Good Essay About Why Should The Government Encourage The Business To Go Global?

Business Decisions

The universe in the recent past has experienced dynamic changes. The world is like a global village in the modern world. The world has experienced technological, transport and communion innovation. Globalization has led to sticking change in the way businesses all over the world are conducting there are operations. Every business, small, middle and large is aiming to go global. Resulting to global business empires. This paper is discussing the importance of the government supporting the business go global and the effects on the company’s reputation.

Earning from Foreign Exchange
Through international operations such as exports of goods and services in different countries in the world. The business will be will be able to make variable profit as foreign exchange. The foreign exchange earned by the company, the business will reinvest the profit in the native country. Revenue, reinvestment and profits from the enterprise will facilitate economic growth of the country.

Optimum Utilization of Resources

International venture will enable a business to utilize its resources maximally. The company will be producing goods on a large scale for international markets and concentrating on production of goods from well-endowed natural resources such as limestone since we will be operating on a cement business. Utilization of natural resources will bring benefits in terms of profitability to the company, economic growth of the nation.

Provision of Income to the Government

The international operation of the company will result in massive profits returns. The corporate and tax export tariffs will be high. The government, through taxation and collection of foreign trade taxes will use the revenue generated to invest in the general public by providing education and medical care.

Strengthening of Bilateral and Unilateral Relationship

International operation will enable the business to transact business with other nations. The government will be able to strengthen relationships with those countries in relation to trade tariff and trade regulations. The government will be in a position to form a good relationship that may be the key to economic growth in times of severe. For instance, the government by use the relationship to seek developmental grants and loans.

Economic Enhancement

Expansion will offer a new chance for connecting with new market in the world. The country will be able to link up with different nations focused on economic development. It will encourage trade between the two countries by providing entrepreneurial opportunities for both countries each economic growth.

Maintenance of Reputation Due to Expansion.

Corporate Social Welfare
Networking
Through international forums such businesses conferences and workshops. Creating and updating company website. Creation of consumer query websites and telephone platforms. These activities will enable the company will create an international network that will boost and maintain its reputation.

Upgrading Company’s Image

Visual credibility plays the significant role in building a good reputation. The company will improve its logo and its brand so as to match international standards. The company will also improve the product packaging by making them unique, consumer appealing and treat customers with respect on the phone, the internet platform, and during in-person meeting.