You want to launch a business internationally, and you need to choose 3 countries-1 in the Middle East, 1 in Asia, and 1 in Latin America.
- What are some of the components of these cultures that you need to understand from a business standpoint?
- How are they different in each country?
- Can you have a U.S. management style in these countries? Explain
- How are their economic systems classified? Explain why they are classified as such.
- After studying these countries, explain whether you should or should not move forward with your business plan.
Should include some areas:
- Discuss current management practices and principles used in the current global business environment.
- Summarize the opportunities and risks of doing business in foreign countries.
- Explain how differences between foreign and domestic environments impact the conduct of business.
- Describe how global managers are able to influence management decisions despite cultural and language differences.
- Compare alternative organizational structures for international operations.
- Discuss strategies organizations can pursue for international market expansion