Strategies

Business & Finance
Tutor: None Selected Time limit: 1 Day

What strategies can global managers use to mitigate international financial, cultural, and political  risks?  (Please answer all DS completely)

Apr 25th, 2015

Mitigating International Financial Risks

- Take loans in the same currency as the company's cashflows. eg: If your customer's are going to pay you in Euros, take a loan that is to be repayed in Euros.

- Hedge foreign exchange or interest rate risk by using appropriate instruments such as forwards, futures, swaps etc.

Mitigating International Cultural Risks

- If there are language differences, use multilingual people or have access to translators.

- Respect the local social and business norms. Involve local staff or locals in any end consumer related activities like advertisements.

Mitigating International Political Risks

- Use local partners to establish good relationships with the political players of the country.

- Be a part or rather an active member of industry associations in the country.

Apr 26th, 2015

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Apr 25th, 2015
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Apr 25th, 2015
Mar 25th, 2017
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