There are varieties of reasons why companies decide to engage in international trade transactions or invest in foreign economies. In this assignment, you will draft a report on the advantages and disadvantages of engaging in international operations. In your report, discuss the following:
- How do firms confront different social, cultural, demographic, environmental, political, governmental, legal, and competitive forces when doing business internationally?
- How do language, culture, and value systems differ among countries,and what barriers to communication and problems in managing people do they create?
- Why is gaining an understanding of regional organizations often necessary in doing business internationally?
- How can dealing with two or more monetary systems complicate international business operations?
- How do foreign operations allow firms to establish low-cost production facilities in locations close to raw materials, cheap labor, or both?
Submission Details:
- Support all your responses using examples and scholarly research.
- Submit your paper as a 4- to 5-page Microsoft Word document, using APA style.
- Due by 1/21/25 at 8:30am CST
Requirements:
1. Make certain to include in text citations from your course text in addition to your outside leadership resources within your main post. This adds credibility to your argument. [Textbook]: Lane, H. W., & Maznevski, M. (2014). International Management Behavior: Global and Sustainable Leadership (7th ed.). Hoboken, NY: Wiley. 978-1118527375
2. No plagiarism will be tolerated. Must be in 7th Edition APA format with cited sources within the last 5 years.
3. No AI support, score must be 0% and less than < 10% score on Turnitin
