Corporate Globalization and Challenges for Pakistani Companies

Abstract

This study examines the challenges of spreading network faced by Pakistani companies in different sectors. After establishing themselves in the domestic markets, firms exploit their competitive edges, and resume export, import, or establish subsidiaries to facilities, or service operations abroad, which may not only benefit them but the domestic and foreign economies as well. Above all, it serves as a proactive strategy to exploit global opportunities and excel competition by upgrading their skills, technology, competitive knowhow, and resource base. Such advancement can safeguard them from the invasion and competitive hazard of rivals, particularly foreign-based global businesses. The research applies the tools of qualitative and quantitative investigation. In addition to reviewing literature, for qualitative analysis, interviews and observations via (electronic) media content analyses are undertaken. For quantitative analysis, a survey through questionnaire filling, comprising structured questions, is undertaken from globally expanding Pakistani companies in top five export-oriented sectors, which test the hypotheses. The findings of the study indicate the challenges that the companies face which can be categorized as: capacity building to compete, foreign regulations, and institutional support framework, which they strive to cope for moving ahead in the global arena.