internationalization


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internationalization

or

globalization

the expansion of a firm into foreign economies by EXPORTING, but more specifically by FOREIGN INVESTMENT in the establishment of components factories, manufacturing plants and sales subsidiaries. See MULTINATIONAL ENTERPRISE, FOREIGN MARKET SERVICING STRATEGY.

International growth provides additional sales opportunities for firms constrained by the small size of their national markets and serves to reduce their dependency on a single national market to generate profits. See STRATEGIC DIRECTION.

internationalization

see MULTINATIONAL COMPANY.
References in periodicals archive ?
2 The internationalization of higher education: concepts, opportunities, and challenges.
It was in the early 1990s, however, with the spread of economic globalization, that international cooperation in higher education expanded at an unprecedented speed and that the term internationalization began to be used.
Specifically, we argue that the geographic scope of firms' internationalization path and firms' international experience will influence the balance between benefits and costs at different internationalization speeds.
1 The Relationship Between Internationalization Speed and Firm Performance
Moreover, guanxi networks are increasingly being taken into account for the understanding of the internationalization process.
Though internationalization may seem a feasible process to well-established firms at the domestic level, it is, however, a complex one during which companies are required to overcome difficulties and constant challenges.
The rate of internationalization integration in class is not high
The distribution of the rate of internationalization integration in class looks like a spinner bait with two small heads and a big middle as shown in Figure 1.
Second, while there are studies examining barriers along the internationalization process (e.
Internationalization has a positive effect on firm performance in Chindia countries.
Franchising, dual degrees, distance education and various articulation models are important forms of internationalization of higher education.
Additionally, internationalization of higher education institutions is a growing focus of many studies.