Models of International Trade

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Models of International Trade Name: Institution: Models of International Trade In Colorado business is booming, and especially the tech industry. A lot of economic growth in this locality is being driven by small local and innovative firms such as Mobile Tech and Dobot Inc. Despite this States being a home for many reputable organizations, it is these smaller companies that might work well to dominate the global market. That is only possible with adequate resources and better strategies for going international. Moreover, it is the desire of any manager to go global after building and maintaining a strong local customer base (Twarowska & Kąkol, (2013). Therefore, this paper seeks to provide recommendations for expanding internationally, to such firms. One, a firm such as Tack Mobile must first ensure that it has adequate resources and personnel to focus on the expansion of the already established business. Ghemawat (2003) admits that trying to reach an international market while also maintaining your local customer base with few resources is tough. For the past years, Tack Mobile has been designing and making software for mobile and computerized devices in various companies. The Company has also started working with different multinationals to expand their operations. They should, therefore, ensure that they have adequate funds and the structural capability to manage the influx of work that characterizes such expansions (Ghemawat, 2003). Secondly, a small company should also conduct a market research to cut on cost. In the global market, it is very sure that some countries may prove to provide cheaper labor and raw materials. Andy Zurcher, the president of

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