It is the aim of almost every business owner to expand their businesses not only within the country but also overseas. When a business is expanded outside the country to various other parts of the world it is referred to as the international business. International business therefore, includes all commercial activities that take place to endorse the transfer of services, goods, people, resources, technologies, and ideas across national boundaries. These days, not only big companies but also the smaller ones are planning to expand their businesses overseas.
International business usually comes with a number of advantages. As the local markets are getting saturated, a large number of companies are thinking of expansion via international business. Jason Proch is a multi-talented business professional and has experience in several different industries. Jason has worked as a process engineer in the plastics manufacturing industry and then he has worked as a Turbine Engineer in the power generation manufacturing industry. He has managed contractors and cross-functional teams as well. Mentioned below are some of the advantages that international businesses offer:
- International business helps in market expansion: Almost every individual wants to expand their market share in order to sell an increasing number of products. As the business goes international, the business owner gets the chance to enter a new market and this enables them to gain more profit.
- It may happen that the product which a particular business produces is not available in the international market. Thus, the business can enjoy production benefit and can establish a monopoly or a duopoly in the target market. This in turn helps them to generate a lot of revenue.
- The significance of international business is essential especially if a company is afraid of the recession in their own country. Several companies are there who have presence across a number of countries and regions and this helps them to lessen the effects of a slow economy in their home country.
On the whole, there are numerous benefits to international business and all the aforementioned points prove that in case one has the capital and the potential to expand, then they should do so as there are many benefits related with it.
As far as education is concerned, Jason Proch is an engineering degree holder. He has also obtained Bachelor of Science in Mechanical Engineering from Carnegie Mellon University with a minor in Environmental Engineering. He has also earned Master’s degree in Mechanical Engineering from the University of Pittsburgh. After this, he has been working for some time. He then joined Duquesne University to earn a Master of Business Administration degree.
When not busy with work, Jason loves spending time with his family. He also plays softball and is a keen fisherman and hunter. He has developed a deer transporting device which is known by the name The Game Glide. This, Jason is not only an established businessman but also a discoverer who is always looking forward to explore new things and objects.