Internationalization

Internationalization

Introduction

Internationalization is a process by which a company is able to do business in foreign markets. Internationalization of a business is important in the modern times as it is laced with many uncertainties and booms and slums. There are a lot of processes in internalization of firms which are all interconnected and the firm that is going to internationalize should consider these factors. Factors that lead firms to internationalize include costs minimization, searching for new opportunities, saturating domestic market and diversification of the markets. In order to internationalize, a firm needs to take all these factors under consideration as these are ...