Question

Exercise: In your review, assessment, and your own words; provide a definition and meaning of the study of "International Management" (Consider who, what, when and where our study of International Management may apply.)

To begin this short exercise, I offer the following definition:

International Management: The management of business operations for an organization that conducts business in more than one country. International management requires knowledge and skills above and beyond normal business expertise, such as familiarity with the business regulations of the nations in which the organization operates, understanding of local customs and laws, and the capability to conduct transactions that may involve multiple currencies.

Required Length: Each post should target a minimum word count of at least 150 words.

Answer 1

International management is a subject that deals with the international economics and help manager develop a global mindset that is required to conduct business in different locations around the globe. The international management will equip a manager with the required knowledge in marketing, sales, finance, accounting, supply chain, negotiation, business strategy, business expansion, and also learn how to get adapted to different cultures quickly. The world is getting connected and a number of companies are going global with their business. It is very much necessary for them to learn about the Go-to-market strategy and how they can make use of their unique selling propositions in new markets to sell better. There are also different barriers for a company to enter a foreign market and some of the barriers are the language, culture, market demand, government policies, technology, and external environment. International management will include all these topics and provide the required knowledge to be successful in business expansion.