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Multinational Manager

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Interview a Multinational Manager. Prepare a 800 word paper in response to the questions below:

➣ What circumstances led to your assuming a position with international responsibilities?
➣ What are the major challenges in the international part of your job?
➣ How would you describe the international strategy of your company?
➣ How important is international work to advance in your company?
➣ How do you deal with and prepare for cultural differences?
➣ Do you ever have to manage directly employees from other countries? And, if so, what are the challenges in doing that?
➣ How are people selected for international assignments?
➣ Do you face any unique ethical situations in your job?

Please, cite references in APA format.

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Solution Preview

This interview is with a marketing manager of a leading automobile manufacturer with manufacturing and sales presence in numerous countries across the world.

➣ What circumstances led to your assuming a position with international responsibilities?

The major circumstance that led to assuming a position with international responsibiities was expansion of my organization in international markets. As an experienced professional, I was asked by my organization to oversee the international expansion of my company in several markets across the world, starting from attractive emerging markets such as India and China. I was entrusted the responsibility of working as an expat to set up the operations in such markets, hire local employees, train them to adapt to the corporate culture of the company and basically, jumpstart the operation in each of these international markets.

As US economy is facing recessionary times, it has become imperative for my organization to explore attractive growth opportunities in new markets across the world to survive and maintain growth and thus, it has become important for employees like to me accept position with international responsibilities.

➣ What are the major challenges in the international part of your job?

One of the major challenges in the international part of my job is operate in cross cultural environment. As each international market or country is unique in terms of culture, customs and business practices and significant ...

Solution Summary

Interview a Multinational Manager.

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Multinational Financial

Multinational Financial Management

1. Stover Corporation, a U.S. based importer, makes a purchase of crystal glassware from a firm in Switzerland for 39,960 Swiss francs, or $24,000, at the spot rate of 1.665 francs per dollar. The terms of the purchase are net 90 days, and the U.S. firm wants to cover this trade payable with a forward market hedge to eliminate its exchange rate risk. Suppose the firm completes a forward hedge at the 90-day forward rate of 1.682 francs. If the spot rate in 90 days is actually 1.638 francs, how much will the U.S. firm have saved or lost in U.S. dollars by hedging its exchange rate exposure?

a. -$396
b. -$243
c. $0
d. $243
e. $638

2. Chen Transport, a U.S. based company, is considering expanding its operations into a foreign country. The required investment at Time = 0 is $10 million. The firm forecasts total cash inflows of $4 million per year for 2 years, $6 million for the next 2 years, and then a possible terminal value of $8 million. In addition, due to political risk factors, Chen believes that there is a 50% chance that the gross terminal value will be only $2 million and a 50% chance that it will be $8 million. However, the government of the host country will block 20% of all cash flows. Thus, cash flows that can be repatriated are 80% of those projected. Chen's cost of capital is 15%, but it adds one percentage point to all foreign projects to account for exchange rate risk. Under these conditions, what is the project's NPV?
a. $1.01 million
b. $2.77 million
c. $3.09 million
d. $5.96 million
e. $7.39 million

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