In 175 words or more, explain how to manage cultural risks and
other factors related to...
50.1K
Verified Solution
Link Copied!
Question
Finance
In 175 words or more, explain how to manage cultural risks andother factors related to a foreign operation of a multinationalbusiness. Is cultural, business, or political risk more challengingto overcome than one of the others? Why or why not? How shouldAmerican standards influence multinational businesses? Thanks inadvance
Answer & Explanation
Solved by verified expert
3.8 Ratings (677 Votes)
A detailed risk assessment is required for managing the different types of risks involved in foreign operations off a multinational business Firstly identification of the different risks should be done carefully and after much research The market potential should be carefully assessed and currency exchange
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!