international business

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Pre-written Papers:

Title: international business

Essay Details:

Subject: Miscellaneous

Author: Amanda L

Date: March 2, 2013

Level:

Grade: B

Length: 9 / 2436

Essay text:

Management of risks embedded in the global business environment is a critical part of strategic planning and management process. "Failure to correctly identify and assess risks may result in market blunders, policy disasters, and or organizational crisis. It is essential for success to identify, assess and adapt their strategies to the environment'' (Stoffels, 1982). Managing an international business is different from managing a domestic business for at least four reasons: (i) countries are different, (ii) the range of problems confronted by a manager in an international business is wider and the problems themselves more complex than those confronted by a manager in a domestic business, (iii) managers in an international business must find ways to work within the limits imposed by governments' intervention in the international trade and investment system, and (iv) international transactions involve converting money into different currencies...

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