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Developing a global business strategy: Benefits and steps | Payoneer

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.125);--bs-btn-disabled-color:#fff;--bs-btn-disabled-bg:#212529;--bs-btn-disabled-border-color:#212529}.btn-link{--bs-btn-font-weight:400;--bs-btn-color:var(--bs-link-color);--bs-btn-bg:transparent;--bs-btn-border-color:transparent;--bs-btn-hover-color:var(--bs-link-hover-color);--bs-btn-hover-border-color:transparent;--bs-btn-active-color:var(--bs-link-hover-color);--bs-btn-active-border-color:transparent;--bs-btn-disabled-color:#6c757d;--bs-btn-disabled-border-color:transparent;--bs-btn-box-shadow:none;--bs-btn-focus-shadow-rgb:49,132,253;text-decoration:underline}.btn-link:focus{color:var(--bs-btn-color)}.btn-link:hover{color:var(--bs-btn-hover-color)}.fade{transition:opacity .15s linear}@media (prefers-reduced-motion:reduce){.fade{transition:none}}.fade:not(.show){opacity:0}.collapse:not(.show){display:none}.collapsing{height:0;overflow:hidden;transition:height .35s ease}.collapsing.collapse-horizontal{width:0;height:auto;transition:width .35s ease}@media (prefers-reduced-motion:reduce){.collapsing{transition:none}.collapsing.collapse-horizontal{transition:none}}.dropdown,.dropdown-center,.dropend,.dropstart,.dropup,.dropup-center{position:relative}.dropdown-toggle{white-space:nowrap}.dropdown-toggle::after{display:inline-block;margin-left:.255em;vertical-align:.255em;content:"";border-top:.3em solid;border-right:.3em solid transparent;border-bottom:0;border-left:.3em solid transparent}.dropdown-toggle:empty::after{margin-left:0}.dropdown-menu{--bs-dropdown-min-width:10rem;--bs-dropdown-padding-x:0;--bs-dropdown-padding-y:0.5rem;--bs-dropdown-spacer:0.125rem;--bs-dropdown-font-size:1rem;--bs-dropdown-color:#212529;--bs-dropdown-bg:#fff;--bs-dropdown-border-color:var(--bs-border-color-translucent);--bs-dropdown-border-radius:0.375rem;--bs-dropdown-border-width:1px;--bs-dropdown-inner-border-radius:calc(0.375rem - 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solid;border-bottom:.3em solid transparent}.dropstart .dropdown-toggle:empty::after{margin-left:0}.dropstart .dropdown-toggle::before{vertical-align:0}.dropdown-item{display:block;width:100%;padding:var(--bs-dropdown-item-padding-y) var(--bs-dropdown-item-padding-x);clear:both;font-weight:400;color:var(--bs-dropdown-link-color);text-align:inherit;text-decoration:none;white-space:nowrap;background-color:transparent;border:0}.dropdown-item:focus,.dropdown-item:hover{color:var(--bs-dropdown-link-hover-color);background-color:var(--bs-dropdown-link-hover-bg)}.dropdown-item.active,.dropdown-item:active{color:var(--bs-dropdown-link-active-color);text-decoration:none;background-color:var(--bs-dropdown-link-active-bg)}.dropdown-item.disabled,.dropdown-item:disabled{color:var(--bs-dropdown-link-disabled-color);pointer-events:none;background-color:transparent}.dropdown-menu.show{display:block}.nav{--bs-nav-link-padding-x:1rem;--bs-nav-link-padding-y:0.5rem;--bs-nav-link-font-weight: ;--bs-nav-link-color:var(--bs-link-color);--bs-nav-link-hover-color:var(--bs-link-hover-color);--bs-nav-link-disabled-color:#6c757d;display:flex;flex-wrap:wrap;padding-left:0;margin-bottom:0;list-style:none}.tab-content>.tab-pane{display:none}.tab-content>.active{display:block}.navbar{--bs-navbar-padding-x:0;--bs-navbar-padding-y:0.5rem;--bs-navbar-color:rgba(0, 0, 0, .55);--bs-navbar-hover-color:rgba(0, 0, 0, .7);--bs-navbar-disabled-color:rgba(0, 0, 0, .3);--bs-navbar-active-color:rgba(0, 0, 0, .9);--bs-navbar-brand-padding-y:0.3125rem;--bs-navbar-brand-margin-end:1rem;--bs-navbar-brand-font-size:1.25rem;--bs-navbar-brand-color:rgba(0, 0, 0, .9);--bs-navbar-brand-hover-color:rgba(0, 0, 0, .9);--bs-navbar-nav-link-padding-x:0.5rem;--bs-navbar-toggler-padding-y:0.25rem;--bs-navbar-toggler-padding-x:0.75rem;--bs-navbar-toggler-font-size:1.25rem;--bs-navbar-toggler-icon-bg:url("data:image/svg+xml,%3csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 30 30'%3e%3cpath stroke='rgba%280, 0, 0, 0.55%29' stroke-linecap='round' stroke-miterlimit='10' stroke-width='2' d='M4 7h22M4 15h22M4 23h22'/%3e%3c/svg%3e");--bs-navbar-toggler-border-color:rgba(0, 0, 0, .1);--bs-navbar-toggler-border-radius:0.375rem;--bs-navbar-toggler-focus-width:0.25rem;--bs-navbar-toggler-transition:box-shadow 0.15s ease-in-out;position:relative;display:flex;flex-wrap:wrap;align-items:center;justify-content:space-between;padding:var(--bs-navbar-padding-y) var(--bs-navbar-padding-x)}.navbar>.container{display:flex;flex-wrap:inherit;align-items:center;justify-content:space-between}.navbar-nav{--bs-nav-link-padding-x:0;--bs-nav-link-padding-y:0.5rem;--bs-nav-link-font-weight: ;--bs-nav-link-color:var(--bs-navbar-color);--bs-nav-link-hover-color:var(--bs-navbar-hover-color);--bs-nav-link-disabled-color:var(--bs-navbar-disabled-color);display:flex;flex-direction:column;padding-left:0;margin-bottom:0;list-style:none}.navbar-nav .dropdown-menu{position:static}.card{--bs-card-spacer-y:1rem;--bs-card-spacer-x:1rem;--bs-card-title-spacer-y:0.5rem;--bs-card-border-width:1px;--bs-card-border-color:var(--bs-border-color-translucent);--bs-card-border-radius:0.375rem;--bs-card-box-shadow: ;--bs-card-inner-border-radius:calc(0.375rem - 1px);--bs-card-cap-padding-y:0.5rem;--bs-card-cap-padding-x:1rem;--bs-card-cap-bg:rgba(0, 0, 0, .03);--bs-card-cap-color: ;--bs-card-height: ;--bs-card-color: ;--bs-card-bg:#fff;--bs-card-img-overlay-padding:1rem;--bs-card-group-margin:0.75rem;position:relative;display:flex;flex-direction:column;min-width:0;height:var(--bs-card-height);word-wrap:break-word;background-color:var(--bs-card-bg);background-clip:border-box;border:var(--bs-card-border-width) solid var(--bs-card-border-color);border-radius:var(--bs-card-border-radius)}.card>hr{margin-right:0;margin-left:0}.card>.list-group{border-top:inherit;border-bottom:inherit}.card>.list-group:first-child{border-top-width:0;border-top-left-radius:var(--bs-card-inner-border-radius);border-top-right-radius:var(--bs-card-inner-border-radius)}.card>.list-group:last-child{border-bottom-width:0;border-bottom-right-radius:var(--bs-card-inner-border-radius);border-bottom-left-radius:var(--bs-card-inner-border-radius)}.accordion{--bs-accordion-color:#000;--bs-accordion-bg:#fff;--bs-accordion-transition:color 0.15s ease-in-out,background-color 0.15s ease-in-out,border-color 0.15s ease-in-out,box-shadow 0.15s ease-in-out,border-radius 0.15s ease;--bs-accordion-border-color:var(--bs-border-color);--bs-accordion-border-width:1px;--bs-accordion-border-radius:0.375rem;--bs-accordion-inner-border-radius:calc(0.375rem - 1px);--bs-accordion-btn-padding-x:1.25rem;--bs-accordion-btn-padding-y:1rem;--bs-accordion-btn-color:var(--bs-body-color);--bs-accordion-btn-bg:var(--bs-accordion-bg);--bs-accordion-btn-icon:url("data:image/svg+xml,%3csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 16 16' fill='var%28--bs-body-color%29'%3e%3cpath fill-rule='evenodd' d='M1.646 4.646a.5.5 0 0 1 .708 0L8 10.293l5.646-5.647a.5.5 0 0 1 .708.708l-6 6a.5.5 0 0 1-.708 0l-6-6a.5.5 0 0 1 0-.708z'/%3e%3c/svg%3e");--bs-accordion-btn-icon-width:1.25rem;--bs-accordion-btn-icon-transform:rotate(-180deg);--bs-accordion-btn-icon-transition:transform 0.2s ease-in-out;--bs-accordion-btn-active-icon:url("data:image/svg+xml,%3csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 16 16' fill='%230c63e4'%3e%3cpath fill-rule='evenodd' d='M1.646 4.646a.5.5 0 0 1 .708 0L8 10.293l5.646-5.647a.5.5 0 0 1 .708.708l-6 6a.5.5 0 0 1-.708 0l-6-6a.5.5 0 0 1 0-.708z'/%3e%3c/svg%3e");--bs-accordion-btn-focus-border-color:#86b7fe;--bs-accordion-btn-focus-box-shadow:0 0 0 0.25rem rgba(13, 110, 253, .25);--bs-accordion-body-padding-x:1.25rem;--bs-accordion-body-padding-y:1rem;--bs-accordion-active-color:#0c63e4;--bs-accordion-active-bg:#e7f1ff}.accordion-button{position:relative;display:flex;align-items:center;width:100%;padding:var(--bs-accordion-btn-padding-y) var(--bs-accordion-btn-padding-x);font-size:1rem;color:var(--bs-accordion-btn-color);text-align:left;background-color:var(--bs-accordion-btn-bg);border:0;border-radius:0;overflow-anchor:none;transition:var(--bs-accordion-transition)}.accordion-button:not(.collapsed){color:var(--bs-accordion-active-color);background-color:var(--bs-accordion-active-bg);box-shadow:inset 0 calc(var(--bs-accordion-border-width) * -1) 0 