international business
What are the financial considerations when transacting international business? What possible ethical and cultural conflicts need to be considered when transacting international business? How do changing political or legal environments affect global business?
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The major financial considerations when transacting international business are exchange rate related risks that arises due to continuous fluctuations in exchange rate of two currencies involved in the international transaction, considerations related to differences in taxation and accounting related laws, credit risks, differences in banking infrastructure which can cause ...
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What are the financial considerations when transacting international business?
Cross-cultural competence in international business
Read the attached article.
Identify the definition of cross-cultural competence proposed by the authors as it applies to international business. Evaluate their proposed model for understanding how cross-cultural competence is nurtured in individuals, and explain how they link their definition to the concept of cultural intelligence. After evaluating the model, present justifications or rebuttals for its applicability to managing human resources, including identification of its strengths and weaknesses.
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