The paper "International Business of Volvo Group " is a perfect example of a business case study. Globalization commenced in the late 21st century and has given an opportunity for organizations and businesses to become internationalized. Many organizations have spread their wings to capture customers of far-flung markets. Capturing a huge market share results in organizations reaping more profits. For the organizations to be internationalised, they need to follow a certain process. This process will ensure the internationalization process is effective and manageable. Lack of an effective process in the internationalization can lead to massive losses.
When an organization ventures into a new country, they have to study the market first to ensure that their products and services will be competitive in the market. There are various forces that drive internationalization. These forces are either internal forces or external forces. In this report, factors that affect the internationalization of organizations will be critically analysed. In the research, we will consider the internationalization process of the Volvo Group. The report will capture the role of the company in the global trade and how they gain a completive advantage among their rivals in the market.
The impact of the new trade theory on the Volvo Group will be analysed and how that reflects on their growth. Ultimately the process of internationalization of the Volvo organization will be discussed, and the various success factors associated with the organization. The report will also discuss the effects of the external market on the operations of the company. In this light, the report will concentrate on the legal, economic and cultural factors that affect Volvo’ s operations. Research background With the increasing trend in globalization, countries, organizations and individuals are getting closer and closer to each other.
The distance is shorted by the advanced communication systems due to technology. There is a massive flow of information, commodities, capital and knowledge throughout the world. With increased globalization, there’ s increased interdependency among countries, organizations and individuals.
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