INTERNATIONALISATION

Internationalisation as a Growth Strategy



Table of Content

Introduction3

Background of the Study3

Significance of the Study4

Statement of the Purpose5

Discussion and Analysis5

Statement of the Problem6

The Theoretical Approach8

Importance of Location10

Internationalization: Key to Growth10

The Value of the Internationalization11

Background of the Case12

Risk and Challenges14

The Impact of Trade Liberalization15

Internationalization through Globalization:16

Regionalism and Its Openness to Internationalization16

Regionalism and Globalization: Causes and Differences17

The Key Factor19

The Governments and Their Relationship to the Globalization19

Conclusion20

Internationalisation as a Growth Strategy

Introduction

Internationalization is the process of designing software so that it can adapt to different languages ??and regions without engineering changes or code. Localization is the process of adapting software for a specific region by adding specific components of a locale and translation of the texts, which also can be called regionalization. But the literal translation of English is the most widespread (Thatcher, 2007, pp 56-89).

The combined effects of the three factors that define the trend towards globalization and economies of proximity defined as a corollary to the trend towards regionalization. The trend towards globalization tends to define a division of labour on a global, centred on the major centres of consumption and concentric peripheries defined by economies of time and movement. According to the logic of economies of proximity, it is more important to locate activities close to consumption centres to save time and movement, to try to develop international trade. Of course this logic is stronger for certain goods or services for others. High technology products catering to changing market niches tend to be located close to major consumption centres. More standardized products where the labour component or raw materials is high may be located in more peripheral areas. Some companies such as Microsoft and IBM use the term globalization to refer to the combination of internationalization and localization (Sparrow, 2006, pp. 137-140).

Background of the Study

Demographics of corporations are an area of interest that has not been fully explored by researchers. The lack of consolidated information has left a void in the current literature in order to understand how globalization has changed the composition and performance of companies over time. The progression over time and the current trend being witnessed within emerging markets can provide insights into the future direction that the global environment will take. Globalization of corporations, no matter the size, has become a necessity for strategic expansion. We explore several variables pertaining to the internationalization of the world's largest 500 companies as reported by Fortune Magazine based upon their 2009 global listing. We also identify and analyze trends among these leading organizations in order to further our understanding of the composition and performance of multinational organizations and their corporate homes over the past five years.

International business scholars have debated the rationale and location of multinational enterprises for many decades. Dunning (2011) suggested that the general lack of attention to this subject is at least partly due to the fact that traditional explanations seemed satisfactory and that scholars were just not very interested in the subject. Petersen (2010) has shown that multinational companies from emerging and developing economies ...