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Globalization means that managers must navigate a more interconnected and competitive landscape, where businesses operate across diverse cultural, economic, and regulatory environments. They need to adapt strategies to meet local market demands while leveraging global efficiencies and innovations. Additionally, effective communication and collaboration with international teams become crucial, as does the ability to understand and manage risks associated with global operations. Ultimately, globalization requires managers to be culturally aware and agile in their decision-making.

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1mo ago

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