Modern Challenges for Companies in the Context of Business Internationalization

Article Title
Modern Challenges for Companies in the Context of Business Internationalization

Authors
Yakovlieva Viktoriia
Student, Odesa National Economic University, Odesa, Ukraine

Olha Orlenko
PhD in Economics, Associate Professor, Odesa National Economic University, Odesa, Ukraine

Journal Details
Journal: International Journal of Psychology and Strategic Communication
ISSN (Online): 2941-5691
ISSN (Print): 2941-5705
DOI: https://doi.org/10.61030/CVDT2672

Abstract
This paper is dedicated to analyzing factors influencing the success of enterprise internationalization in a globalized world. The research is highly relevant due to the rapid growth of globalization and business internationalization, which present companies with new and complex challenges. On the one hand, this opens up broad opportunities for market expansion and increased competitiveness, but on the other hand, it requires adaptation to diverse cultural, economic, and political contexts. The study aims to identify key factors of successful internationalization, analyze contemporary challenges faced by companies during the internationalization process, and develop practical recommendations for overcoming these challenges and achieving success in globalization. The research results will increase the competitiveness of Ukrainian enterprises on the global market, strengthen Ukraine’s position in the worldwide economy, and expand opportunities for Ukrainian companies to attract foreign investment.

Keywords
Internationalization of business, International expansion, International market, Globalization, Market expansion

How to Cite This Article
Yakovlieva, V., & Orlenko, O. (2025). Modern Challenges for Companies in the Context of Business Internationalization. International Journal of Psychology and Strategic Communication, 3(1), 390–397. https://doi.org/10.61030/CVDT2672