var(--bs-accordion-border-color)}.accordion-button:not(.collapsed)::after{background-image:var(--bs-accordion-btn-active-icon);transform:var(--bs-accordion-btn-icon-transform)}.accordion-button::after{flex-shrink:0;width:var(--bs-accordion-btn-icon-width);height:var(--bs-accordion-btn-icon-width);margin-left:auto;content:"";background-image:var(--bs-accordion-btn-icon);background-repeat:no-repeat;background-size:var(--bs-accordion-btn-icon-width);transition:var(--bs-accordion-btn-icon-transition)}.accordion-button:hover{z-index:2}.accordion-button:focus{z-index:3;border-color:var(--bs-accordion-btn-focus-border-color);outline:0;box-shadow:var(--bs-accordion-btn-focus-box-shadow)}.accordion-header{margin-bottom:0}.accordion-item{color:var(--bs-accordion-color);background-color:var(--bs-accordion-bg);border:var(--bs-accordion-border-width) solid var(--bs-accordion-border-color)}.accordion-item:first-of-type{border-top-left-radius:var(--bs-accordion-border-radius);border-top-right-radius:var(--bs-accordion-border-radius)}.accordion-item:first-of-type .accordion-button{border-top-left-radius:var(--bs-accordion-inner-border-radius);border-top-right-radius:var(--bs-accordion-inner-border-radius)}.accordion-item:not(:first-of-type){border-top:0}.accordion-item:last-of-type{border-bottom-right-radius:var(--bs-accordion-border-radius);border-bottom-left-radius:var(--bs-accordion-border-radius)}.accordion-item:last-of-type .accordion-button.collapsed{border-bottom-right-radius:var(--bs-accordion-inner-border-radius);border-bottom-left-radius:var(--bs-accordion-inner-border-radius)}.accordion-item:last-of-type .accordion-collapse{border-bottom-right-radius:var(--bs-accordion-border-radius);border-bottom-left-radius:var(--bs-accordion-border-radius)}.accordion-body{padding:var(--bs-accordion-body-padding-y) var(--bs-accordion-body-padding-x)}.breadcrumb{--bs-breadcrumb-padding-x:0;--bs-breadcrumb-padding-y:0;--bs-breadcrumb-margin-bottom:1rem;--bs-breadcrumb-bg: ;--bs-breadcrumb-border-radius: ;--bs-breadcrumb-divider-color:#6c757d;--bs-breadcrumb-item-padding-x:0.5rem;--bs-breadcrumb-item-active-color:#6c757d;display:flex;flex-wrap:wrap;padding:var(--bs-breadcrumb-padding-y) var(--bs-breadcrumb-padding-x);margin-bottom:var(--bs-breadcrumb-margin-bottom);font-size:var(--bs-breadcrumb-font-size);list-style:none;background-color:var(--bs-breadcrumb-bg);border-radius:var(--bs-breadcrumb-border-radius)}.alert{--bs-alert-bg:transparent;--bs-alert-padding-x:1rem;--bs-alert-padding-y:1rem;--bs-alert-margin-bottom:1rem;--bs-alert-color:inherit;--bs-alert-border-color:transparent;--bs-alert-border:1px solid var(--bs-alert-border-color);--bs-alert-border-radius:0.375rem;position:relative;padding:var(--bs-alert-padding-y) var(--bs-alert-padding-x);margin-bottom:var(--bs-alert-margin-bottom);color:var(--bs-alert-color);background-color:var(--bs-alert-bg);border:var(--bs-alert-border);border-radius:var(--bs-alert-border-radius)}.progress{--bs-progress-height:1rem;--bs-progress-font-size:0.75rem;--bs-progress-bg:#e9ecef;--bs-progress-border-radius:0.375rem;--bs-progress-box-shadow:inset 0 1px 2px rgba(0, 0, 0, .075);--bs-progress-bar-color:#fff;--bs-progress-bar-bg:#0d6efd;--bs-progress-bar-transition:width 0.6s ease;display:flex;height:var(--bs-progress-height);overflow:hidden;font-size:var(--bs-progress-font-size);background-color:var(--bs-progress-bg);border-radius:var(--bs-progress-border-radius)}.list-group{--bs-list-group-color:#212529;--bs-list-group-bg:#fff;--bs-list-group-border-color:rgba(0, 0, 0, .125);--bs-list-group-border-width:1px;--bs-list-group-border-radius:0.375rem;--bs-list-group-item-padding-x:1rem;--bs-list-group-item-padding-y:0.5rem;--bs-list-group-action-color:#495057;--bs-list-group-action-hover-color:#495057;--bs-list-group-action-hover-bg:#f8f9fa;--bs-list-group-action-active-color:#212529;--bs-list-group-action-active-bg:#e9ecef;--bs-list-group-disabled-color:#6c757d;--bs-list-group-disabled-bg:#fff;--bs-list-group-active-color:#fff;--bs-list-group-active-bg:#0d6efd;--bs-list-group-active-border-color:#0d6efd;display:flex;flex-direction:column;padding-left:0;margin-bottom:0;border-radius:var(--bs-list-group-border-radius)}.list-group-item{position:relative;display:block;padding:var(--bs-list-group-item-padding-y) var(--bs-list-group-item-padding-x);color:var(--bs-list-group-color);text-decoration:none;background-color:var(--bs-list-group-bg);border:var(--bs-list-group-border-width) solid var(--bs-list-group-border-color)}.list-group-item:first-child{border-top-left-radius:inherit;border-top-right-radius:inherit}.list-group-item:last-child{border-bottom-right-radius:inherit;border-bottom-left-radius:inherit}.list-group-item.disabled,.list-group-item:disabled{color:var(--bs-list-group-disabled-color);pointer-events:none;background-color:var(--bs-list-group-disabled-bg)}.list-group-item.active{z-index:2;color:var(--bs-list-group-active-color);background-color:var(--bs-list-group-active-bg);border-color:var(--bs-list-group-active-border-color)}.list-group-item+.list-group-item{border-top-width:0}.list-group-item+.list-group-item.active{margin-top:calc(var(--bs-list-group-border-width) * -1);border-top-width:var(--bs-list-group-border-width)}.toast{--bs-toast-padding-x:0.75rem;--bs-toast-padding-y:0.5rem;--bs-toast-spacing:1.5rem;--bs-toast-max-width:350px;--bs-toast-font-size:0.875rem;--bs-toast-color: ;--bs-toast-bg:rgba(255, 255, 255, .85);--bs-toast-border-width:1px;--bs-toast-border-color:var(--bs-border-color-translucent);--bs-toast-border-radius:0.375rem;--bs-toast-box-shadow:0 0.5rem 1rem rgba(0, 0, 0, .15);--bs-toast-header-color:#6c757d;--bs-toast-header-bg:rgba(255, 255, 255, .85);--bs-toast-header-border-color:rgba(0, 0, 0, .05);width:var(--bs-toast-max-width);max-width:100%;font-size:var(--bs-toast-font-size);color:var(--bs-toast-color);pointer-events:auto;background-color:var(--bs-toast-bg);background-clip:padding-box;border:var(--bs-toast-border-width) solid var(--bs-toast-border-color);box-shadow:var(--bs-toast-box-shadow);border-radius:var(--bs-toast-border-radius)}.toast.showing{opacity:0}.toast:not(.show){display:none}.modal{--bs-modal-zindex:1055;--bs-modal-width:500px;--bs-modal-padding:1rem;--bs-modal-margin:0.5rem;--bs-modal-color: ;--bs-modal-bg:#fff;--bs-modal-border-color:var(--bs-border-color-translucent);--bs-modal-border-width:1px;--bs-modal-border-radius:0.5rem;--bs-modal-box-shadow:0 0.125rem 0.25rem rgba(0, 0, 0, .075);--bs-modal-inner-border-radius:calc(0.5rem - 1px);--bs-modal-header-padding-x:1rem;--bs-modal-header-padding-y:1rem;--bs-modal-header-padding:1rem 1rem;--bs-modal-header-border-color:var(--bs-border-color);--bs-modal-header-border-width:1px;--bs-modal-title-line-height:1.5;--bs-modal-footer-gap:0.5rem;--bs-modal-footer-bg: ;--bs-modal-footer-border-color:var(--bs-border-color);--bs-modal-footer-border-width:1px;position:fixed;top:0;left:0;z-index:var(--bs-modal-zindex);display:none;width:100%;height:100%;overflow-x:hidden;overflow-y:auto;outline:0}.modal-dialog{position:relative;width:auto;margin:var(--bs-modal-margin);pointer-events:none}.modal.fade .modal-dialog{transition:transform .3s ease-out;transform:translate(0,-50px)}@media (prefers-reduced-motion:reduce){.accordion-button{transition:none}.accordion-button::after{transition:none}.modal.fade .modal-dialog{transition:none}}.modal.show .modal-dialog{transform:none}.modal.modal-static .modal-dialog{transform:scale(1.02)}.modal-dialog-centered{display:flex;align-items:center;min-height:calc(100% - var(--bs-modal-margin) * 2)}.modal-content{position:relative;display:flex;flex-direction:column;width:100%;color:var(--bs-modal-color);pointer-events:auto;background-color:var(--bs-modal-bg);background-clip:padding-box;border:var(--bs-modal-border-width) solid var(--bs-modal-border-color);border-radius:var(--bs-modal-border-radius);outline:0}.modal-backdrop{--bs-backdrop-zindex:1050;--bs-backdrop-bg:#000;--bs-backdrop-opacity:0.5;position:fixed;top:0;left:0;z-index:var(--bs-backdrop-zindex);width:100vw;height:100vh;background-color:var(--bs-backdrop-bg)}.modal-backdrop.fade{opacity:0}.modal-backdrop.show{opacity:var(--bs-backdrop-opacity)}.modal-body{position:relative;flex:1 1 auto;padding:var(--bs-modal-padding)}@media (min-width:576px){.modal{--bs-modal-margin:1.75rem;--bs-modal-box-shadow:0 0.5rem 1rem rgba(0, 0, 0, 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--animated"> <div