Some firms choose not to expand internationally because they believe international operations are riskier and feel their best long and short-term growth opportunities are in their domestic markets, where there is safety. Some firms also lack the size and resources to move internationally. Going globally can be challenging when there are no sufficient resources to cater to costs and if the target market has legal, environmental, and political risks. Depending on the nature of products going global involves dealing with numerous travel and export regulations which can become a trade barrier affecting the business.
Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response.
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Academic.Tips. (2022) 'Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response'. 5 December.
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Academic.Tips. (2022, December 5). Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response. https://academic.tips/question/determine-why-given-the-advantages-of-international-diversification-some-firms-choose-not-to-expand-internationally-provide-specific-examples-to-support-your-response/
References
Academic.Tips. 2022. "Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response." December 5, 2022. https://academic.tips/question/determine-why-given-the-advantages-of-international-diversification-some-firms-choose-not-to-expand-internationally-provide-specific-examples-to-support-your-response/.
1. Academic.Tips. "Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response." December 5, 2022. https://academic.tips/question/determine-why-given-the-advantages-of-international-diversification-some-firms-choose-not-to-expand-internationally-provide-specific-examples-to-support-your-response/.
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Academic.Tips. "Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response." December 5, 2022. https://academic.tips/question/determine-why-given-the-advantages-of-international-diversification-some-firms-choose-not-to-expand-internationally-provide-specific-examples-to-support-your-response/.
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"Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response." Academic.Tips, 5 Dec. 2022, academic.tips/question/determine-why-given-the-advantages-of-international-diversification-some-firms-choose-not-to-expand-internationally-provide-specific-examples-to-support-your-response/.