ASSIGNMENT | What are some of the firm-specific drivers leading to internationalization?

In your own words, discuss what are the drivers in the international business environment that lead a firm to engage in international operations? What are some of the firm-specific drivers leading to internationalization?
How can governments and competitors prevent a firm from entering a particular market? Provide a recent example

SAMPLE SOLUTION

One of the drivers in the global business environment is the aspect of managing the life cycle of organizational products. A product passes a number of stages and the last stage is the declining stage. At this point, it is necessary for the management of the organization to identify other countries in which it would launch it. For example, the Suzuki 800cc motor vehicle reached its last stage in Japan, after which it entered India, where it’s currently doing well. Moreover, organizations tend to engage with international operations in order to expand their growth strategy (Keillor, 2013). They try to open up new markets beyond their geographical location. Additionally, some organizations prefer to engage in international markets due to the availability of cheap labor in the international markets. There are some countries which are globally known to have extensive skills in conducting some operations. For example, manufacturing products whether in Diamond, leather, woodwork or handicraft have been consistently performing well in India (Keillor, 2013). Moreover, other organizations tend to enhance or build their corporate image in the international markets, which in the long run results to increased inflow of revenue. For example, LG and Samsung focused on building their image in India, and since then, their market share and generation…