A company without global aspirations will also fail in domestic market in the long run. Comment.

Since globalisation results in increasing integration of economies around the world it is imperative a country and thereby a company cannot grow without going global. By doing so, it opens the doors to foreign Competition, investment and a chance to improve its quality and quantity reducing cost. The global companies are able to increase their market share and are able to achieve economy of scale and economies of scope. Companies also get access to cheaper sources of raw materials and labor. There is growth, and expansion facilitating professional management. All these lead to better quality and low priced goods and services with a wider choice improving the standard of living in developing and semi developing countries.