Question

Describe the capabilities required by international manager’s to perform this new level of challenges and possible methods of management development?

Answer 1

Capabilities which are required by international managers to perform new level of challenges and possible method of Management development are as follows-

A) sensitivity to the cultural diversity of the different countries should be properly ascertained by international managers.

B). Global strategic thinking-an international manager must have his thinking which is highly accommodative of global challenges and preparation of such strategies which are globally applicable

C) Deep knowledge of macroeconomic risk related to various markets which will be including inflation risk along with the interest risk and other l currency fluctuation risk

D) An international manager may also have overseas experience in order to gain from different situations and manage them properly because it will help him to strategize better and formulate such policies which can be suitable to different global environment

E) Self aware and proactive regarding various global changes - The manager should be able to proactively react to various challenges which are emerging in the global Markets and it will help the manager to manage challenges in a better way to maximize the overall profits of the company.

F)An international manager must also be aware about different political risk and social risk which are relevant in various global market so that he can capitalise on those risk and manage them properly in order to maximize the rate of return of the company.