Author(s): Sanjay Pareek, Manekar S.D, Yogesh Gharpure, Mahesh Joshi, Vivek Pimplapure, Vineet Pathak and Kirti Agarwal
There is a constantly shifting landscape full of opportunities and challenges when a company decides to expand its operations worldwide. To get an advantage in today's globally competitive market, expand their consumer base, and access new markets, more and more enterprises are venturing outside their home countries. The potential for larger economies of scale, access to a larger pool of talent, and higher revenues are the three main draws of going global. Expanding into new markets also helps companies become less reliant on any one economy, which helps them weather economic storms better. The objective of this study is to examine the potential benefits and challenges related to the expansion of global corporate operations. This research aims to gain a comprehensive understanding of the factors that influence the success of global expansion by analyzing perceptions among different demographics, investigating the relationships between categorical variables, and evaluating the effects of market research and local partnerships. The discoveries will provide significant perspectives for organizations contemplating or presently involved in international endeavors, enabling them to plan properly and maximize their likelihood of success in the global market.