Internationalization

In economics, internationalization is the process of increasing involvement of companies in international markets, although there is no agreed definition. Internationalization is a crucial strategy not only for companies seeking to integrate horizontally globally. It is also the case for countries that intend to pursue the sustainability of their development in the various manufacturing and service sectors. In particular, this is true in higher education, a very important context that requires internationalization to bridge the gap between different cultures and countries. There are several theories of internationalization that try to explain the reason for international activities. Entrepreneurs interested in the internationalization of businesses must possess the ability to think globally and understand international cultures. By appreciating and understanding the different beliefs, values, behaviors and business strategies of a variety of businesses within other countries, entrepreneurs will be able to internationalize successfully. Entrepreneurs must also constantly innovate, maintain a high level of quality, engage in corporate social responsibility and continue to strive to provide the best business strategies and goods or services possible, adapting to different countries and cultures.