Question

What are the advantages and disadvantages of international expansion?

Answer 1

There are many advantages involved with expanding your business internationally

1) More market or Target audience leadin to Additional revenue through increase in sales

2) Access to new technologies

3)Acces to new/skilled labour

4)Access to new cultures and people

5)You can learn a lot and bring in best practices

6)Exposure to more Foreign Investors(FIIs/FPIs)

7)Brand image as a global company

Also there are disadvantages

1) Entry and exit barriers which is a major downfall

2)Compliance, the regulatory rules vary a lot across countries

3)difficult to cope up with new cultures.

4)strong competition from existing local players or non-local disadvantage

5)Time zones issues when working concurrently

6)Fluctuations in currency exchange

7)local politics and terrorist activities