What are the challenges to management in globalized era?

Answer 1

In a globalized era, management faces several challenges, including navigating cultural differences that affect communication and teamwork. Additionally, fluctuating economic conditions and varying regulatory environments across countries can complicate decision-making and strategic planning. Managers must also address the complexities of supply chain management and ensure compliance with diverse legal standards while maintaining competitiveness. Finally, harnessing technology effectively to manage a geographically dispersed workforce presents additional hurdles.