There have been major terrorist attacks in three of the countries where your mobile phone company’s workforce is located. This has caused major negative currency fluctuations which could have a devastating impact on all of your business operations.

• Which specific business functions will most likely be affected in the short term?
• What measures can you implement to prevent such an internal cash flow crisis in the future?
• How have other global companies handled currency fluctuations?
• How can you use management by objective and/or management by exception to help prevent and react to negative currency fluctuations?
• How can brainstorming help in these types of situations, and who would you include in your brainstorming sessions?

Answer rating: 100% (QA)

Answer Ans 1 Negative currency fluctuations will have a major impact on the export of mobile phones ... View the full answer