Things to consider for company looking to expand internationally

[Johnson2468]

Market research
International business expansion
Language barriers
Logistics and supply chain management

 

[Magnus2022]

There is need for the company to consider religious and cultural differences and tolerance level. This have ruined many businesses. For instance, Nigerians are highly religious people, a disregard of their religious beliefs can meet religious violence and antagonistic behaviors.

 

[hastral45]

Before company can consider to expand internationally it must first consider the working environment of the country. The market potential and the stiff competition it is going to face.

 

[Shavkat]

If a company is planning to expand intenationally, it needs to know the legal actions in operation. What laws and requirements need to be given by the company and other things.

 

[SHAHID987]

The market potential and company's environment plays very important role, company must be on improving trend because working internationally is not an easy task but it required a lot of preparation.

 

[Springtime]

There are certain things you need to consider to expand internationally.
1. Understand the legal requirements of setting up a business
2. Research the market demand of your product and the competition
3. Customize your offer to the market
4. Understand the Customs and Culture

 

[IB D]

You need to understand how international politics work. You should understand how diplomatic relations work. Above all, you must study and understand how the business environment in that country works.

 

[Niyi Briggs]

You would need to understand the laws that govern business operations in that country. You would also have to consider the structure of the labour force, if it would be able to provide needed manpower for the kind of business.

 

[cherry123]

Yes you are right company trying to expand should do Market research internationally. International business expansion comes with Language barriers which the business will need to sort thsy out and also look at the issue of logistics

 

[nomad]

You will have to see if the products you are trying to sell are in demand or not and if you can earn enough profits or not. Recently, a local business in my home country started selling in the US but could not survive the competition because the products were being sold cheaper than the company could afford.

 

[eldavis]

Your target audience is another factor to consider as well. As a business owner looking forward to expand internationally, it should be expected that you already know your target audience. What you need to do is find out if your target audience is also available in that country as well.

 

[Stardom22]

There are many factors that a business that is aspiring to move over to the international borders. Some of them are the: Legal procedures required to open a business over there.

 

[Elendu]

That is why you need to Build relationships with local stakeholders, including customers, suppliers, and regulators, is critical to success in international markets and much effort to understand and respect local customs, and establish trust and credibility through open communication and transparency.

 

[Niyi Briggs]

You would have to understand the sentiments that drive market in a particular country you want to invest in. I saw someone mentioning Nigeria and how religion and culture affects business survival. These are some of the sentiments that affect market in Nigeria