INT 311 1-2 Assignment- Benefits of Global Expansion

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1 1-2 Assignment: Benefits of Global Expansion Harriet Creyer 1-2 Assignment: Benefits of Global Expansion Southern New Hampshire University INT 220 Global Dimensions in Business

2 1-2 Assignment: Benefits of Global Expansion 1-2 Assignment: Benefits of Global Expansion Types of Business Environment: Differentiate between domestic and international business environments by defining and providing key characteristics of each type, using supporting evidence. A domestic business environment is a business who only conducts business within its own country boarders. “ Domestic business refers to the business where economic transactions are conducted within the geographical boundaries of one country. The buyer and seller in domestic business belong to the same country. It is limited to the territory.” (GeeksforGeeks, 2022). An international business environment is a business who conducts business to different countries around the global. “ International business refers to the business where economic transactions are conducted across borders with several countries in the world. The buyer and seller in international business belong to different countries. It is quite wide.” (GeeksforGeeks, 2022). Example Organizations : Identify examples of domestic and international organizations and explain how they meet the criteria for each type of organization, using supporting evidence. An example a company in the USA only supplying products to businesses within the US boarders. Academy Sports& Outdoors , is a Domestic organisation that strictly operates with the boarders of the US. Academy Sports & Outdoors currently operates in 18 states with 267 shops, they strictly ship within the 50 states and not internationally to other countries. (Outdoors, 2022)

3 1-2 Assignment: Benefits of Global Expansion An example, USA trading with Mexico, Canada or U.K. trade agreements would need to be set up in order for both companies to benefit from the trade deal. Starbucks is an international organisation. Starbucks, accounted for 33833 stores worldwide in 2021. (Lock, 2022) Benefits of Expansion: Explain the key benefits of international and global expansion for domestic businesses, providing specific examples and using supporting evidence. All international and global expansions of goods, services, or resources is between two or more countries. When making the decision to go global, there are so many opportunities to expand both the export of the business but also the imports as well as increase the customer base. Ethical Considerations: Explain the role of ethics in making business decisions regarding expansion to a new market and how ethical decision-making frameworks can be used to help make these decisions. Use supporting evidence as appropriate. The role of ethics plays a large part I'm making decisions for a business regarding expansion. To ensure that the various countries, ethical, legal, moral codes are complied with takes a lot of research and preparation. Ensure to keep all paperwork, policies and procedures are in order and getting everything done the correctly and efficiently is paramount. They want to make sure that all employees are being able to work to their full potential and keep an open honest business. You need to make sure that any companies not in the country you are currently in line up with the current code of ethics you are currently striving for.

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4 1-2 Assignment: Benefits of Global Expansion References Dunung, S. P. (2019). Global Business Management v1.0. Flat World Knowledge. https://mbsdirect.vitalsource.com/books/978-1-4533-9363-5 GeeksforGeeks. (2022, October 6). Difference between domestic business and International Business . GeeksforGeeks. Retrieved October 29, 2022, from https://www.geeksforgeeks.org/difference-between-domestic-business-and- international-business/ Lock, S. (2022, August 15). Starbucks: International vs US-based stores 2021 . Statista. Retrieved October 29, 2022, from https://www.statista.com/statistics/218366/number- of-international-and-us-starbucks-stores/ Outdoors, A. S. +. (2022, January 25). Academy sports + outdoors to restart new store growth in 2022, including first stores in Virginia and West Virginia . Academy Sports + Outdoors to restart new store growth in 2022, including first stores in Virginia and West Virginia. Retrieved October 29, 2022, from https://www.prnewswire.com/news- releases/academy-sports--outdoors-to-restart-new-store-growth-in-2022-including-first- stores-in-virginia-and-west-virginia-301466859.html

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