Expanding the business globally

May 14th, 2015
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University of Salford
Course: general
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Expanding globally is a very big step for every business and requires a lot of thought and planning. Expanding the business globally affects the business and also the country in which the business operates.

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Expanding the business globallyExpanding globally is a very big step for every business and requires a lot of thought and planning. Expanding the business globally affects the business and also the country in which the business operates. There could be a lot of reasons for a business to expand to the other parts of the world; these could include faster growth, cheaper inputs for the business like raw materials and labor, new market opportunities and more sales. Global expansion also affects the region and the country as there would be more diversity in the organization which means more foreigners working in our country or our people leaving for the target country, import and export could also have an impact on the country in which we operate our business. Expanding your business is a risky step and requires a lot of planning, a business could be exposed to a lot risks when entering

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