International Business Risks: Differences to domestic risk, factors that influence risk
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Please help answer the following questions regarding international business risk.
What are some differences when doing business internationally opposed to domestically?
How do international business risks differ from domestic business risk?
What factors influence these risks?
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Solution Summary
This solution discusses aspects a company should consider when doing business internationally and the risks associated with this. Finally, factors influencing these risks are provided. Approximately 319 words are given in the solution.
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Questions: What are some differences when doing business internationally opposed to domestically? How do international business risks differ from domestic business risk? What factors influence these risks?
Solution:
The business will have to deal with different cultures and societal norms. There will be language issues. There will also be new changes in how the organization is managed due to time and distance concerns. The organizational culture will need to change to accommodate the new diversity of the ...
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