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International Business Management Control - Essay Example
Author : harvey62
Finance & Accounting
Pages 8 (2008 words)
The aim of this project was to focus on the areas of the risk assessment and its management in the international business environment. There are various issues related to the international environment which can affect the businesses operating there…
Globalisation has been the common term heard everywhere from the year 1990 and in today’s world there is no chance of the globalisation to get diminished. Globalisation means growth in the trade and business along with the expansion in the international market. In order to build a successful business in the global market, it is very important to set the business policies and strategies in such a way that it can accommodate the international business finance environment. The technological developments have made the international communication easier. This is helping the individuals to know the events that are happening outside their home land. This increased awareness of the individuals is leading to the increase in the international trade and also the number of business that are running outside the domestic land. This shows that the economies all around the world are closely linked. In order to sustain in the global market, it is very important for the business managers to remain conscious that the operation market, the suppliers, the business partners, the investors and the competitors will not be restricted to the domestic country only. They can belong to the international market as well. A successful business will anticipate the future downfalls and will always make proper utilisation of the opportunities to achieve competitive advantage in the market. The managers should understand the similarities and the differences existing across the national boundaries in order to grab the opportunities and cope up with the potential downfalls. In order to develop appropriate strategies for operating in the global market, the managers need to consider the advantages as well as the disadvantages of the globalisation. ...