Question

Question 1
As Business Development Management for XYZ PLC, explain to management four potential advantages that XYZ PLC is likely to gain from expanding its operations into international markets and cite four disadvantageous outcomes that can work against the company.

Answer 1

If XYZ PLC is planning to expand its operations in international markets, if the business process executes properly then it may bring many advantages too such as:

1. One of the main advantages is that an organization can generate new revenue by expanding its international business operations with high costs.
2. Organizations can get the opportunity for foreign investments in different countries.
3. They can get the opportunity to diversify the business in new markets and thus reduce the costs.
4. Organizations can be able to access to new talent pools.

Some of the disadvantages of expanding into new international markets are:

1. A lot of preparation is needed for expanding an organization's international markets which requires a lot of time and costs.
2. There are many barriers which may come in the international business operations such as new business practices and different cultures.
3. It is much difficult to manage international employees and their payrolls.
4. The entire process is very complex as it needs to be followed exactly by the country's regulations.

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