class="inner-halo"></div> </div> </div> <div class="wp-block-group alignwide is-layout-flow wp-block-group-is-layout-flow"> <div class="wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex"> <div class="wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:50%"> <div class="wp-block-group is-layout-flow wp-block-group-is-layout-flow"><nav aria-label="breadcrumbs" class="rank-math-breadcrumb"><p><a href="https://www.payoneer.com">Home</a><span class="separator"></span><a href="https://www.payoneer.com/en-in/resources/">Resources</a><span class="separator"></span><span class="last">Global Business Strategy</span></p></nav> </div> <div class="wp-block-group pe-md-3 is-layout-constrained wp-block-group-is-layout-constrained"> <div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained"><h1 class="mb-4 text-center text-lg-start wp-block-post-title has-heading-two-font-size has-avenir-next-world-demi-font-family">Developing a global business strategy: Benefits and steps</h1> <div class="mb-4 text-center text-lg-start wp-block-post-excerpt"><p class="wp-block-post-excerpt__excerpt">Developing a successful global business strategy is crucial for any business looking to expand beyond its domestic market. The benefits of entering the global market are endless. In this article, we will explore the main concepts of global business strategy. </p></div></div> </div> </div> <div class="wp-block-column is-vertically-aligned-center my-0 my-5 my-lg-0 is-layout-flow wp-block-column-is-layout-flow"><figure style="width:355px;height:355px;" class="mx-auto overflow-hidden rounded-4 wp-block-post-featured-image"><img fetchpriority="high" decoding="async" width="1200" height="630" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201200%20630'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="rc global business strategy discover the latest business opportunities and ideas in hong kong" style="height:355px;object-fit:cover;" data-lazy-srcset="https://www.payoneer.com/wp-content/uploads/rc-global_business_strategy-discover_the_latest_business_opportunities_and_ideas_in_hong_kong.jpg.webp 1200w, https://www.payoneer.com/wp-content/uploads/rc-global_business_strategy-discover_the_latest_business_opportunities_and_ideas_in_hong_kong-300x158.jpg.webp 300w, https://www.payoneer.com/wp-content/uploads/rc-global_business_strategy-discover_the_latest_business_opportunities_and_ideas_in_hong_kong-490x257.jpg.webp 490w" data-lazy-sizes="(max-width: 1200px) 100vw, 1200px" title="Developing a global business strategy: Benefits and steps - rc global business strategy discover the latest business opportunities and ideas in hong kong" data-lazy-src="https://www.payoneer.com/wp-content/uploads/rc-global_business_strategy-discover_the_latest_business_opportunities_and_ideas_in_hong_kong.jpg.webp"><noscript><img fetchpriority="high" decoding="async" width="1200" height="630" src="https://www.payoneer.com/wp-content/uploads/rc-global_business_strategy-discover_the_latest_business_opportunities_and_ideas_in_hong_kong.jpg.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="rc global business strategy discover the latest business opportunities and ideas in hong kong" style="height:355px;object-fit:cover;" srcset="https://www.payoneer.com/wp-content/uploads/rc-global_business_strategy-discover_the_latest_business_opportunities_and_ideas_in_hong_kong.jpg.webp 1200w, https://www.payoneer.com/wp-content/uploads/rc-global_business_strategy-discover_the_latest_business_opportunities_and_ideas_in_hong_kong-300x158.jpg.webp 300w, https://www.payoneer.com/wp-content/uploads/rc-global_business_strategy-discover_the_latest_business_opportunities_and_ideas_in_hong_kong-490x257.jpg.webp 490w" sizes="(max-width: 1200px) 100vw, 1200px" title="Developing a global business strategy: Benefits and steps - rc global business strategy discover the latest business opportunities and ideas in hong kong"></noscript></figure></div> </div> </div> </div> <div class="wp-block-group alignfull section pt-4 is-layout-constrained wp-block-group-is-layout-constrained"> <div class="wp-block-group alignwide content-section is-layout-flow wp-block-group-is-layout-flow"> <div class="wp-block-columns gap-3 gap-md-0 is-layout-flex wp-container-core-columns-is-layout-2 wp-block-columns-is-layout-flex"> <div class="wp-block-column sidebar-column pe-lg-5 is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:28%"> <div class="wp-block-rank-math-toc-block" id="rank-math-toc"><p><strong>Table of Contents</strong></p><nav><ul><li class=""><a href="#what-is-a-global-business-strategy">What is a global business strategy?</a></li><li class=""><a href="#key-steps-to-creating-a-successful-global-business-strategy">Key steps to creating a successful global business strategy</a></li><li class=""><a href="#benefits-of-developing-a-global-business-strategy">Benefits of developing a global business strategy</a></li><li class=""><a href="#risk-management">Risk management</a></li><li class=""><a href="#the-importance-of-a-global-business-strategy">The importance of a global business strategy</a></li><li class=""><a href="#frequently-asked-questions">Frequently Asked Questions</a></li></ul></nav></div> <div class="wp-block-group is-layout-flow wp-block-group-is-layout-flow"> <div class="wp-block-group d-none d-lg-block is-layout-constrained wp-block-group-is-layout-constrained"> <p class="has-large-font-size"><strong>More topics</strong></p> <div class="topics-list-block wp-block-group d-flex gap-2 flex-wrap is-layout-flow"><div class="term-wrapper gradient-1 wp-block-group py-1 px-3 rounded-pill mb-0 has-background is-layout-flow mb-0 lh-base" style="font-size: 0.75rem;"> <a href="https://www.payoneer.com/en-in/resources/global-business-strategy/" class="text-decoration-none" data-type="rc"> <mark style="background-color:rgba(0, 0, 0, 0)" class="has-inline-color has-payoneer-black-color">Global business strategy</mark> </a> </div></div></div> </div> </div> <div class="wp-block-column content-column ps-lg-5 is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:66.66%"> <div class="wp-block-group pb-3 pb-sm-5 post-meta d-flex flex-column flex-sm-row gap-4 gap-sm-0 align-items-center justify-content-between is-layout-flow wp-block-group-is-layout-flow"> <div class="wp-block-group d-flex align-items-center gap-3 is-layout-flow wp-block-group-is-layout-flow"><div class="wp-block-post-author has-small-font-size has-avenir-next-world-medium-font-family"><div class="wp-block-post-author__avatar"><img decoding="async" alt="4ff1bdd7efde92e0a6fe8697b90018b1?s=48&#038;d=mm&#038;r=g" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2048%2048'%3E%3C/svg%3E" data-lazy-srcset="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=96&#038;d=mm&#038;r=g 2x" class="avatar avatar-48 photo" height="48" width="48" title="Developing a global business strategy: Benefits and steps - 4ff1bdd7efde92e0a6fe8697b90018b1?s=48&#038;d=mm&#038;r=g" data-lazy-src="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=48&#038;d=mm&#038;r=g"><noscript><img decoding="async" alt="4ff1bdd7efde92e0a6fe8697b90018b1?s=48&#038;d=mm&#038;r=g" src="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=48&#038;d=mm&#038;r=g" srcset="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=96&#038;d=mm&#038;r=g 2x" class="avatar avatar-48 photo" height="48" width="48" title="Developing a global business strategy: Benefits and steps - 4ff1bdd7efde92e0a6fe8697b90018b1?s=48&#038;d=mm&#038;r=g"></noscript></div><div class="wp-block-post-author__content"><p class="wp-block-post-author__name">Payoneer Team</p></div></div> <div class="border-start border-2 ps-3 wp-block-post-date has-text-color has-payoneer-middle-grey-color has-small-font-size"><time datetime="2023-06-30T11:15:22+03:00">June 30, 2023</time></div></div> <ul class="wp-block-social-links has-icon-color is-style-logos-only p-0 has-background is-layout-flex wp-block-social-links-is-layout-flex" style="background-color:#ffffff00"><li style="color: #252526; " class="wp-social-link wp-social-link-facebook has-payoneer-black-color wp-block-social-link"><a rel="noopener nofollow" target="_blank" href="https://www.facebook.com/sharer/sharer.php?u=" class="wp-block-social-link-anchor"><svg width="24" height="24" viewBox="0 0 24 24" version="1.1" xmlns="http://www.w3.org/2000/svg" aria-hidden="true" focusable="false"><path d="M12 