internationalization
Sign in to saveInternationalization or Internationalisation is the process of increasing involvement of enterprises in international markets, although there is no agreed definition of internationalization. Internationalization is a crucial strategy not only for companies that seek horizontal integration globally but also for countries that addresses the sustainability of its development in different manufacturing as well as service sectors especially in higher education which is a very important context that needs internationalization to bridge the gap between different cultures and countries. There are seve
Article
33 sectionsContents
- Entrepreneurs and enterprises
- Trade theories
- Absolute cost advantage <small>''(Adam Smith, 1776)''</small>
- Comparative cost advantage <small>''(David Ricardo, 1817)''</small>
- Gravity model of trade <small>''(Walter Isard, 1954)''</small>
- Heckscher–Ohlin model <small>''(Eli Heckscher, 1966 & Bertil Ohlin, 1952)''</small>
- Leontief paradox <small>''(Wassily Leontief, 1954)''</small>
- Linder hypothesis <small>''(Staffan Burenstam Linder, 1961)''</small>
- Location theory
- Market imperfection theory <small>''(Stephen Hymer, 1976 & Charles P. Kindleberger, 1969 & Richard E. Caves, 1971)''</small>
- New Trade Theory
- Specific factors model
- Traditional approaches
- Diamond model <small>''(Michael Porter)''</small>
- Diffusion of innovations <small>''(Rogers, 1962)''</small>
- Eclectic paradigm <small>''(John H. Dunning)''</small>
- Foreign direct investment theory
- Monopolistic advantage theory <small>''(Stephen Hymer)''</small>
- Non-availability approach <small>''(Irving B. Kravis, 1956)''</small>
- Technology gap theory of trade <small>''(Michael Posner)''</small>
- Uppsala model
- Updated Uppsala model
- Learning portal model
- Further theories
- Contingency theory
- Contract theory
- Economy of scale
- Internalisation theory <small>''(Peter J. Buckley & Mark Casson, 1976; Rugman, 1981)''</small>
- Product life-cycle theory
- Transaction cost theory
- Theory of the growth of the firm <small>''(Edith Penrose, 1959)''</small>
- See also
- References
Internationalization or Internationalisation is the process of increasing involvement of enterprises in international markets, although there is no agreed definition of internationalization. Internationalization is a crucial strategy not only for companies that seek horizontal integration globally but also for countries that addresses the sustainability of its development in different manufacturing as well as service sectors especially in higher education which is a very important context that needs internationalization to bridge the gap between different cultures and countries. There are several internationalization theories which try to explain why there are international activities.
== Entrepreneurs and enterprises == Those entrepreneurs who are interested in the field of internationalization of business need to possess the ability to think globally and have an understanding of international cultures. By appreciating and understanding different beliefs, values, behaviors and business strategies of a variety of companies within other countries, entrepreneurs will be able to internationalize successfully. Entrepreneurs must also have an ongoing concern for innovation, maintaining a high level of quality, be committed to corporate social responsibility, and continue to strive to provide the best business strategies and either goods or services possible while adapting to different countries and cultures.