International expansion refers to the process by which a business or organization extends its operations and market reach beyond its domestic borders to operate in foreign markets. This can involve various strategies, such as exporting goods and services, establishing foreign subsidiaries, forming joint ventures, or franchising. The goal of international expansion is typically to increase market share, access new customer bases, diversify revenue streams, and leverage global supply chains. Companies may pursue international expansion to capitalize on potential growth opportunities in emerging markets, mitigate risks associated with domestic economic fluctuations, and enhance their competitive advantage on a global scale. Successful international expansion requires an understanding of different cultural, legal, and economic environments and often involves addressing challenges such as regulatory compliance, cross-cultural communication, and global supply chain management.
Renfe is expanding globally with new subsidiaries in France and Mexico to enhance its international market presence. The French subsidiary, Renfe France, aims to secure public service contracts and expand…