STRATEGIC MANAGEMENT QUESTION: What are the risks in an International Environment?
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- RE: Comparative International Management Describe the different opportunities to operate in foreign markets, Which opportunity is the least risky? Which one is the riskiest?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?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? How would a company navigate these risks?
- What is Trans-Pacific Partnership?evaluate the risks involved in operating in an international environment.Your Chief Executive has indicated in a management retreat that Country Risk relating to international business derives from the Political Systems and Legal Systems of respective countries. As the international business development manager, your team has approached you to: 1. Explain what the Political and Legal System represent. 2. Describe any 3 inherent risk. 3.Describe three (3) strategies to mitigate such risks.
- What are the three basic benefits firms can gain by successfully implementing an international strategy? Why?What are the different structures of international business, such as joint ventures, subsidiaries, and strategic alliances, and what are the advantages and disadvantages of each structure in terms of operational efficiency, risk management, and global market penetration? How can management effectively navigate these structures to achieve long-term success in the international marketplace?Question 2: What are the Role and Significance of International organizations? How they shape our world?
- What are some key points to consider as part of an international business plans?What factors do you take into consideration when making international decisions?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.