Benefits of Global Expansion

Benefits of Global Expansion Students Name Institutional Affiliation Course Code and Name Instructors Name Date Benefits of Global Expansion Given the current technological advancements, the world has become an easy place where people and organizations form different regions can connect. This desire for connectedness has created the need for organizations to expand into the global environment to tap new opportunities. While this expansion might sound as an easy venture, it is important for people to understand that it comes with benefits and challenges. This article will explain the concept of globalization, why organizations feel the need to expand using examples ad the importance of ethics in key business decisions. Domestic business Environments: This refers to the environment of a business’s home country. Entities operating in this environment only have branches of its business in the home country. All the transactions of this business also takes place in the home country. It can also be termed an as home trade (Alkhudari, 2022). In-N-Out Burger is of the major entities that has operations in its home country, hence qualifying to operate in an internal business environment. The company only serves in the US and this means it is yet to experience the benefits or challenges of globalization. It operations focus on the needs of the domestic consumers. International Business environment: This refers to an environment where the businesses operating in it does not belong to the home country. Transactions are made overseas and the consumer and producer may reside in differ...