tailieunhanh - An overall view of a firm’s internationalization process

In an era of globalization today, more and more companies try to internationalize since they are aware of the importance of internationalization on the growth and expansion of their capacity and resource generation. In the attempt to create an overall picture of what the process might be, the paper provides a set of basic information of a firm’s internationalization process, including the most prevailing definitions of the process, advantages a firm can gain from internationalization, the model of internationalization, determining factors for a firm’s internationalization, and obstacles preventing firms from internationalizing. | Hoàng Văn Hải và Đtg Tạp chí KHOA HỌC & CÔNG NGHỆ 121(07): 165 - 170 AN OVERALL VIEW OF A FIRM’S INTERNATIONALIZATION PROCESS Hoang Van Hai*, Hoang Thi Thu Hang College of Economics and Business Administration - TNU SUMMARY In an era of globalization today, more and more companies try to internationalize since they are aware of the importance of internationalization on the growth and expansion of their capacity and resource generation. In the attempt to create an overall picture of what the process might be, the paper provides a set of basic information of a firm’s internationalization process, including the most prevailing definitions of the process, advantages a firm can gain from internationalization, the model of internationalization, determining factors for a firm’s internationalization, and obstacles preventing firms from internationalizing. Keywords: internationalization, internationalizing firms, host countries, managers, resources INTRODUCTION* Vietnam has being integrated global economy widely and deeply. It is shown through the integration of the country into ASEAN in 1995, WTO in 2007, participating in TransPacific Partnership (TPP), negotiating the free trade agreement with EU as well as Russian, Belarus, Kazhastan With Vietnam’s business community, internationalization, therefore, is inevitable. In the effort of providing a primary understanding of what the process could be, the paper introduces a set of basic information related to firms’ internationalization. Of course, these information can be found in corresponding literatures, yet they are scattered in lots of papers instead of one, thus the paper is just a collection of basic things relative to the process and hopefully, it will offer readers an overview of firms’ internationalization within reasonable amount of time. The paper content is presented through the following order: definition of firms’ internationalization process, advantages a firm can gain .

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