What are some reasons why a domestic firm would choose to “go global”? Which reason do you believe is best? Explain your response.
Based on the readings for this week from lesson 1.1 and lesson 1.2, there could be different reasons as to why firms would want to go global. At times, this could be due to them looking at different potential markets around the world and assessing that yes, there is a big customer base in such countries which could be targeted. In addition to that, there might be a number of areas of the world that might be enjoying very stable political, social and economic conditions and hence they all collectively could create ideal conditions for the firm to do well in such places.