1. communication
2. pricing
3.availability of international managers
4.exchange rate movements
5.developing organisation structure
6.availability of skilled workers
7.public relations
8.cultural differences
9.inflation
10.distribution channels
11.availability of foreign data
12.political uncertainty
three special challenges facing blobal managers
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Managers can be encouraged to develop global thinking by providing them with training and exposure to diverse cultures, markets, and global business practices. Organizations can facilitate cross-border collaboration and international assignments, allowing managers to experience global challenges firsthand. Additionally, promoting a culture of inclusivity and encouraging diverse team compositions can enhance perspective and innovation. Regularly sharing insights from global trends and best practices can also help managers broaden their understanding of the international landscape.
its mostly global warming the ice caps are melting and summers are getting hotter
Some challenges facing businesses that operate globally include fierce competition. The more nations a business operates in, the more competitors the business gains.
political and cultural differences global competition terrorism technology finding ways to balance their social responsabilities their images and their and their competitive strategies
Managers must understand the forces in the global environment to proactively navigate challenges and seize opportunities that affect their organizations. Global economic, political, and cultural dynamics can significantly impact operations, supply chains, and market strategies. By being aware of these forces, managers can make informed decisions, adapt to changes, and enhance their competitive advantage in an increasingly interconnected world. This understanding also helps in risk management and fostering innovation to meet diverse market demands.
Nokia motivates global managers to cooperate with each other and share their knowledge and expertise?
cultural challenges Language Challenges Time and distance challenges
The main idea is that the American shipping industry is currently facing various challenges that are impacting its operations and competitiveness, such as supply chain disruptions, high operating costs, and global trade uncertainties. The industry is working to address these challenges through innovation and strategic partnerships to remain a key player in the global shipping market.
Managers need to have knowledge on several business which comes on discussion by managers or sub-ordinates very fast compare to individual disussion.
Low perceived value of the audit function Hindsight evaluation of auditors' performance Global competition for human capital