What aspect does the competitive driver of globalization emphasize?

The competitive driver of globalization highlights the necessity for businesses to expand their operations internationally. Companies that fail to internationalize may risk stagnation or decline because they will explore limited growth opportunities in their domestic markets. Expanding outward allows businesses to access new customers, leverage competitive advantages, and better compete against global players.

This view hinges on the understanding that global markets present a range of opportunities, and companies that remain solely focused on their home markets may find themselves vulnerable to foreign competitors who benefit from economies of scale, diversified market bases, and other advantages derived from operating in multiple countries. Hence, the emphasis is on the imperative for companies to adapt and innovate to survive in an increasingly globalized economy.