Discuss how to manage cultural risks and other factors related to a foreign operation of a...

90.2K

Verified Solution

Question

Finance

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

Answer & Explanation Solved by verified expert

3.9 Ratings (645 Votes)

As businesses are going global and spreading there limits through multi national divisionsinternet and social media they are adding one more risk into there bucket which is Cultural riskCultural risk is the difference between culture of two countriestheir employees and their customers To run the business successfully it is necessary to overcome all the risks on time and cultural risk is one of the risks which is difficult to overcome in a short span of time as culture builds as soon as a child bornCultural risk factors can not be eliminated fully but can be managed by adapting the below point 1CommunicationCommunication between the global See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

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

Discuss how to manage cultural risks and other factors related to a foreign operation of a...

90.2K

Verified Solution

Question

Finance

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

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Transcribed Image Text

Other questions asked by students