Challenges Faced By Indian Companies Internationa

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 encompass force of world(prenominal)ization that pervades every aspect of commerce. In a panoptic pluck of industries from automobiles to food and clothing, Indian companies face the pressures of global aspiration 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 flesh of these markets. Companies ab initio entering international markets pass on be more(prenominal) refer with learning about international markets, selecting an appropriate celestial sphere to compete, and find out how to leverage core competencies in international markets. Once in internation al markets, companies have to build their stake 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 crossways national markets, leverage its competencies and skills to develop a leadership position. later on 2 decades of stinting liberalization, Indian companies are now functional aggressively in going global. These companies have realized the business potential of global markets, for which t hey are making all the efforts both internal! ly 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 become 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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