Describe and discuss why "Political Risk" is an important concept to understand as a way of explaining how international business is done.
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Q: 1) What are some of the global issues that affect international businesses?
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Q: ethical landscape of international business is cloudy, and the diverse nature of cultural,…
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Q: Socio-cultural risk is a thing of the past in international business, critically evaluate this…
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Q: Why the UK and Russia scenario is a critical political issue for international business?
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- Socio-cultural risk is a thing of the past in international business, critically evaluate this statement citing examples1) What are some of the global issues that affect international businesses? 2) What is the FCPA-Foreign Corrupt Practices Act? What did Walmart do to violate this act?There are numerous management techniques or structures that management can implement to reduce or manage against international political risk, other than buying an insurance policy. Required: Choose TWO (2) specific management reduction techniques for political risk. O Joint Venture O Grand Tours Approach O Code of Conduct Beri Index
- Corporate Governance in Africa is at very initial stage and will face many challenges in future. In your view, what challenges can be facedThe ethical landscape of international business is cloudy, and the diverse nature of cultural, political, and legal systems around the world often makes the line between ethical and unethical business practices difficult to negotiate. In this section you will learn about some of the ethical challenges and issues that businesses face in global markets.Examine the following factors that affects international business within Barbados Economic systems and risk Political systems and Risk/Country risk Legal systems and risk/Technological risk Explain what is meant by each factor above and the type of risk that exists
- Discuss the following ethical issues in the context of international business: (a) Environmental pollution. (b) Corruption.Need a long and detailed self-explanatory solution for the following questions. What policies should a global firm implement to prevent corrupt practices?List SIX (6) Preventable and Unpreventable risk that an organization operating in Ghana is likely to face
- (a) Discuss two types of political risks which can impact firms and provide two ways companies can try to manage the identified risks. (b) Discuss two types of laws affecting global business and ensure that you share your own perspectives on the identified laws.To make sure ethical issues are considered in international business decisions, what should the managers do?The fundamental challenge of managing the global enterprise is assessing, interpreting, and reconciling the competing imperatives to do everything the same way everywhere versus doing everything differently given different demands in different locations. This contest is the sine qua non of management—whether expressed here in terms integation versus responsiveness, or as you likely seen elsewhere, efficiency versus effectiveness, standardization versus customization, maximization versus optimization, mechanistic versus organic, universal versus local, and so on. No matter the product provided or markets served, managers must continually find ways to navigate this dilemma. In Module 1, you interpreted this this issue in terms of the normative versus relativist ethical outlooks. Now, in Module 2, we look at this issue in terms of global integration versus responsiveness. Indeed, interpreting the tension between global integration and local responsiveness anchors and interpretation of…