Business Internationalization: Advantages and Strategies
Posted: Mon Dec 09, 2024 5:03 am
Business internationalization is the process of designing products, services and operations aimed at expanding into international markets. It is a practice full of opportunities for companies.
Carrying out an internationalization process is easier than ever due to improvements in the global supply chain and, especially, thanks to the facilities provided by digitalization.
If you are interested in carrying out an ivory coast phone number material internationalisation process and need expert advice, we can help you. At BtrueB we have been developing marketing and sales strategies for over twenty years, most of them specialised in B2B and industrial environments with international projection. Do not hesitate to contact us if we can help you.
6. Strategy for the Internationalization of the Spanish Economy 2017-2027
What is business internationalization?
The internationalization of a company consists of the expansion of a business beyond its original national market. In doing so, it gains access to new environments that can provide it with important opportunities and competitive advantages. This expansion can have a high impact on the company, significantly increasing its turnover and the value of its brand.
Companies that internationalize undertake actions outside the borders of their country. These may include: exports or opening subsidiaries such as new commercial headquarters or manufacturing centers.
There is little knowledge among management teams in companies, especially in SMEs, about how to carry out internationalisation processes. However, these managers are increasingly aware of the unique opportunities that internationalisation offers to business development.
Today, it is easier than ever to carry out an internationalization process. Thanks to the proliferation of international free trade agreements and, as we pointed out before, the growing capacity of the supply chain to distribute products effectively around the world and how easy it is to create sales channels through the Internet.
Advantages of internationalization
Internationalization is an opportunity to strengthen and mature a business in multiple dimensions. It is not just about increasing sales by participating in a larger market. Internationalization can produce many desirable effects:
Expand the market: targeting new territories allows access to new customers, effectively increasing sales volume, as well as the productive capacity of our company.
Improves competitiveness: the company's presence in international markets gives it greater visibility and more information about its customers. In this way, it can improve the design of its products and increase the efficiency of the use of its resources.
Reduce costs: By operating in a larger market, increasing production volume and applying the principle of economies of scale, costs decrease.
Strengthens the brand: Greater awareness of the brand and its products in the global market increases its reputation. It makes customers more confident in its quality and reliability.
Bringing customers closer: If a new production centre is created abroad, the advantages of proximity are multiple. By not having to export products, the supply chain is improved in terms of time, costs and ecological impact. It also eliminates intermediaries and tariffs.
Diversifies risks: reducing dependence on a single market decreases vulnerability to local crises.
Increases the supply of resources: having a presence in another country grants access to strategic goods such as raw materials at a lower cost or more qualified human resources.
Carrying out an internationalization process is easier than ever due to improvements in the global supply chain and, especially, thanks to the facilities provided by digitalization.
If you are interested in carrying out an ivory coast phone number material internationalisation process and need expert advice, we can help you. At BtrueB we have been developing marketing and sales strategies for over twenty years, most of them specialised in B2B and industrial environments with international projection. Do not hesitate to contact us if we can help you.
6. Strategy for the Internationalization of the Spanish Economy 2017-2027
What is business internationalization?
The internationalization of a company consists of the expansion of a business beyond its original national market. In doing so, it gains access to new environments that can provide it with important opportunities and competitive advantages. This expansion can have a high impact on the company, significantly increasing its turnover and the value of its brand.
Companies that internationalize undertake actions outside the borders of their country. These may include: exports or opening subsidiaries such as new commercial headquarters or manufacturing centers.
There is little knowledge among management teams in companies, especially in SMEs, about how to carry out internationalisation processes. However, these managers are increasingly aware of the unique opportunities that internationalisation offers to business development.
Today, it is easier than ever to carry out an internationalization process. Thanks to the proliferation of international free trade agreements and, as we pointed out before, the growing capacity of the supply chain to distribute products effectively around the world and how easy it is to create sales channels through the Internet.
Advantages of internationalization
Internationalization is an opportunity to strengthen and mature a business in multiple dimensions. It is not just about increasing sales by participating in a larger market. Internationalization can produce many desirable effects:
Expand the market: targeting new territories allows access to new customers, effectively increasing sales volume, as well as the productive capacity of our company.
Improves competitiveness: the company's presence in international markets gives it greater visibility and more information about its customers. In this way, it can improve the design of its products and increase the efficiency of the use of its resources.
Reduce costs: By operating in a larger market, increasing production volume and applying the principle of economies of scale, costs decrease.
Strengthens the brand: Greater awareness of the brand and its products in the global market increases its reputation. It makes customers more confident in its quality and reliability.
Bringing customers closer: If a new production centre is created abroad, the advantages of proximity are multiple. By not having to export products, the supply chain is improved in terms of time, costs and ecological impact. It also eliminates intermediaries and tariffs.
Diversifies risks: reducing dependence on a single market decreases vulnerability to local crises.
Increases the supply of resources: having a presence in another country grants access to strategic goods such as raw materials at a lower cost or more qualified human resources.