Explain the strategies that an MNE can use to manage each of the cultural and institutional risks

Question:

Explain the strategies that an MNE can use to manage each of the cultural and institutional risks that you identified in Question 20, except protectionism.
• Differences in allowable ownership structures
• Differences in human resource norms
• Differences in religious heritage
• Nepotism and corruption in the host country
• Protection of intellectual property rights
• Legal liabilities