COMM 103 Chapter Notes - Chapter 3: Foreign Direct Investment, Financial Regulation, Sinopec
27 Aug 2016
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Document Summary
The development of new markets is beneficial & harmful to canadian markets it has increased the demand for canadian resources, but also forces canadians to improve cost competitiveness to compete with foreign businesses. Many international businesses are so large that they can compare to some countries". Gdp (e. g. walmart"s billion is 30% of canada"s gdp). Businesses from developing countries are also competing with north american markets (e. g. tata steel (india), sinopec (china)). Many small-medium sized businesses are also expanding beyond local/regional/national borders due to the ongoing technological revolution. Whether it is through operational growth, strategic alliances, formal partnerships, mergers, or acquisitions, the global marketplace is becoming home to an increasing number of businesses seeking to operate via an international-based business model. There are 5 main reasons companies decide to go global: As domestic markets become saturated, organizations will look beyond their current countries to discover new markets for their products/services.
