Why do we give so much importance to globalization and internationalization?
Posted: Sun Jan 26, 2025 6:02 am
Very simple, we find ourselves immersed in a world where digitalization has advanced enormously, users are connected 24 hours a day, 365 days a year, and consequently the markets are active throughout the year, this is due to technological development.
Globalization is a process that cannot be reversed and is becoming more and more accelerating and encompassing as the years go by, and if companies are not able to adapt to these advances, they will remain stagnant.
It is necessary to think globally and not set geographical limits on the marketing of our products and services, since we must take advantage of the opportunities in current emerging markets such as China, India or Brazil.
Among the advantages of internationalization we can find an increase in competitiveness, greater growth in the market, consolidation of products and the brand abroad, lower costs taking advantage of economies of scale .
But we must emphasize that not everything will be perfect, internationalization venezuela whatsapp number database is an option that all companies must take , but at the same time it must be very clear that it is a complex process and that the ideologies and customs of other countries change a lot on various occasions due to the differences of each country, whether economic, political, or of any other kind.
Determinants of globalization and internationalization
1. Economic liberation
2. Adoption of free market ideologies
3. Rise of developing countries
4. New technologies
5. Elimination of trade and financial barriers
So, what is globalization?
So, what is globalization?
It focuses on establishing a permanent presence in another geographic area to market its products and/or services. It focuses on using the available resources of other countries strategically to take advantage of the different opportunities that are being offered in other markets.
We can talk about globalization in various ways depending on whether it is globalization to the entire world, to a specific country or to a specific sector.
On a global scale, we speak of an economic interdependence between the countries that operate, which is reflected in transnational flows such as goods, services or capital.
At the scale of a specific country, we analyse the intensity of the interactions between the economy of that specific country and the rest.
At the industry level, it is the degree to which the competitive position of a firm in that industry in a particular country is determined by its competitive position in another country.
Globalization is a process that cannot be reversed and is becoming more and more accelerating and encompassing as the years go by, and if companies are not able to adapt to these advances, they will remain stagnant.
It is necessary to think globally and not set geographical limits on the marketing of our products and services, since we must take advantage of the opportunities in current emerging markets such as China, India or Brazil.
Among the advantages of internationalization we can find an increase in competitiveness, greater growth in the market, consolidation of products and the brand abroad, lower costs taking advantage of economies of scale .
But we must emphasize that not everything will be perfect, internationalization venezuela whatsapp number database is an option that all companies must take , but at the same time it must be very clear that it is a complex process and that the ideologies and customs of other countries change a lot on various occasions due to the differences of each country, whether economic, political, or of any other kind.
Determinants of globalization and internationalization
1. Economic liberation
2. Adoption of free market ideologies
3. Rise of developing countries
4. New technologies
5. Elimination of trade and financial barriers
So, what is globalization?
So, what is globalization?
It focuses on establishing a permanent presence in another geographic area to market its products and/or services. It focuses on using the available resources of other countries strategically to take advantage of the different opportunities that are being offered in other markets.
We can talk about globalization in various ways depending on whether it is globalization to the entire world, to a specific country or to a specific sector.
On a global scale, we speak of an economic interdependence between the countries that operate, which is reflected in transnational flows such as goods, services or capital.
At the scale of a specific country, we analyse the intensity of the interactions between the economy of that specific country and the rest.
At the industry level, it is the degree to which the competitive position of a firm in that industry in a particular country is determined by its competitive position in another country.