International business Essay Example | Topics and Well Written Essays - 2000 words - 7

International business - Essay Example The company offers varied range of products or services to different customers by expanding their business portfolio in many countries. The internationalization of Tesco PLC has created huge impact to change the supplier-retailer dynamics in terminating, weakening and consolidating relationships. The internationalization also created problematic situation for the company. The aim of the paper is to present and describe mistakes done by Tesco Plc. during the process of internationalization. It has been understood that learning concept delivers new perspective and theoretical framework for filtering, re-evaluation and reinterpreting on the process of internationalization. Furthermore, the paper provided vivid explanation about mistakes done by Tesco PLC. The application of effective theoretical concepts or models enables to provide better understanding about the problem. In recent years, the amount of cross-border operations that are conducted by retailers is on rise. The group of growing retailers has seen a substantial structural change. A redefinition of balanced externalized and internalized purposes has provided vivid evident that retailers are expanding their business operation to move out of domestic marketplace. The application of internationalization has become pivotal requirement for these multinational enterprises to gain and grow their scale of economies. Tesco PLC has focused to diversify their grocery retail business. The process of internationalization has become prime focus of the company to grow their market globally (Knight, 2008, p.92). Tesco PLC has globalized environment with stores in the Turkey, Hungary, Czech Republic, Poland, Japan, Taiwan, Thailand, South Korea, etc. In the year 2006, there was a headline which stated that foreign market growth is the one of the key goals of Tesco PLC. But now it seems like this strategy of global ambition is heading for the checkout