When deciding to take their business global organizations ha

When deciding to take their business global, organization\'s have seven ways to do so. Please describe in detail three of these approaches, their advantages and disadvantages. Finally, in general, how do all of these approaches differ?

Solution

The ways to take the business gloval are as follows:-

If we increase our sales and products in the existing market, it will definitely makes the organisation global & also it is the most easiest and risk free way of making the organisation global.

It require various business strategies as well as big locations. It will built up relations with the customers as well.

If we have a product that are according to the specifications and needs of the customers, it will make the organisation global. This is also called as normal evolution in the business. This is also a risk free way of extensioning the business.

This way of getting global is a costly method, it requires a huge cost but if the business is successful it will make the organisation global. It makes us able to interact and communicate with thye people of other localities and also to extend our business in other countries as well.