Applied management project

Companies nowadays are not contented with the local demand their countries have to offer. Likewise, companies should not be complacent in their home turfs since there may be foreign firms that can enter their territories and offer higher quality products at much lower costs. This has been brought about by the strengthening of globalization which has been fuelled by trade liberalization. Hence, companies are more encouraged to bring their operations overseas since the WTO sees to it that there will be no discriminating policies that may retard the growth of global trade. Companies can try to capture market share from foreign shores in order to be able to expand without the fear of being discriminated against foreign or local counterparts (Hoekman 2001). Still, there remains considerable