The Strategy of International Business Essay Example | Topics and Well Written Essays - 4250 words

The Strategy of Inter terra firmaal Business - Essay ExampleThis particular has not only reduced the profitability and marketplace share of the local firms, but also has enforce a number of local firms to sell their businesses to the international giants. Hence, the report has lushd a number of market strategies that can assist the local firms to strengthen their competitive position to ensure their long- line profitability and sustainability.The term liberalization describes the process of relaxation of governmental regulations and restrictions in different areas such as trade, economy, social, political etc (Alessandria and Choi, 2014). globalization has highly influenced the practices of trade and economy related liberalization within different persistence sectors of developed as well as developing countries (DixCarneiro, 2014). The United Kingdom can be utilized as a successful example which has initiated and efficiently conceptualized liberalization in their different indus try segments, mainly the energy segment. The quick changes in the business processes and trade policies in the globalized economy influences government authorities to modify the trading policies of the nation to accommodate it with the global economy, political regulations and social practices. This intervention of government authorities has allowed a number of industry sectors to avail the facility of free trade in terms of their international business venture (Corbet and Robertson, 2014). The supercharge topic forget emphasize on liberalization and its impact on the internationalization of businesses. The study will also evaluate the impact of liberalization on the domestically focused business industry in terms of increase in challenger within the local and global market. Finally, the discussion will elaborate various strategic reactions which can assist various domestically focused industries of the UK to face the increased competition of foreign competitors.The increasing