In general, which factors make effective mangement most critical in the international environment?

Question

Quizplus · Accepted Answer

The speed of change and complexity of business in the international environment make effective management critical. With different cultures, regulations, languages, and economic systems, the international environment is more complex than the domestic environment. Effective management is required to adapt to this complexity and move quickly to respond to changes. The other factors listed (currency fluctuations, trade agreements, international conflicts, political risk, product diversity, and the increase in capitalism) are also important in the international environment, but they do not make effective management more critical than the speed of change and complexity of business.

In General, Which Factors Make Effective Mangement Most Critical in the International