Question

Some suggest that foreign markets are graveyards for entrepreneurial firms to overextend themselves. Others argue that foreign markets represent the future for SMEs. If you were the owner of a small, reasonably profitable firm, would you consider expanding overseas? Why or why not?

Answer 1

It all depends on the form of organisation, the entrepreneur 's proper strategy to go globally and properly execute their plans and strategies in the host countries.

I would certainly consider expanding overseas if I were the owner of a small, relatively productive domestic business. It is high time for my company to think of tactics to further develop the market if my company has already reached the growth stage and is about to reach the maturity phase. For this, we will be able to adapt our business model and start doing business with new ones in our home country, however if our existing business model may be used to further grow the organisation internationally and also be profitable internationally.