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

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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?

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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
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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?

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