for Teachers for Schools for Enterprise
for Teachers for Schools for Enterprise
Copyright
Course Navigator
Practical Application: Identifying Benefits of International Expansion in BusinessNext Lesson 

The Benefits of International Expansion in Business

Chapter 1 /  Lesson 2   Transcript
Try it risk-free for 30 days

An error occurred trying to load this video.

Try refreshing the page, or contact customer support.

Coming up next: Practical Application: Identifying Benefits of International Expansion in Business

You're on a roll. Keep up the good work!

Take Quiz Watch Next Lesson
 Replay
Your next lesson will play in 10 seconds
  • 0:00 International…
  • 1:30 Benefits
  • 2:48 Lesson Summary
Add to Add to Add to

Want to watch this again later?

Log in or sign up to add this lesson to a Custom Course.

Login or Sign up

Timeline
Autoplay
Autoplay
Speed

Recommended Lessons and Courses for You

Lesson Transcript
Instructor: Rana Abourizk

Rana has a Masters Degree in Business Administration and is pursuing a Doctorial Degree. She has been teaching online for over a year. She has a strong business background.

Many businesses have found that there are a lot of benefits to expanding globally. Today, we will go over the many benefits and advantages of international expansion.

An International Expansion Success Story

The international expansion of a business is when a business takes the borders of their market outside of the country in which it was originally established. In this lesson, we'll take a look at how international expansion can benefit a business.

Ben developed a recruiting company for information technology jobs in the United States and was doing very well. He noticed many of his recruits came from South America. Ben decided to have some of his employees travel to different locations in South America and open a few branches there. Prior to doing so, the employees spread the news through social media, word of mouth and online advertising. Ben also made sure to check if the locations were well-populated, if the businesses in the area were doing well, and to review any laws for doing business in each of the countries. He did his homework before going international. Five years later, Ben has become a very successful business owner and CEO. He's developed many good relationships with customers, employees, and partners overseas. He's also filled many IT jobs. This has given Ben and his company a good name internationally and back home.

Ben and his team work hard to meet company goals. He appreciates his team's opinions and includes them in every important decision that he makes. His team supported him to expand globally. They helped him do research on the project and even traveled abroad to check the location and talk to the public.

Benefits of Expanding Internationally

There are many benefits of expanding your business internationally, such as:

To unlock this lesson you must be a Study.com Member.
Create your account

Register to view this lesson

Are you a student or a teacher?

Unlock Your Education

See for yourself why 30 million people use Study.com

Become a Study.com member and start learning now.
Become a Member  Back
What teachers are saying about Study.com
Try it risk-free for 30 days
Description

Earning College Credit

Did you know… We have over 160 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Research Schools, Degrees & Careers

Get the unbiased info you need to find the right school.

Browse Articles By Category

Browse an area of study or degree level.

Recommended Articles
You are viewing lesson Lesson 2 in chapter 1 of the course:

 Back To Course

Assessing Globalization Opportunities for a Business

3 chapters | 13 lessons

Ch 1. Why Companies Go Global
Ch 2. How Companies Go Global

The Benefits of International Expansion in Business Related Study Materials

Create an account to start this course today
Try it risk-free for 30 days!
Create An Account

Explore our library of over 75,000 lessons

Browse by subject
Support