Businesses either small or large are rapidly being globalized because of various reasons, extending your business internationally has now become very much desirable and feasible in today’s rapidly changing business environment. To make such thing happen successful technology has played a major part in it. Businesses at present need more than just well made products and well designed services to succeed in the global market. In order to compete and succeed internationally there are number of factors to consider and look in to, most important decisions to make are market selection and complete understanding of the economic, cultural and political environment of these markets. Business managers, executives and leaders running the organizations needs to be well aware of the challenges they might face if they are willing to internationalize, for this purpose top level managers needs to have complete skills of managing functional areas such as marketing and finance, promotions, interdependence of international markets, norms that are part of other cultures and other risks associated to it.