In recent years, the European Commission has revealed that Spain Its internationalization has increased by 3.6%. Consequently, it has been the country with the greatest increase, followed by the United Kingdom and France, according to KPMG. In relation to the export of goods, these add up to 35% of the total services offered. In addition, Spanish companies have regular customers foreign. Specifically, half of the Spanish companies sell from 1 to 5 countries on a regular basis.
On the other hand, the Spanish market stands out for influencing abroad, thanks to numerous subsidiaries. Specifically, it has a total of 7,000 subsidiaries in international territory, a figure that has grown by 65% since 2009. Likewise, Spanish companies have a long history in the international arena, because three out of four companies surveyed in the Expansion report of the Spanish company KPMG argue that They have more than 10 years of international experience. Even 45% of those analyzed identify with being internationalized from the start.
In addition, Spain is a benchmark country in the organization of international congresses. «Compared to the rest of the countries, it has the second position in the classification of the International Association of Congresses and Conventions (ICCA), thanks to the number of congresses held. Compared to the previous ranking, Spain has risen two positions, since it had the fourth position. It is only after the United States, since the Spanish territory in 2021 added a total of 369 organized conventions. Internationalization is a key aspect of current companies, without this characteristic a company cannot achieve its totality”, explains Diana Filipescu, program manager of the MSc International Business at the business school TBS Education – Barcelona.
Benefits of the international market from the Spanish perspective
The key factors for the success of companies that internationalize are numerous. First of all, it is located the quality of the service or product, since offering an impeccable service causes more demand. So this is an element to work on to improve the business situation. Competitiveness via price is the second aspect, followed by brand recognition.
By the time it is a recognized brand, the client will take it into account for future operations. Strategic alliances, human resources and R&DI also have an influence. “Increasingly, companies work more on the factors to internationalize their company, because they improve the position of the company compared to the rest”, says Diana Filipescu, program manager of the MSc International Business.
Internationalization brings numerous advantages in the business world. Therefore, TBS Education – Barcelona has decided to present the main ones below.
- Investment. The level of investment proliferates when a company internationalizes. Currently, ICEX points out that 93% of foreign companies have increased or maintained their investments in Spain throughout this year.
- Employment in Spain. By carrying out business processes from Spain with international influence, jobs are increased in this territory. Specifically, the activity rate in this country is 58.86%, as analyzed by the INE.
- Productivity. An international company accentuates productivity, since the target audience is larger. In this case, the I Adecco Outsourcing Barometer on productivity and efficiency shows that 58.78% of Spanish companies apply and monitor policies focused on improving productivity.
- Innovation. The fact of internationalizing requires updates and the most innovative tools to optimize the activity. In reality, the INE indicates that Spanish companies allocate a total of 17 million euros to innovation.
The benefits come as soon as the professional has knowledge of both the national and international markets. In this way, the worker has the necessary tools to face any problem that gets in the way of his objectives. Even, experience is a key factor, because having experienced similar situations generates the best solution, as with the MSc International Business program. Likewise, the fact of having completed a stay in an international company provides details that, simply with theory, are not taken into account.
