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Fostering Business Internationalization and Resilience for Business and Companies: Risks and Resilience in Globalization

Author

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  • Anis Benabed

    (Bucharest University of Economic Studies, Doctoral School in Economics and International Business, Romania)

Abstract

This paper investigates and presents the importance and usefulness of building resilience in business and companies especially during the frequent processes of business internationalization. The paper describes as well the importance and role of fostering resilience as well to mitigate and deal with the possible controlled and uncontrolled risks that may occur and hit companies and business during internationalizing their products and services. The research questions are “how important is business resilience for business and companies?” and “what risks may companies and business face during their business operation and internationalization?” The used research method to fulfill this research started from an initial literature review that was conducted and developed concerning the concepts of this research. As the used method is more qualitative, in order to analyze the mutual connection between business, internationalization and resilience a case study was conducted. The results showed that fostering business resilience needs to start with business resilience model as suggest in the results to mitigate the anticipated and unanticipated risks, some of the highest unanticipated risks are cyber-attacks, geopolitical, nature disaster risks business To sum up, internationalization can be a key to expand the revenue and company’s business but to internationalize, it is important to follow a business resilience model.

Suggested Citation

  • Anis Benabed, 2023. "Fostering Business Internationalization and Resilience for Business and Companies: Risks and Resilience in Globalization," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 13-23, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:13-23
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    More about this item

    Keywords

    globalization; internationalization; resilience; business; companies; risk;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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