Benefits of Global Expansion for Business Firms
Going global allows businesses to diversify markets, ensure revenue stability, access new revenue potential, talent, and markets, and enhance company reputation. Explore reasons why companies prefer global expansion and understand the advantages and disadvantages of operating on a global scale.
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Presentation Transcript
Libyan International Medical University Faculty of Business Administration Discuss the Benefits of Global for a Business Firm Name: Nahawand Elhammali Student ID :2752 Email :nahawand_2752@limu.edu.ly
TABLE OF CONTENT: benefits of global expansion why companies prefer to be global advantages and disadvantages of global business firm references conclusion 2
Introduction: Taking your business global allows you to diversify your markets so your revenue sources are more stable: even if your domestic activity is slow, your business will not take as large of a hit since your global market will make up the difference. 3
7 BENEFIT OF GLOBAL EXPANSION: 1)New revenue potential. 2)The ability to help more people. 3)Greater access to talent. 4)Learning a new culture. 5)Exposure to foreign investment opportunities. 6)Improving your company is reputation. 7)Diversifying company markets. 5
2.WHY COMPANIES PREFER TO BE GLOBAL
When businesses have exhausted growth opportunities at home country, they turn to global expansion to help grow their business. For many companies, international expansion offers a chance to explore markets and gain access to millions of customers, thus increasing sales. Why companies prefer to be global? 7
3.ADVANTAGES AND DISADVANTAGES OF GLOBAL BUSINESS FIRM
ADVANTAGES DISADVANTAGES 1. Entry to new markets. 2. Access to local talent. 3. Increased business growth. 4. Stay ahead of the competition. 5. Regional centres. 1. Cost of establishing and termination of an entity. 2. Compliance risk. 3. Business practices and cultural barriers. 4. Managing international employees. 9
4.CONCLOUSION companies are being "born global," meaning that a firm that sells internationally gains some advantage from internationally distributed purchasing, manufacturing or sales at its launch.
REFERENCES: 8 reasons to expand internationally in 2020. (2020, January 23). Retrieved April 19, 2021, from https://www.capital-ges.com/8-reasons-to-expand- internationally-in-2020/ What are the 7 benefits of going global. (2020, September 17). Retrieved April 19, 2021, from https://www.dynamiclanguage.com/what-are-the-7-benefits-of-going- global/ Sinead. (2020, December 02). The advantages and disadvantages of international expansion. Retrieved April 19, 2021, from https://www.capital-ges.com/the- advantages-and-disadvantages-of-international-expansion/ 11
