Chapter6: International Management
Section: Chapter Questions
Problem 1CRQ: Why is international management a critical area that all management students should be aware of?
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Question
What are international business issues? What are the negative consequences of globalization?
Expert Solution
Step 1
International business refers to doing business across borders of the national territory.
Enterting into another country is not easy , International business faces many issues like :
- Linguistic Barriers : Languages spoken keep changing with differrent countries , this becomes a challenge for international business.
- Managing global employees : This is another issue faces by international business as it is fairly difficult to maintain a good and strong relationship with people who are employees.
- Cultural differences : As linguistic barriers their are cultural differences too as we move across different countries.
- Currency exchange rate : The rate of different currency across different countries keeps changing.
- Taxation Policy : Along with other rates the taxation rate is also different for different countries.
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