Answered: What are some basic strategies for…

Business

Operations Management

What are some basic strategies for internationalizing operations?

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter6: International Management

Section6.7: The Necessity Of Global Markets

Problem 1CC: What are the factors and approaches that organizations can take when deciding to go global?

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A: Below is the solution:-

Question

What are some basic strategies for internationalizing operations?

Expert Solution

Step 1

Globalization is the process by which the business or organization extend its operations internationally by developing international influence. This is developed by integrating and interchanging the views, products, cultural aspects, etc. internationally.

Step 2

Leading business internationally is a very significant & crucial decision complete by the business & requires loads of effort & correct decisions in order to make it an actual. It not only offers innovative opportunities for development & profit but also offer repute to business internationally.

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