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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1754 |
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(Welch & Welch, 2008). Effective managers need to have ambition, interest, a global mid-set, and be willing to work abroad for several years.
In a global environment risk-taking and growth are essential to survival. Marshall (2007) emphasizes that top management support and implement thorough and prudent risk management practices when making the decision to extend the organization’s reach to overseas markets...
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Marshall (2007) emphasizes that top management support and implement thorough and prudent risk management practices when making the decision to extend the organization’s reach to overseas markets. Some key factors to managing risk in emerging markets include: understand the individual markets, use local expertise, establish strong local relationships, understand local laws, understand the culture, be cautious and vigilant, maintain open two-way communication, be flexible in response to changing conditions, and think long-term...
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