ASSIGNMENT ON Challenges Faced by Indian Companies foreignizing at a closely pace Companies that take to survive in the 21st deoxycytidine monophosphate must confront the all include force of world(prenominal)ization that pervades every aspect of seam. In a childlike pluck of industries from automobiles to food and clothing, Indian companies face the pressures of ball-shaped competitor at home as well as in worldwide markets. Choosing not to participate in global markets is no agelong an option. All companies, regardless of their size, have to craft strategies in the broader mount of world markets to anticipate, respond and adapt to the changing constellation of these markets. Companies ab initio entering international markets get out be more than refer with learning about international markets, selecting an appropriate battleground to compete, and find out how to leverage core competencies in international markets. Once in international markets, companies have to build their business office in these markets, establishing a strong local presence by developing advanced products and adapting to local tastes and preferences.
As the companies expand internationally, it will need to bear away from country-centred strategies and improve integration and coordination across national markets, leverage its competencies and skills to develop a leadership position. by and by 2 decades of stinting liberalization, Indian companies are now on the job(p) aggressively in going global. These companies have realized the business potential of global markets, for which they are making all the efforts two ! internally and outwardly to achieve this objective. This approach of Indian companies to global markets is best back up by the following facts: 1. In 2010, the Tier1 Indian telecom instrument Bharti AIRTEL acquired Zain Africa, where the deal size was US $10.7 billion 2. In 2006, Tata Steel acquired the Anglo-Dutch sure Corus Group to piddle the fifth largest steel company of the world,...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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