Globalization is not without risks. When companies undertake international business, they are routinely exposed to four major types of risk. Briefly describe these four categories of risks of international business. A complete answer will include the use of examples for each category of risk.
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Globalization is not without risks. When companies undertake international business, they are routinely exposed to four major types of risk. Briefly describe these four categories of risks of international business. A complete answer will include the use of examples for each category of risk.
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- What are the various means available to companies to go international? When is an exporting strategy most appropriate?Risk Management has become an integral part of International Business Management and receives greater premium in business management, the world over.You have been engaged as a consultant by a Focal Firm intending to go international to advice on the Attractions, the Inherent Risks, Risk Mitigation Strategies, and the criteria for success in international business. Your Terms of Reference include, among others: Discuss the attractions of international business. Discuss the risks inherent in international business. Propose mitigation strategies for each of the risks identified. Advise the focal firm on three key success factors in international business. You are to properly structure your report and indicate any limitations in your advice.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 -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?
- Risk Management has become an integral part of International Business Management and receives greater premium in business management, the world over. You have been engaged as a consultant by a Focal Firm intending to go international to advice on the Attractions, the Inherent Risks, Risk Mitigation Strategies, and the criteria for success in international business.Your Terms of Reference include, among others:1. to explain the attractions of international business2. to explain the risks inherent in international business3. to propose mitigation strategies for each of the risks identified4. advice the focal firm on three key success factors in international business You are to properly structure your report and indicate any limitations in your advice.Discuss the effects of various forms of technology on internationalbusiness. What role does the Internet play? Where is all this leading? Explain the meaning of the “appropriability of technology.”What role does this play in international competitiveness? Howcan managers protect the proprietary technology of their firms?You are a consultant to a small size Company engaged in Medical Products. The company is interested to expand its business to the Middle East - Dubai. Prepare a business report focusing on the business potential. Also, give advice on the entry mode and external risks if the decision is made to do business in the Middle East.
- How might globalization be a problem for a successful national company that is intent on going international? What advantages would the national company have by going international?What types of political risk would a company entering Cuba or Greece face? Why is this an important feature for an international manager to know?Please answer thoroughly with accurate information 1.Provide at least two (2) examples/case studies of international modes of entry utilized by multinational corporations in Thailand, Malaysia and South Korea that have succeeded or failed. The name of the multinational must be clearly stated in each example. Be sure to state the mode of entry utilized in each example in each country. Why do you think they would have succeeded or failed in each example included?
- How might globalization be a problem for a successful national company that is intent on going international? What advantages would the national company have by going international? Provide an example.From the following, please identify the 2 statements that are true as well as the 2 statements that are false. A) By operating internationally, a company may take advantage of business-cycle differences among countries and thereby reduce its financial risks. B) Many companies merge with or acquire other companies to gain operating efficiencies that help them compete with or become global leaders. C) Export restrictions are becoming more important because consumers increasingly want to buy goods and services produced in other countries. D) Geographical barriers typically do not affect distribution channels within countries; they only affect distribution channels between countries.List the benefits of Globalization?