Explain some of the reasons why certain companies’ expansion plans have failed in the past.

Wk 4 – apply: signature assignment: globalization and information | DAT/565 | University of Phoenix

The failure of a company’s expansion plans can be attributed to many different factors. A lack of research and planning before investing or taking on new projects can be a factor. Without researching potential markets, gaining insight into consumer preferences, or understanding the competitive landscape – companies may not have an adequate strategy in place which could lead to disastrous outcomes later down the line.

In addition, there are also external factors such as changes in legislation, global economic conditions, or industry disruptions which can all contribute to a company’s failed expansion plans. Businesses can find it hard to stay profitable in the face of unexpected events.