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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Forum 1 Discussion

Forum 1 Discussion

Q Forum #1 1. Is going international something that only large and established firms should pursue after they have achieved success in their domestic markets first? Does it matter if their domestic success was quick? 2. Which sorts of products are more amenable to “going international” by small and new firms? 3. Research ethical and legal restrictions imposed for business activities in other countries. Describe how these restrictions could affect global business ventures. 4. How does the Bible verse, Micah 6:8 (ESV) provide ethical guidance: He has told you, O man, what is good; and what does the LORD require of you but to do justice, and to love kindness, and to walk humbly with your God? POST 1: Within 3 days after Week Two class, respond to the following with a substantive post. Write 1-2 sentences reviewing each of your 3 sources in terms of what was helpful or unhelpful about the source and why (be sure to list the URLs of each website). Then, summarize what you learned about writing success from the sources you researched. POSTS 2-3: On days 4-7, respond to your classmates’ posts with substantive comments and thought-provoking questions. Be sure to post on AT LEAST 3 different days.

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Going international provides an opportunity for firms to expand their market reach and generate greater revenue. The organization’s size is not relevant when it comes to engaging in international operations. More than 12 million American firms have products or services that could be exported to other markets but they are unable to do so due to lack of resources and market knowledge (Delaney, 2001). Success in the local market involves achieving a competitive market share and competitive advantage, which could be part of the motivation to export to a foreign market. Having a strong base in the domestic market would serve as a form of assurance in the event that the international expedition requires a backup support. The purpose of going international is to expand the streams of revenue while exploiting the firm’s core competencies (Delaney, 2001). The experience and ideas from the international market could in turn enhance the firm’s competitive advantage in the domestic market.