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International Expansion - Assignment Example

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The business world is full of competition with many local business organizations creating awareness of their products. In entering in a new country an entrepreneur has to carry out…
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International Expansion
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International Expansion International Expansion Difficulties of Enter in New Country for Entrepreneurial Business Currently, it isdifficult for an entrepreneur to start or establish a business in new country. The business world is full of competition with many local business organizations creating awareness of their products. In entering in a new country an entrepreneur has to carry out research of the competitors and find means of outweighing the competitors by either providing discount. It is also difficult to acquire business operation license in some countries and entrepreneur will incur a lot of money. Foreign investors have to pay government taxes and this can reduce the income due to additional expense (Ritzer, 2010).
Methods of Globalization
There are different methods of globalization and they include internationals trade, economic globalization and social cultural globalization. International trade involves exchange of services, capital and goods across territories or borders. People are involved in importation and exportation products from one country to another or across continents. Social culture globalization is the exchange of cultural and social practices from different countries like the spread or western culture (Ritzer, 2010).
SWOT Analysis Assistance to Business Owners about Failure and Success of Establishing Business Internationally
When establishing a business internationally, application of SWOT analysis will held the business owner in understanding many aspect. The strengths will help the business owner to understand the factors or things which will help him in establishing the business. The weakness will help the business owner in identifying the points or the things which needs improvement. After identifying the weakness the business owner will have the chance to improve and eliminate each weakness. The opportunities will help the business owner to notice the things which will enable him to prosper. Proper use of opportunities will enable the business to work effectively. The threats will enable the business owner to identify things which needs to be worked on for effectiveness (Ritzer, 2010).
Reference
Ritzer G. (2010). Globalization: A Basic Text. New York: John Wiley & Sons. Read More
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