Firms are more concerned about missing out on investment opportunities than proactively gaining market share, according to a new report.
A survey of 2,500 global executives compiled by Grant Thornton's International Business Report shows that businesses are 20 percent more likely to expand overseas if they a have a "fear of missing out" - or what's colloquially known as FOMO.
Meanwhile, more than a quarter of all respondents said their desire to keep up with the competition was a main driver behind international expansion plans.