2C6.5 2 2 6.5 2 12c0 5 3.7 9.1 8.4 9.9v-7H7.9V12h2.5V9.8c0-2.5 1.5-3.9 3.8-3.9 1.1 0 2.2.2 2.2.2v2.5h-1.3c-1.2 0-1.6.8-1.6 1.6V12h2.8l-.4 2.9h-2.3v7C18.3 21.1 22 17 22 12c0-5.5-4.5-10-10-10z"></path></svg><span class="wp-block-social-link-label screen-reader-text">Facebook</span></a></li> <li style="color: #252526; " class="wp-social-link wp-social-link-x has-payoneer-black-color wp-block-social-link"><a rel="noopener nofollow" target="_blank" href="https://x.com/intent/tweet?url=" class="wp-block-social-link-anchor"><svg width="24" height="24" viewBox="0 0 24 24" version="1.1" xmlns="http://www.w3.org/2000/svg" aria-hidden="true" focusable="false"><path d="M13.982 10.622 20.54 3h-1.554l-5.693 6.618L8.745 3H3.5l6.876 10.007L3.5 21h1.554l6.012-6.989L15.868 21h5.245l-7.131-10.378Zm-2.128 2.474-.697-.997-5.543-7.93H8l4.474 6.4.697.996 5.815 8.318h-2.387l-4.745-6.787Z" /></svg><span class="wp-block-social-link-label screen-reader-text">X</span></a></li> <li style="color: #252526; " class="wp-social-link wp-social-link-linkedin has-payoneer-black-color wp-block-social-link"><a rel="noopener nofollow" target="_blank" href="https://www.linkedin.com/sharing/share-offsite/?url=" class="wp-block-social-link-anchor"><svg width="24" height="24" viewBox="0 0 24 24" version="1.1" xmlns="http://www.w3.org/2000/svg" aria-hidden="true" focusable="false"><path d="M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z"></path></svg><span class="wp-block-social-link-label screen-reader-text">LinkedIn</span></a></li></ul> </div> <div class="wp-block-group alignfull is-layout-constrained wp-block-group-is-layout-constrained"> <h2 class="wp-block-heading" id="what-is-a-global-business-strategy"><strong>What is a global business strategy?</strong></h2> <p>A global business strategy is a plan that outlines how a company will expand its operations beyond its domestic market to become a global player. The primary objective of a global business strategy is to increase revenue, profitability, and market share by taking advantage of opportunities in the global market.</p> <p>It involves identifying potential international markets, analyzing cultural differences, and developing a competitive advantage in those markets.</p> <blockquote class="wp-block-quote has-text-align-center is-style-default has-large-font-size is-layout-flow wp-block-quote-is-layout-flow"> <p class="has-text-align-center has-large-font-size"><strong><em><strong>“To compete in a global economy, companies must move beyond a focus on cost and efficiency to a broader strategic perspective that encompasses opportunities for innovation, growth, and risk management.&#8221;</strong></em></strong></p> <figure class="wp-block-image size-full"><img decoding="async" width="110" height="110" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20110%20110'%3E%3C/svg%3E" alt="li fei.png" class="wp-image-28993" title="Developing a global business strategy: Benefits and steps - li fei.png" data-lazy-src="https://www.payoneer.com/wp-content/uploads/li-fei.png.webp"><noscript><img decoding="async" width="110" height="110" src="https://www.payoneer.com/wp-content/uploads/li-fei.png.webp" alt="li fei.png" class="wp-image-28993" title="Developing a global business strategy: Benefits and steps - li fei.png"></noscript></figure> <cite><strong>Michael E. Porter</strong>,<br>Harvard Business School professor</cite></blockquote> <p>Developing a global business strategy requires careful planning and research; Below, we’ve gathered the most crucial steps to help you build one for your business.</p> <h2 class="wp-block-heading" id="key-steps-to-creating-a-successful-global-business-strategy"><strong>Key steps to creating a successful global business strategy</strong></h2> <h3 class="wp-block-heading" id="identify-your-objectives"><strong>Identify your objectives</strong></h3> <p>The first step in developing a global business strategy is to identify your objectives. What are you hoping to achieve by expanding into new markets? Are you looking to increase your revenue, reduce your costs, or gain access to new customers?</p> <p>Once you have identified your objectives, you can begin to identify the markets that are most likely to help you achieve them.</p> <h3 class="wp-block-heading" id="conduct-market-research"><strong>Conduct market research</strong></h3> <p>Before expanding into new markets, it is essential to conduct thorough market research. This will help you to understand the local culture, identify any cultural differences that may impact your business, and determine the potential demand for your products or services.</p> <p>You should also research the competition in the local market and identify any potential barriers to entry. This will help you to develop a strategy that will enable you to compete effectively in the new market.</p> <h3 class="wp-block-heading" id="develop-a-marketing-plan"><strong>Develop a marketing plan</strong></h3> <p>Once you have identified the market you want to enter, you will need to develop a marketing plan. This plan should include a detailed analysis of the local market, your target audience, and your competitors.</p> <p>You should also identify the channels you will use to reach your target audiences, such as social media, email marketing, or search engine optimization.</p> <h3 class="wp-block-heading" id="build-a-local-presence"><strong>Build a local presence</strong></h3> <p>Building a local presence is critical when expanding into new markets. This can include setting up a physical office or store, hiring local staff, and developing relationships with local suppliers and partners.</p> <p>Having a local presence will help you build trust with your customers, understand the local culture and business practices, and provide better customer service.</p> <h3 class="wp-block-heading" id="implement-risk-management-strategies"><strong>Implement risk management strategies</strong></h3> <p>Expanding into global markets also comes with risks. These risks can include political instability, currency fluctuations, legal challenges, and more. To manage these risks, businesses must conduct a thorough risk assessment and implement risk management strategies.</p> <p>One strategy is to diversify operations across multiple countries to minimize the impact of any single risk event. Additionally, businesses can invest in insurance policies that cover the specific risks they face in each market.</p> <h3 class="wp-block-heading" id="manage-cultural-differences"><strong>Manage cultural differences</strong></h3> <p>Cultural differences can pose a challenge to businesses expanding into global markets. Companies must take the time to understand the cultural norms and values of the countries they are targeting. This includes the language, customs, beliefs, and etiquette of the local population. Failure to understand these cultural differences can result in misunderstandings, miscommunication, and, ultimately, loss of business.</p> <blockquote class="wp-block-quote has-text-align-center is-style-default has-large-font-size is-layout-flow wp-block-quote-is-layout-flow"> <p class="has-text-align-center has-large-font-size"><strong><em><strong><strong>&#8220;Global business requires a willingness to adjust to different cultures, different legal systems, and different ways of doing things. It is not enough to simply export your business model to a new location and expect it to work.&#8221;</strong></strong></em></strong></p> <figure class="wp-block-image size-full"><img decoding="async" width="110" height="110" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20110%20110'%3E%3C/svg%3E" alt="li fei.png" class="wp-image-28993" title="Developing a global business strategy: Benefits and steps - li fei.png" data-lazy-src="https://www.payoneer.com/wp-content/uploads/li-fei.png.webp"><noscript><img decoding="async" width="110" height="110" src="https://www.payoneer.com/wp-content/uploads/li-fei.png.webp" alt="li fei.png" class="wp-image-28993" title="Developing a global business strategy: Benefits and steps - li fei.png"></noscript></figure> <cite><strong>Niall Ferguson,</strong><br>Economic historian and author</cite></blockquote> <p>One way to manage cultural differences is to hire local employees or consultants who can help bridge the cultural divide. These individuals can provide insights into the local market and help companies navigate the local culture. In addition, businesses can invest in cultural training for their employees to help them better understand the local culture and adapt to it.