What is one reason that a company would choose to expand internationally quizlet?
Globalization 1.0: 1900-1941 Show
Globalization 2.0: 1945-2000 Globalization 3.0: 21st Century Helps MNEs that pursue a low-cost leadership strategy Examples of low-cost raw materials: Was a key driver of Globalization 1.0 and 2.0 India carved out a competitive advantage in business process outsourcing (BPO), not only because of low-cost labor but because of an abundance of well-educated, English-speaking young people. Infosys, TCS, and Wipro are some of the more well-known Indian IT service companies. Taken together, these companies employ more than 250,000 people and provide services to many of the Global Fortune 500. Many MNEs have close business ties with Indian IT firms. Some, such as IBM, are engaged in foreign direct investment through equity alliances or building their own IT and customer service centers in India. More than a quarter of Accenture's work force, a consultancy specializing in technology and outsourcing, is now in Bangalore, India Helps MNEs that pursue a differentiation strategy Foreign direct investments provide access to: AstraZeneca, a Swiss-based pharmaceutical company, relocated its research facility to Cambridge, Massachusetts, to be part of the Boston biotech cluster, in hopes of developing new R&D competencies in biotechnology. Cisco invested more than $1.6 billion to create an Asian headquarters in Bangalore and support other locations in India, in order to be in the middle of India's top IT location. Unilever's new-concept center is located in downtown Shanghai, China, attracting hundreds of eager volunteers to test the firm's latest product innovations on-site, while Unilever researchers monitor consumer reactions.
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Get faster at matching terms Terms in this set (120)Sets with similar termsWhat is one reason that a company would choose to expand internationally?One of the reasons why businesses expand globally is to be able to provide a reliable service to their international clients. A good global reputation will attract new customers. Expanding abroad allows a company to build name brand recognition and establish credibility internationally.
What are the fundamental reasons for a company to expand internationally quizlet?Terms in this set (6). Five Reasons Companies Expand Internationally. Availability of Supplies. ... . Availability of Supplies. Companies go where they are closer to the resources needed for their company.. New Markets. Find new demand overseas.. Lower Labor Costs. ... . Access to Financial Capital. ... . Avoidance of Tariffs and Import Quotas.. What are five reasons companies expand internationally?If you're on the fence about taking your company global, consider these five benefits of international business expansion.. New markets. ... . Diversification. ... . Access to talent. ... . Competitive advantage. ... . Foreign investment opportunities.. What are the three major reasons why businesses decide to go global quizlet?Economic.. Competitive.. Technological.. Political/Legal.. Sociocultural.. |