Key Reasons Why Organizations Enter Foreign Markets

Abstract

Research interests: economics, strategic management, economic competitiveness at both micro-and macrolevels; human capital development; HR management; knowledge economy; knowledge management; project management; management in the education sector. This article focuses on the reasons why organizations expand their businesses onto foreign markets as well as different ways in which organizations can enter foreign markets along with the factorsKEY REASONS OF ORGANIZATION'S ENTRY 8 assisting organizations in making this entry successful. Emphasis is made on the importance of globalization and on how globalization has changed the course of doing business in the 21st century.

Export knowledge, export commitment and coffee export performance in Ethiopia

“…In addition, the international market also helps to understand the business. Consequently, the company increases its efficiency by entering different foreign ventures that assist them in using advanced technology and improving quality which as a result, the technological and quality enhancement can contribute to financial stability [ 28 ]. Besides that, firms can quickly identify their global competitors [ 29 ].…”