Describe three challenges faced by professional service firms when they internationalize
What will be an ideal response?
Professional service firms encounter three unique challenges in going international:
? First, professional qualifications that allow firms to practice law, dentistry, medicine, or accounting in the home country are rarely recognized by other countries. For example, if an individual is a licensed accountant in the U.S. and he would like to practice accounting in Argentina, he must earn local certification in that country.
? Second, professionals who work abroad for long periods generally must obtain employment visas in the countries where they are employed.
? Third, professional services often require intensive interaction with the local public, which necessitates language and cultural skills.
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A) closing entries B) opening entries C) adjusting entries D) temporary accounts
________ refers to the mapping and measuring of relationships and information flows among people, groups, organizations, computers, and other information- or knowledge-processing entities
Fill in the blank(s) with correct word