive to a company’s product; economic forces determine the profitability of the product; managers must be aware of the implications associated with environmental requirements such as taxes,

Answer: d. With licencing, a company provides technological know-how to a licensee in the foreign country. Although quality control can be a factor in the licensing contract, the licensee, not the licensor, would have the actual control over product and service quality. Distractors: a) An exporting strategy would result in increased cost savings from economies of scale by producing the product at a single location. b) An advantage of a strategic alliance is that it strengthens the competitiveness in a foreign market by allowing the parties to focus on what they do best. c) An advantage of an exporting as an entry strategy in a foreign market is that is has the lowest degree of risk. Establishing a subsidiary in the foreign country has a high degree of risk.

Based on Tata Group’s experience, we can see the advantages and drawbacks of going international as follows:

Global Connections' mission is to be known for connecting the world to the Internet. Brazil needs to be connected and Global Connections is the company to facilitate that move forward. In conjunction with the government, Global Connections will alleviate digital divide.

Firms pursue an international strategy in order to take advantage of the larger market for potential consumers and buyers of products and services on a global basis, as compared to the limited markets available in the home countries of businesses. In this way, expansion into the international market presents companies with a large scope for growth opportunities (Hitt et al., 2011, p. 219). Firms are also better able to earn a larger gain from their investments due to the larger potential market. Firms are able to ramp up production and other capabilities so that they can achieve better economies of scale and make the same quality products and services more cheaply. There is also bigger scope for performance and for innovation, since a diversity of markets offers a wide range possible strategies for bringing exciting new products to market and attempting new management and business strategies.

If the product is not doing good in the home country, why we should try to go global? May be some boss may think the foreign country will be adopting the product better compare to the home country, and I think this is wrong. The Product is the company’s core.

Companies may face variety of advantages and disadvantages upon going internationally. The advantages are expected to produce different strategies, performance goals as well as even forms of market participation at the time of entry. Among the advantages are accesses to new customers. Companies going internationally are able to look for customers outside of their native country. This means that they will have numerous customers that contribute much to their business. This will definitely increase the demand for their products and hence increase the profit margin higher compared to the companies doing businesses locally. For an example, McDonald’s is able to look for customers other than from their native country when they set up business abroad.

What is globalization? Globalization is the integration of systems worldwide (Bateman & Snell, 2008). For an organization to maintain competitive in the evolution of the business environment, the organization must constantly look out for the opportunities to grow. As a major factor in most business functions, globalization has allowed businessmen all over to explore a much wider group of customers eliminating the dependency of local and limited clientele. There is also a much broader environment for international networking that allows business to gain insight on worldwide interest that could assist in the expansion and development of an up and coming or already established company (Recklies, 2001). When a business ultimately decides to enter into a globalize mind set there are a few things to consider. They must first be certain that this is a risk that they are willing to take simply because it is not guaranteed that all business that take their products and services worldwide will be successful in doing so.

The first political issue that may come about due to global expansion is the loss of customers due to outsourcing. The second political issue would be the abuse of an individual(s) human rights which has the same outcome as the first issue as well as bringing in bad publicity for the company. To correct the human rights violation or possible violations, a company could put forth the effort to incorporate a training program for its employees. The economic dimensions of globalization have attracted the most popular attention, much of which has been negative due to the frequency and variety of conflicts for which the process is blamed (Lerche III, n.d.). The competition of globalization has caused companies to become innovative. They have taken these new innovations to come up with new products and methods of production. From a global standpoint, this can be very destructive for companies. This is a problem because of the unemployment rates of the company whose once promising product is now on the outside looking in. this can also be a problem for communities and the environment. No matter how you look at this, there will always be competition amongst these different companies which means it would just be smart for your company to use the technology advances available to stay on top. The second economic issue would be getting the approval of the financial markets for the proposed macroeconomic

The purpose of this study was to enhance knowledge attained previously on globalization and hot it would empirically affect an organisations performance i.e. investigating and exploring globalization and performance relationships. The results of the study provided a strong and substantial amount of support arguing that globalization can be beneficial at the same time be unfavorable and destructive for organisations. Therefore, it is recommendable that innovative and effective strategies are designed, executed, analysed and implemented to enable firms to capitalize on global market opportunities while carefully managing its intrinsic threats in order to be able to survive for long-term in today 's globalized business environment.

• International companies are in a position to exploit three sources of competitive advantage --– global efficiencies, multinational flexibility, and worldwide learning --– that are unavailable to domestic firms. The text provides examples