Why Should Entrepreneurs Consider Internationalization?
Internationalization offers several advantages. First, it provides access to new customer bases and revenue streams, which can be crucial for growth. Second, it can help diversify risk, as relying solely on one market can be perilous. Third, international operations can lead to economies of scale and scope, enhancing operational efficiency. Finally, entering foreign markets can provide a competitive edge by exposing the company to innovation and new business practices.