Answer:
Globalize
Explanation:
Globalization in simple terms refers to integration of domestic economy with the world economy. It lays emphasis upon removing trade barriers and making the world one big market.
The concept of Globalization gave rise to the emergence of multi national corporations operating multiple businesses in different countries.
As companies go global, the intensity of competition increases as it's no longer restricted within domestic boundaries. Such international competition induces companies to come up with new innovations and methods so as to survive globally. This enhances the efficiency.
Thus, this serves as one of the motives for the companies to Globalize.
