Explore the concept of international management and the challenges faced by multinational corporations in managing global operations.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Explore the concept of international management and the challenges faced by multinational corporations in managing global operations.

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Step 1: Define background related to business and organizations

Organizations function in an environment that is ever changing. Organizations can choose to operate domestically or internationally. Domestic businesses have limited scope where the business is conducted within the geographical boundaries. In order to expand the business, companies often choose to operate internationally. In international market, there are various challenges that need to be overcome. Dealing with the challenges, overcoming them helps in enhancing the competitive position. It is important for businesses to stay updated with the recent trends and rising concerns in the international market. 

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