</p> <h2 class="wp-block-heading" id="benefits-of-developing-a-global-business-strategy"><strong>Benefits of developing a global business strategy</strong></h2> <p>Developing a global business strategy can bring a range of benefits to businesses.</p> <h3 class="wp-block-heading" id="increased-revenue-and-profitability"><strong>Increased revenue and profitability</strong></h3> <p>A global business strategy can lead to increased revenue and profitability. By expanding into new markets, companies can access a larger customer base and generate more sales. This can also lead to economies of scale, which can lower costs and increase profitability.</p> <h3 class="wp-block-heading" id="reduced-costs"><strong>Reduced costs</strong></h3> <p>Developing a global business strategy can also help businesses reduce their costs by taking advantage of economies of scale, accessing cheaper inputs, and outsourcing some functions to lower-cost locations.</p> <h3 class="wp-block-heading" id="competitive-advantage"><strong>Competitive advantage</strong></h3> <p>A global business strategy enables companies to develop a competitive advantage in the global market. By understanding cultural differences, companies can differentiate themselves from competitors and increase their market share by tapping into new markets, accessing new customers, and developing new products or services.</p> <h3 class="wp-block-heading" id="market-expansion"><strong>Market expansion:</strong></h3> <p>Developing a global business strategy allows companies to tap into new markets and diversify their revenue streams. This reduces the risk of relying on a single market and enables companies to leverage growth opportunities in different parts of the world.</p> <h2 class="wp-block-heading" id="risk-management"><strong>Risk management</strong></h2> <p>A global business strategy can help companies manage risk. By diversifying their operations across different regions, companies can mitigate the impact of political instability, economic downturns, and natural disasters in any one market.</p> <blockquote class="wp-block-quote has-text-align-center is-style-default has-large-font-size is-layout-flow wp-block-quote-is-layout-flow"> <p class="has-text-align-center has-large-font-size"><strong><em><strong><strong><strong>&#8220;A successful global strategy requires a clear understanding of local markets, cultures, and customer preferences. Companies that can adapt quickly to these differences are the ones that will succeed in the long term.&#8221;</strong></strong></strong></em></strong></p> <figure class="wp-block-image size-full"><img decoding="async" width="110" height="110" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20110%20110'%3E%3C/svg%3E" alt="li fei.png" class="wp-image-28993" title="Developing a global business strategy: Benefits and steps - li fei.png" data-lazy-src="https://www.payoneer.com/wp-content/uploads/li-fei.png.webp"><noscript><img decoding="async" width="110" height="110" src="https://www.payoneer.com/wp-content/uploads/li-fei.png.webp" alt="li fei.png" class="wp-image-28993" title="Developing a global business strategy: Benefits and steps - li fei.png"></noscript></figure> <cite><strong>Indra Nooyi,<br></strong>former CEO of PepsiCo</cite></blockquote> <h2 class="wp-block-heading" id="the-importance-of-a-global-business-strategy"><strong>The importance of a global business strategy</strong></h2> <p>In today&#8217;s globalized economy, businesses must expand into global markets to grow and succeed. Developing a successful global business strategy is essential for maximizing growth opportunities, managing risks, and overcoming cultural barriers. By following the steps outlined in this article, businesses can create a local presence, implement risk management strategies, and develop a marketing plan that enables them to compete effectively in the global market. With the right strategy, businesses can increase their global reach, expand into new markets, and achieve long-term success.</p> <h2 class="wp-block-heading" id="frequently-asked-questions"><strong>Frequently Asked Questions</strong></h2> <div class="faqs accordion" id="accordion-block_4a297af0360b7fd0a73602e86f7b9f1d"> <div class="accordion-item border-0 rounded-0 border-bottom bg-transparent" data-accordion-item-name="What is the difference between globalization and internationalization?"> <div class="accordion-header" id="heading-block_4a297af0360b7fd0a73602e86f7b9f1d_68084"> <button class="accordion-button collapsed px-0 bg-transparent" type="button" data-bs-toggle="collapse" data-bs-target="#collapse-block_4a297af0360b7fd0a73602e86f7b9f1d_68084" aria-expanded="true" aria-controls="collapse-block_4a297af0360b7fd0a73602e86f7b9f1d_68084"> What is the difference between globalization and internationalization? <i class="level1-0136-chevron-down-plain small ms-auto"></i> </button> </div> <div id="collapse-block_4a297af0360b7fd0a73602e86f7b9f1d_68084" class="accordion-collapse collapse" aria-labelledby="heading-block_4a297af0360b7fd0a73602e86f7b9f1d_68084" data-bs-parent="#accordion-block_4a297af0360b7fd0a73602e86f7b9f1d"> <div class="accordion-body px-0"> <p>Globalization refers to the process of businesses expanding their operations globally and creating a worldwide strategy. Internationalization refers to the process of businesses entering foreign markets and expanding their operations internationally.</p> </div> </div> </div> <div class="accordion-item border-0 rounded-0 border-bottom bg-transparent" data-accordion-item-name="What are the advantages of global business expansion?"> <div class="accordion-header" id="heading-block_4a297af0360b7fd0a73602e86f7b9f1d_68085"> <button class="accordion-button collapsed px-0 bg-transparent" type="button" data-bs-toggle="collapse" data-bs-target="#collapse-block_4a297af0360b7fd0a73602e86f7b9f1d_68085" aria-expanded="true" aria-controls="collapse-block_4a297af0360b7fd0a73602e86f7b9f1d_68085"> What are the advantages of global business expansion? <i class="level1-0136-chevron-down-plain small ms-auto"></i> </button> </div> <div id="collapse-block_4a297af0360b7fd0a73602e86f7b9f1d_68085" class="accordion-collapse collapse" aria-labelledby="heading-block_4a297af0360b7fd0a73602e86f7b9f1d_68085" data-bs-parent="#accordion-block_4a297af0360b7fd0a73602e86f7b9f1d"> <div class="accordion-body px-0"> <p>Global business expansion can be an important part of a company&#8217;s global business strategy. It allows companies to tap into new markets, increase revenue and profitability, develop a competitive advantage, and manage risk by diversifying their operations.</p> </div> </div> </div> <div class="accordion-item border-0 rounded-0 border-bottom bg-transparent" data-accordion-item-name="How do cultural differences impact global business strategy?"> <div class="accordion-header" id="heading-block_4a297af0360b7fd0a73602e86f7b9f1d_68086"> <button class="accordion-button collapsed px-0 bg-transparent" type="button" data-bs-toggle="collapse" data-bs-target="#collapse-block_4a297af0360b7fd0a73602e86f7b9f1d_68086" aria-expanded="true" aria-controls="collapse-block_4a297af0360b7fd0a73602e86f7b9f1d_68086"> How do cultural differences impact global business strategy? <i class="level1-0136-chevron-down-plain small ms-auto"></i> </button> </div> <div id="collapse-block_4a297af0360b7fd0a73602e86f7b9f1d_68086" class="accordion-collapse collapse" aria-labelledby="heading-block_4a297af0360b7fd0a73602e86f7b9f1d_68086" data-bs-parent="#accordion-block_4a297af0360b7fd0a73602e86f7b9f1d"> <div class="accordion-body px-0"> <p>Cultural differences can have a significant impact on global business strategy. Different cultures have different values, beliefs, and attitudes toward business, and understanding these differences is crucial for success in international markets. Cultural differences can also impact marketing and product development strategies. </p> </div> </div> </div> </div> <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{"@type":"Question","name":"What is the difference between globalization and internationalization?","acceptedAnswer":{"@type":"Answer","text":"<!-- wp:paragraph -->\n<p>Globalization refers to the process of businesses expanding their operations globally and creating a worldwide strategy. 