Globalization is great for business: it opens up new markets and allows businesses to bring in revenue and talent from all over the world. However, the first steps into international expansion can be fraught with growing pains, forcing companies to waste time and money on efforts that don’t gain any traction in foreign markets. To avoid this, company leaders have to get ready to embrace change and innovation outside their normal comfort zone. Here’s why it’s important to get comfortable with discomfort when you’re considering international expansion.
Ideascale2021-12-14T08:01:10-08:00May 16th, 2017|Categories: Innovation Psychology, Strategies|Tags: business development, comfort zone, decision making, Failure, flexibility, globalization, goal setting, goals, international expansion, lessons learned, market research, scaling, strategic planning|