Basic Questions
In foreign countries, there are the possibility of:
- local languages required in many situations.
- very diverse cultures, both between countries and sometimes even within countries.
- often volatile politics.
- varied economic systems.
- scarcity of skilled labor, with possible costs in training labor or redesigning procedures.
- poorly-developed financial markets and government-controlled capital flows, in some of the countries.
- problems and exorbitant costs in obtaining market research data.
- limited advertising, subjected to lots of restrictions.
- possible low literacy rates, not to mention the possibility of making mistakes in the language when advertising.
- currency exchange fluctuations.
- inadequate or limited communication/
- mandatory worker participation in management in some countries.
- legal restrictions on laying off of workers.
Read more about this topic: International Strategic Management
Famous quotes related to basic questions:
“Scientific reason, with its strict conscience, its lack of prejudice, and its determination to question every result again the moment it might lead to the least intellectual advantage, does in an area of secondary interest what we ought to be doing with the basic questions of life.”
—Robert Musil (1880–1942)