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Different cultures have different values, beliefs, and attitudes toward business, and understanding these differences is crucial for success in international markets. Cultural differences can also impact marketing and product development strategies.\u00a0<\/p>\n<!-- \/wp:paragraph -->"}}] } </script> </div> </div> </div> </div> </div> <div class="wp-block-group alignfull section overflow-hidden is-style-default is-layout-constrained wp-block-group-is-layout-constrained" id="featured-resources-section" data-section-name="related resources"> <div class="wp-block-group alignwide is-layout-flow wp-block-group-is-layout-flow"> <h3 class="wp-block-heading mb-4 text-center text-lg-start section-title" id="related-resources"><strong><strong>Related resources</strong></strong></h3> <div class="wp-block-query is-layout-flow wp-block-query-is-layout-flow" data-carousel-name="related resources"><ul class="featured-resources slick-slider pt-0 pt-md-5 wp-block-post-template is-layout-flow wp-block-post-template-is-layout-flow"><li class="wp-block-post post-84720 rc type-rc status-publish has-post-thumbnail hentry"> <div id="post-rc-84720" class="rc post-item-wrapper" data-business-type="Business" data-topic="Global business strategy" data-link-name="Developing a global business strategy: Benefits and steps" data-card-type="resource"> <div class="wp-block-group h-100 card bg-white p-3 is-layout-flow wp-block-group-is-layout-flow"><figure class="mb-4 wp-block-post-featured-image"><a href="https://www.payoneer.com/en-in/resources/global-business-strategy/" target="_self"><img decoding="async" width="315" height="205" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20315%20205'%3E%3C/svg%3E" class="attachment-resource-hub-thumbnail size-resource-hub-thumbnail wp-post-image" alt="Developing a global business strategy: Benefits and steps" style="border-radius:4px;object-fit:cover;" title="Developing a global business strategy: Benefits and steps - rc global business strategy discover the latest business opportunities and ideas in hong kong" data-lazy-src="https://www.payoneer.com/wp-content/uploads/rc-global_business_strategy-discover_the_latest_business_opportunities_and_ideas_in_hong_kong-315x205.jpg.webp"><noscript><img decoding="async" width="315" height="205" src="https://www.payoneer.com/wp-content/uploads/rc-global_business_strategy-discover_the_latest_business_opportunities_and_ideas_in_hong_kong-315x205.jpg.webp" class="attachment-resource-hub-thumbnail size-resource-hub-thumbnail wp-post-image" alt="Developing a global business strategy: Benefits and steps" style="border-radius:4px;object-fit:cover;" title="Developing a global business strategy: Benefits and steps - rc global business strategy discover the latest business opportunities and ideas in hong kong"></noscript></a></figure> <div class="wp-block-group h-100 d-flex flex-column is-layout-flow wp-block-group-is-layout-flow"><h3 class="mb-3 wp-block-post-title has-large-font-size has-avenir-next-world-demi-font-family"><a href="https://www.payoneer.com/en-in/resources/global-business-strategy/" target="_self">Developing a global business strategy: Benefits and steps</a></h3> <div class="limit-excerpt mb-3 wp-block-post-excerpt has-small-font-size"><p class="wp-block-post-excerpt__excerpt">Developing a successful global business strategy is crucial for any business looking to expand beyond its domestic market. 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Keep reading to learn how to get started, what types of products to sell, and where&hellip; </p></div> <div class="wp-block-group mt-auto d-flex align-items-center gap-2 is-layout-flow wp-block-group-is-layout-flow"><div class="wp-block-avatar"><img decoding="async" alt="Payoneer Team Avatar" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2040%2040'%3E%3C/svg%3E" data-lazy-srcset="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=80&#038;d=mm&#038;r=g 2x" class="avatar avatar-40 photo wp-block-avatar__image" height="40" width="40" style="border-radius:50%;" title="Developing a global business strategy: Benefits and steps - 4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g" data-lazy-src="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g"><noscript><img decoding="async" alt="Payoneer Team Avatar" src="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g" srcset="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=80&#038;d=mm&#038;r=g 2x" class="avatar avatar-40 photo wp-block-avatar__image" height="40" width="40" style="border-radius:50%;" title="Developing a global business strategy: Benefits and steps - 4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g"></noscript></div> <div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained"><div class="wp-block-post-author has-small-font-size has-avenir-next-world-medium-font-family"><div class="wp-block-post-author__content"><p class="wp-block-post-author__name">Payoneer Team</p></div></div> <div style="color:#667085;" class="wp-block-post-date has-text-color has-small-font-size"><time datetime="2023-05-23T08:28:36+03:00">23 May 2023</time></div></div> </div> </div> </div> </div> </li><li class="wp-block-post post-84707 rc type-rc status-publish has-post-thumbnail hentry"> <div id="post-rc-84707" class="rc post-item-wrapper" data-business-type="Business" data-topic="Account payable" data-link-name="Online Payments: what are they, types and benefits" data-card-type="resource"> <div class="wp-block-group h-100 card bg-white p-3 is-layout-flow wp-block-group-is-layout-flow"><figure class="mb-4 wp-block-post-featured-image"><a href="https://www.payoneer.com/en-in/resources/accounts-payable/" target="_self"><img decoding="async" width="315" height="205" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20315%20205'%3E%3C/svg%3E" class="attachment-resource-hub-thumbnail size-resource-hub-thumbnail wp-post-image" alt="Online Payments: what are they, types and benefits" style="border-radius:4px;object-fit:cover;" title="Online Payments: what are they, types and benefits - Online Payments What are they Types and Benefits" data-lazy-src="https://www.payoneer.com/wp-content/uploads/Online-Payments_-What-are-they-Types-and-Benefits-315x205.jpg.webp"><noscript><img decoding="async" width="315" height="205" src="https://www.payoneer.com/wp-content/uploads/Online-Payments_-What-are-they-Types-and-Benefits-315x205.jpg.webp" class="attachment-resource-hub-thumbnail size-resource-hub-thumbnail wp-post-image" alt="Online Payments: what are they, types and benefits" style="border-radius:4px;object-fit:cover;" title="Online Payments: what are they, types and benefits - Online Payments What are they Types and Benefits"></noscript></a></figure> <div class="wp-block-group h-100 d-flex flex-column is-layout-flow wp-block-group-is-layout-flow"><h3 class="mb-3 wp-block-post-title has-large-font-size has-avenir-next-world-demi-font-family"><a href="https://www.payoneer.com/en-in/resources/accounts-payable/" target="_self">Online Payments: what are they, types and benefits</a></h3> <div class="limit-excerpt mb-3 wp-block-post-excerpt has-small-font-size"><p class="wp-block-post-excerpt__excerpt">As more people embrace digital transactions, online payments have become vital for businesses. 