The following points must be considered by an organization that
was earlier domestic now deciding to become a global firm-
- The legal enviornment- The firm should be aware of the laws,
rules and regulation of business operation in the country or
countries the firm is thinking to operate in the future. So, that
it is easier to comply with the statutory requirements and other
legal compliance.
- The economic enviornment- The firm should be aware of the
behaviour and pattern of demand, the target audience and the needs
of the probable consumers of the country or countries the firm is
thinking to operate in the future. So, that it can draft the buying
and selling policies according to the needs of consumers.
- The political enviornment- Many countries have strict political
interference with the changing government with certain type of
industry the previous government supports. So, it is important to
know the specific political inclination and agenda with the
government currently ruling and probable expected change is when
due.