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 ?
Measuring the degree of internationalization of a firm: a comment.
Social networks and the internationalization of chinese entrepreneurs.
Given the necessity to develop deep and liquid financial markets, complete internationalization of the RMB is not a realistic outcome in the near future.
In sum, internationalization of the RMB is work in progress.
Responses to the two strategic orientation questions were used to classify organizations into the value chain internationalization framework (See Figure 2).
H5) International Perspective: On the 7-point Likert scale, mean perception that internationalization of their organization is critical to its success was significantly higher for those in category 4 (6.
By combining the learning theory and the new venture theory of internationalization to study the extent to which small and medium-sized companies would engage in international activities, De Clercq et al.
Moreover, some research works point out that internationalization of firms is motivated by some other factors, such as network positions and markets (Fletcher 2008; Liuhto, Jumpponen 2003).
3) To devise a set of recommendations for APEC economies to build capacity for successful internationalization.
Our work suggests that vicarious learning and searching can complement congenital learning, and that knowledge relevant to the early stages of internationalization develops through means other than experiential learning.
The responsibility for internationalization sits firmly in the corporate headquarters, with 46% of companies locating it entirely in their corporate HQ, and 33% having some regional representation
For instance, Welch and Luostarinen state, that the internationalization process is seen as gradual and sequential, through which firms become increasingly committed to, and involved in, international markets.