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How they work, and their importance in today&#8217;s digital landscape. </p></div> <div class="wp-block-group mt-auto d-flex align-items-center gap-2 is-layout-flow wp-block-group-is-layout-flow"><div class="wp-block-avatar"><img decoding="async" alt="Payoneer Team Avatar" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2040%2040'%3E%3C/svg%3E" data-lazy-srcset="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=80&#038;d=mm&#038;r=g 2x" class="avatar avatar-40 photo wp-block-avatar__image" height="40" width="40" style="border-radius:50%;" title="Developing a global business strategy: Benefits and steps - 4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g" data-lazy-src="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g"><noscript><img decoding="async" alt="Payoneer Team Avatar" src="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g" srcset="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=80&#038;d=mm&#038;r=g 2x" class="avatar avatar-40 photo wp-block-avatar__image" height="40" width="40" style="border-radius:50%;" title="Developing a global business strategy: Benefits and steps - 4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g"></noscript></div> <div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained"><div class="wp-block-post-author has-small-font-size has-avenir-next-world-medium-font-family"><div class="wp-block-post-author__content"><p class="wp-block-post-author__name">Payoneer Team</p></div></div> <div style="color:#667085;" class="wp-block-post-date has-text-color has-small-font-size"><time datetime="2023-05-14T13:29:34+03:00">14 May 2023</time></div></div> </div> </div> </div> </div> </li><li class="wp-block-post post-84726 rc type-rc status-publish has-post-thumbnail hentry"> <div id="post-rc-84726" class="rc post-item-wrapper" data-business-type="Agencies" data-topic="Account payable" data-link-name="Making Payments to Remote Workers, Worldwide" data-card-type="resource"> <div class="wp-block-group h-100 card bg-white p-3 is-layout-flow wp-block-group-is-layout-flow"><figure class="mb-4 wp-block-post-featured-image"><a href="https://www.payoneer.com/en-in/resources/accounts-payable/making-payments-remote-workers-worldwide/" target="_self"><img decoding="async" width="315" height="205" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20315%20205'%3E%3C/svg%3E" class="attachment-resource-hub-thumbnail size-resource-hub-thumbnail wp-post-image" alt="Making Payments to Remote Workers, Worldwide" style="border-radius:4px;object-fit:cover;" title="Making Payments to Remote Workers, Worldwide - MAKING PAYMENTS TO REMOTE WORKERS WORLDWIDE" data-lazy-src="https://www.payoneer.com/wp-content/uploads/MAKING-PAYMENTS-TO-REMOTE-WORKERS-WORLDWIDE-315x205.jpg.webp"><noscript><img decoding="async" width="315" height="205" src="https://www.payoneer.com/wp-content/uploads/MAKING-PAYMENTS-TO-REMOTE-WORKERS-WORLDWIDE-315x205.jpg.webp" class="attachment-resource-hub-thumbnail size-resource-hub-thumbnail wp-post-image" alt="Making Payments to Remote Workers, Worldwide" style="border-radius:4px;object-fit:cover;" title="Making Payments to Remote Workers, Worldwide - MAKING PAYMENTS TO REMOTE WORKERS WORLDWIDE"></noscript></a></figure> <div class="wp-block-group h-100 d-flex flex-column is-layout-flow wp-block-group-is-layout-flow"><h3 class="mb-3 wp-block-post-title has-large-font-size has-avenir-next-world-demi-font-family"><a href="https://www.payoneer.com/en-in/resources/accounts-payable/making-payments-remote-workers-worldwide/" target="_self">Making Payments to Remote Workers, Worldwide</a></h3> <div class="limit-excerpt mb-3 wp-block-post-excerpt has-small-font-size"><p class="wp-block-post-excerpt__excerpt">As remote work becomes more common, Payoneer offers flexible payment solutions for salaried, hourly, or contract payments. Learn how it can help solve operational challenges and leverage your workforce. </p></div> <div class="wp-block-group mt-auto d-flex align-items-center gap-2 is-layout-flow wp-block-group-is-layout-flow"><div class="wp-block-avatar"><img decoding="async" alt="Payoneer Team Avatar" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2040%2040'%3E%3C/svg%3E" data-lazy-srcset="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=80&#038;d=mm&#038;r=g 2x" class="avatar avatar-40 photo wp-block-avatar__image" height="40" width="40" style="border-radius:50%;" title="Developing a global business strategy: Benefits and steps - 4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g" data-lazy-src="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g"><noscript><img decoding="async" alt="Payoneer Team Avatar" src="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g" srcset="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=80&#038;d=mm&#038;r=g 2x" class="avatar avatar-40 photo wp-block-avatar__image" height="40" width="40" style="border-radius:50%;" title="Developing a global business strategy: Benefits and steps - 4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g"></noscript></div> <div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained"><div class="wp-block-post-author has-small-font-size has-avenir-next-world-medium-font-family"><div class="wp-block-post-author__content"><p class="wp-block-post-author__name">Payoneer Team</p></div></div> <div style="color:#667085;" class="wp-block-post-date has-text-color has-small-font-size"><time datetime="2023-05-11T06:42:40+03:00">11 May 2023</time></div></div> </div> </div> </div> </div> </li><li class="wp-block-post post-84734 rc type-rc status-publish has-post-thumbnail hentry"> <div id="post-rc-84734" class="rc post-item-wrapper" data-business-type="Affiliates" data-topic="International payments" data-link-name="Online Banking: what it is, how it works and best options" data-card-type="resource"> <div class="wp-block-group h-100 card bg-white p-3 is-layout-flow wp-block-group-is-layout-flow"><figure class="mb-4 wp-block-post-featured-image"><a href="https://www.payoneer.com/en-in/resources/online-banking/" target="_self"><img decoding="async" width="315" height="205" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20315%20205'%3E%3C/svg%3E" class="attachment-resource-hub-thumbnail size-resource-hub-thumbnail wp-post-image" alt="Online Banking: what it is, how it works and best options" style="border-radius:4px;object-fit:cover;" title="Online Banking: what it is, how it works and best options - Online Banking Your Complete Guide to Understanding and Choosing a Provider" data-lazy-src="https://www.payoneer.com/wp-content/uploads/Online-Banking-Your-Complete-Guide-to-Understanding-and-Choosing-a-Provider-315x205.jpg.webp"><noscript><img decoding="async" width="315" height="205" src="https://www.payoneer.com/wp-content/uploads/Online-Banking-Your-Complete-Guide-to-Understanding-and-Choosing-a-Provider-315x205.jpg.webp" class="attachment-resource-hub-thumbnail size-resource-hub-thumbnail wp-post-image" alt="Online Banking: what it is, how it works and best options" style="border-radius:4px;object-fit:cover;" title="Online Banking: what it is, how it works and best options - Online Banking Your Complete Guide to Understanding and Choosing a Provider"></noscript></a></figure> <div class="wp-block-group h-100 d-flex flex-column is-layout-flow wp-block-group-is-layout-flow"><h3 class="mb-3 wp-block-post-title has-large-font-size has-avenir-next-world-demi-font-family"><a href="https://www.payoneer.com/en-in/resources/online-banking/" target="_self">Online Banking: what it is, how it works and best options</a></h3> <div class="limit-excerpt mb-3 wp-block-post-excerpt has-small-font-size"><p class="wp-block-post-excerpt__excerpt">This guide was created to help you confidently navigate the basics of internet banking. Expect to learn answers to questions such as: What is online banking and how does online banking work? We also run through safety measures for transacting online. </p></div> <div class="wp-block-group mt-auto d-flex align-items-center gap-2 is-layout-flow wp-block-group-is-layout-flow"><div class="wp-block-avatar"><img decoding="async" alt="Payoneer Team Avatar" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2040%2040'%3E%3C/svg%3E" data-lazy-srcset="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=80&#038;d=mm&#038;r=g 2x" class="avatar avatar-40 photo wp-block-avatar__image" height="40" width="40" style="border-radius:50%;" title="Developing a global business strategy: Benefits and steps - 4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g" data-lazy-src="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g"><noscript><img decoding="async" alt="Payoneer Team Avatar" src="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g" srcset="https://secure.gravatar.com/avatar/4ff1bdd7efde92e0a6fe8697b90018b1?s=80&#038;d=mm&#038;r=g 2x" class="avatar avatar-40 photo wp-block-avatar__image" height="40" width="40" style="border-radius:50%;" title="Developing a global business strategy: Benefits and steps - 4ff1bdd7efde92e0a6fe8697b90018b1?s=40&#038;d=mm&#038;r=g"></noscript></div> <div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained"><div class="wp-block-post-author has-small-font-size has-avenir-next-world-medium-font-family"><div class="wp-block-post-author__content"><p class="wp-block-post-author__name">Payoneer Team</p></div></div> <div style="color:#667085;" class="wp-block-post-date