Question: Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in

Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in seeking better financial incentives, stronger networks, and markets of opportunities. But at the same time, the complexities in terms or risks involved in international operation are more than domestic firms.Respond to the following:

Discuss how to manage cultural risks and other factors related to a foreign operation of a multinational business. Is cultural, business, or political risk more challenging to overcome than one of the others? Why or why not? How should American standards influence multinational businesses?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Can you please help me answer the questions in this photo? I am so desperate and I have no idea what to say. 1) Discuss how to manage cultural risks and other factors related to a foreign operation...

Due Day 3 Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go...

Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in...

Increased global interaction has been promoted by advanced technology in communication, ideas, and culture, which largely encourages and facilitates international trading. Businesses go abroad to...

Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in...

How did China's economy perform during the first decade of the 2000s? How did joining the WTO contribute to China's economic performance? What economic issues led Wen Jiabao to revise China's...

Crime Law Soc Change (2012) 58:93-109 DOI 10.1007/s10611-012-9379-9 Filling the gap of formal institutions: the effects of Guanxi network on corruption in reform-era China Jing Vivian Zhan Published...

Academy ol Management Executive. 2005, Vol. 19, No. 4 Reprinted Irom 1999, Vol, 13. No. 1 Achieving and maintaining strategic competitiveness in the * century: The role of strategic leadership R....

For the function, use composition of function to determine whether f and g are inverse. f(x) = -x + 2, g(x) = -x + 6

Suppose that T: U V is a surjective linear transformation and dim (U) = dim (V). Prove that T is injective.

Examining cancelled certificates of shares addresses the assertion of: Multiple Choice disclosures. valuation. occurrence. completeness.

In 2011, Western Transport Company entered into the treasury stock transactions described below. In 2009, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share....

ProBuilder reports merchandise sales of $50,000 and cost of merchandise sales of $20,000 in its first year of operations ending June 30, 2016. It makes fiscal-year-end adjusting entries for estimated...

Universal Leasing leases electronic equipment to a variety of businesses. The company's primary service is providing alternate financing by acquiring equipment and leasing it to customers under...

ProBuilder has the following June 30, 2016, fiscal-year-end unadjusted balances: Allowance for Sales Discounts, $0; and Accounts Receivable, $10,000. Of the $10,000 of receivables, $2,000 are within...

Universal Leasing leases electronic equipment to a variety of businesses. The companys primary service is providing alternate financing by acquiring equipment and leasing it to customers under...

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Describe your ideal health-care system of the future. Compare it with the description in this chapter. What is different? What is similar?

Write an elevator speech (30 seconds to 2 minutes in length) that describes the value of the care nurses provide. (An elevator speech or elevator pitch is speech that describes the value of something...

The book basis of depreciable assets for Getty Co. is $900,000, and the tax basis is $700,000 at the end of 2007. The enacted tax rate is 34% for all periods. Determine the amount of deferred taxes...