Management Increased Chances of Success Discussion Responses
ANSWER
Your method for controlling the political and financial risks associated with investing in a different culture appears well-considered. The country can be visited and thoroughly researched to understand local culture and dangers. As long as it is balanced with sound investigation and analysis, being practical and depending on your intuition can be advantageous. It is critical to realize that cultural quirks and political-economic factors can significantly impact whether an investment succeeds or fails. So, in this instance, I support your strategy.
Your assessment of how globalization affects the industrial sector is accurate. Manufacturing industries have access to a wider variety of resources, technologies, and production techniques due to globalization. This might make them more successful and increase their level of competition. Additionally, when the manufacturing sector expands, it helps the entire global economy and its individual member nations. As a result, I concur with your analysis in this instance.
QUESTION
Description
1.I do think that political and economic risk can be managed when investing in another culture, it takes some research on the investors end. I would go and actually visit the country that I am wanting to invest in before I make a decision. It is important to understand the culture that is at hand to see what risks are involved. I like to be hands on when making decisions and I go by whether or not it feels right. agree or disagree?
2. INT.E-
For manufacturing industries, globalization can be a huge factor that contributes to success. With globalization, a manufacturing industry can have access to different resources and methods of production. This access can allow a specific industry to be more successful. This success of manufacturing industries can lead to economic growth for the involved countries. Agree or disagree?
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