What does the idea of "internationalize or die" imply in a competitive globalization context?

The phrase "internationalize or die" within the context of competitive globalization suggests that companies must seek growth opportunities beyond their domestic markets to remain viable and competitive. This concept highlights the reality that in an increasingly interconnected world, national boundaries are less of a barrier for business operations, and firms that do not tap into international markets risk stagnation or obsolescence.

Firms that limit themselves to local markets may find their growth potential constrained by saturation or competition from those who are expanding internationally. By pursuing internationalization, companies can leverage new customer bases, diversify their revenue streams, and gain access to resources and innovations that might be unavailable domestically. This necessity to adapt to a global landscape is driven by factors such as advances in technology, the ease of communication, and growing consumer demand for global products and services.

In contrast, the other choices suggest limiting the scope of business operations either by ignoring global markets, focusing exclusively on domestic sales, or underestimating foreign competition. These approaches could hinder a firm's ability to survive in a competitive environment where many players are actively seeking international market opportunities. Thus, the correct choice emphasizes the essential strategy of international expansion for sustainable business success in a globalized economy.