Discuss the attractions of international business. Discuss the risks inherent in international business. Propose mitigation strategies for each of the risks identified. Advise the focal firm on three key success factors in international business. You are to properly structure your report and indicate any limitations in your advice.
Risk Management has become an integral part of International Business Management and receives greater premium in business management, the world over.
You have been engaged as a consultant by a Focal Firm intending to go international to advice on the Attractions, the Inherent Risks, Risk Mitigation Strategies, and the criteria for success in international business.
Your Terms of Reference include, among others:
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Discuss the attractions of international business.
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Discuss the risks inherent in international business.
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Propose mitigation strategies for each of the risks identified.
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Advise the focal firm on three key success factors in international business.
You are to properly structure your report and indicate any limitations in your advice.
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