Saturday, October 5, 2019
Globalization of a Domestic Company Research Paper
Globalization of a Domestic Company - Research Paper Example As the paper declares investing in a given country will is affected by a diversity of factors. In this regard, it is crucial for the management of Sterling Limited Company to have an in-depth analysis of these factors. By attention to the most significant factors, this section will focus on the distance of the designated country, the cultural background of the residents, the overall knowledge of the country in question, the language classification as well as the relatives of the chosen expatriates in the new country. As the research stresses the distance between the mother country, the United States, and the designated state for the expansion will be very crucial in the decision-making process. As a core factor of consideration, the aspect of distance will dictate the efficiency of the operations as well as the financial implications of the expansion process. Clearly, the greater the distance between the two countries, the harder the management and the more the operational costs. It is, however, imperative to note that this does not mean that the expansion of the operations of a given company will be limited to countries within the same geographical regions. Impediments facing the expansion of a given company across borders van be internalized through the adoption of a variety of dynamics. The organization will have to invest heavily in telecommunication and communication in a bid to ensure a smoother flow of resources from the headquarters to the satellite branches in other countries.