global-expansion

Vocabulary Word

Definition

'Global expansion' is commonly used in business to refer to when a company begins to operate beyond its home country. It involves setting up offices, production facilities or stores in multiple countries.

Examples in Different Contexts

In social impact efforts, 'global expansion' refers to extending initiatives worldwide. An NGO director might state, 'Our global expansion aims to address water scarcity in multiple countries.'

Practice Scenarios

Tech

Scenario:

With our software gaining traction, we should now look at reaching customers in other geographies.

Response:

Affirmative, the global expansion could open up new opportunities for us.

Operations

Scenario:

We have reached full capacity in our current production facilities. We might need to think about going international.

Response:

I couldn't agree more. Global expansion might be necessary for our production scalability.