has-text-color has-small-font-size"><time datetime="2023-05-03T12:45:44+03:00">3 May 2023</time></div></div> </div> </div> </div> </div> </li></ul></div> </div> </div> <div class="wp-block-group alignfull section is-layout-constrained wp-block-group-is-layout-constrained" data-section-name="latest articles"> <div class="wp-block-group alignwide is-layout-flow wp-block-group-is-layout-flow"> <h3 class="wp-block-heading mb-4 text-center text-lg-start section-title" id="latest-articles"><strong>Latest articles</strong></h3> <div class="wp-block-query latest-articles is-layout-flow wp-block-query-is-layout-flow" data-carousel-name="latest articles"><ul class="d-md-flex flex-wrap gap-4 wp-block-post-template is-layout-flow wp-block-post-template-is-layout-flow"><li class="wp-block-post post-84570 rc type-rc status-publish has-post-thumbnail hentry"> <div id="post-rc-84570" class="rc post-item-wrapper" data-business-type="Agencies" data-topic="Global business strategy" data-link-name="Made in India for the World: The State of Indian Cross-Border eCommerce" data-card-type="resource"> <div class="wp-block-group d-flex align-items-center flex-row card bg-transparent px-0 border-0 rounded-0 m-2 py-4 border-bottom border-2 is-layout-flow wp-block-group-is-layout-flow"><figure style="width:100px;" class="mb-0 wp-block-post-featured-image"><a href="https://www.payoneer.com/en-in/resources/indian-cross-border-ecommerce/" target="_self"><img decoding="async" width="150" height="150" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20150%20150'%3E%3C/svg%3E" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Made in India for the World: The State of Indian Cross-Border eCommerce" style="border-radius:4px;object-fit:cover;" title="Made in India for the World: The State of Indian Cross-Border eCommerce - rc register your business in pakistan" data-lazy-src="https://www.payoneer.com/wp-content/uploads/rc-register-your-business-in-pakistan-150x150.jpg.webp"><noscript><img decoding="async" width="150" height="150" src="https://www.payoneer.com/wp-content/uploads/rc-register-your-business-in-pakistan-150x150.jpg.webp" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Made in India for the World: The State of Indian Cross-Border eCommerce" style="border-radius:4px;object-fit:cover;" title="Made in India for the World: The State of Indian Cross-Border eCommerce - rc register your business in pakistan"></noscript></a></figure> <div class="wp-block-group ps-4 is-layout-constrained wp-block-group-is-layout-constrained"><h3 class="mb-3 wp-block-post-title has-large-font-size has-avenir-next-world-demi-font-family"><a href="https://www.payoneer.com/en-in/resources/indian-cross-border-ecommerce/" target="_self">Made in India for the World: The State of Indian Cross-Border eCommerce</a></h3> <div class="wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-43 wp-block-group-is-layout-constrained"><div class="mb-0 limit-excerpt wp-block-post-excerpt has-small-font-size"><p class="wp-block-post-excerpt__excerpt">The Indian eCommerce market has grown significantly in the last few years. As a result, many cross-border businesses have undergone a fast-paced digital transformation and contributed to surpassing the government-set $400 billion target of trade within a single year. </p></div></div> </div> </div> </div> </li><li class="wp-block-post post-84746 rc type-rc status-publish has-post-thumbnail hentry"> <div id="post-rc-84746" class="rc post-item-wrapper" data-business-type="Affiliates" data-topic="Research and reports" data-link-name="Defying the odds: How Ukrainian businesses thrive during war" data-card-type="resource"> <div class="wp-block-group d-flex align-items-center flex-row card bg-transparent px-0 border-0 rounded-0 m-2 py-4 border-bottom border-2 is-layout-flow wp-block-group-is-layout-flow"><figure style="width:100px;" class="mb-0 wp-block-post-featured-image"><a href="https://www.payoneer.com/en-in/resources/how-ukranian-businesses-thrive-during-war/" target="_self"><img decoding="async" width="150" height="150" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20150%20150'%3E%3C/svg%3E" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Defying the odds: How Ukrainian businesses thrive during war" style="border-radius:4px;object-fit:cover;" title="Defying the odds: How Ukrainian businesses thrive during war - defying the odds how ukrainian businesses thrive during war" data-lazy-src="https://www.payoneer.com/wp-content/uploads/defying_the_odds_how_ukrainian_businesses_thrive_during_war-150x150.jpeg.webp"><noscript><img decoding="async" width="150" height="150" src="https://www.payoneer.com/wp-content/uploads/defying_the_odds_how_ukrainian_businesses_thrive_during_war-150x150.jpeg.webp" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Defying the odds: How Ukrainian businesses thrive during war" style="border-radius:4px;object-fit:cover;" title="Defying the odds: How Ukrainian businesses thrive during war - defying the odds how ukrainian businesses thrive during war"></noscript></a></figure> <div class="wp-block-group ps-4 is-layout-constrained wp-block-group-is-layout-constrained"><h3 class="mb-3 wp-block-post-title has-large-font-size has-avenir-next-world-demi-font-family"><a href="https://www.payoneer.com/en-in/resources/how-ukranian-businesses-thrive-during-war/" target="_self">Defying the odds: How Ukrainian businesses thrive during war</a></h3> <div class="wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-46 wp-block-group-is-layout-constrained"><div class="mb-0 limit-excerpt wp-block-post-excerpt has-small-font-size"><p class="wp-block-post-excerpt__excerpt">One year post-war, Ukraine&#8217;s businesses adapt and thrive amidst adversity. Entrepreneurs showcase resilience, reflecting national tenacity. Many diversify, venturing into e-commerce and digital realms. Despite hurdles, 44% of SMBs aim for growth, with 36% hiring. Their grit underscores Ukraine&#8217;s enduring spirit amid challenges. </p></div></div> </div> </div> </div> </li><li class="wp-block-post post-84712 rc type-rc status-publish has-post-thumbnail hentry"> <div id="post-rc-84712" class="rc post-item-wrapper" data-link-name="What Are The Best Payment Options For Freelancers?" data-card-type="resource"> <div class="wp-block-group d-flex align-items-center flex-row card bg-transparent px-0 border-0 rounded-0 m-2 py-4 border-bottom border-2 is-layout-flow wp-block-group-is-layout-flow"><figure style="width:100px;" class="mb-0 wp-block-post-featured-image"><a href="https://www.payoneer.com/en-in/resources/accounts-payable/what-are-payment-options-for-freelancers/" target="_self"><img decoding="async" width="150" height="150" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20150%20150'%3E%3C/svg%3E" class="attachment-thumbnail size-thumbnail wp-post-image" alt="What Are The Best Payment Options For Freelancers?" style="border-radius:4px;object-fit:cover;" title="What Are The Best Payment Options For Freelancers? - what are your payment options for freelancers" data-lazy-src="https://www.payoneer.com/wp-content/uploads/what_are_your_payment_options_for_freelancers_-150x150.jpeg.webp"><noscript><img decoding="async" width="150" height="150" src="https://www.payoneer.com/wp-content/uploads/what_are_your_payment_options_for_freelancers_-150x150.jpeg.webp" class="attachment-thumbnail size-thumbnail wp-post-image" alt="What Are The Best Payment Options For Freelancers?" style="border-radius:4px;object-fit:cover;" title="What Are The Best Payment Options For Freelancers? - what are your payment options for freelancers"></noscript></a></figure> <div class="wp-block-group ps-4 is-layout-constrained wp-block-group-is-layout-constrained"><h3 class="mb-3 wp-block-post-title has-large-font-size has-avenir-next-world-demi-font-family"><a href="https://www.payoneer.com/en-in/resources/accounts-payable/what-are-payment-options-for-freelancers/" target="_self">What Are The Best Payment Options For Freelancers?</a></h3> <div class="wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-49 wp-block-group-is-layout-constrained"><div class="mb-0 limit-excerpt wp-block-post-excerpt has-small-font-size"><p class="wp-block-post-excerpt__excerpt">Freelancers offer flexibility and expertise without the overhead of traditional employees. 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