What are some of the issues a manager of an international business must confront that a manager of a domestic business never confronts?

What will be an ideal response?

Answer: An obvious obstacle that a manager of an international faces is time zone differences and working around those. Different countries have different systems (political, legal, and economic), different cultures, and different economic development levels. Locations must be determined by the international business manager, in order to minimize costs and maximize values. Ethical issues must be considered, such as work environments and environmental standards. Another consideration is, does the manager want the company to be alone in a foreign country? Or does it want to create connections? Government interventions and currency exchanges are other issues that need to be considered by international business managers. In conclusion, the four different considerations are that countries are different; international businesses are comprised of more complex issues; governments can impose limits on trade and investments; and international businesses mean effectively converting currencies.

Business

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