Differences Between Domestic and International Strategic Planning .
International business is a business that is primarily based in a single country but acquires some meani…ngful share of its resources or revenues (or both) from other countries..
As compared to this a domestic business is one which acquires all of its resources and sells all of its products or services within a single country..
Thus the essential difference between the two is localized resource procurement and selling of products in the case of a domestic business and acquiring resources or selling or both, from and in international markets in the case of international business. (MORE)
There are many differences between domestic and Internationalmarketing plans. The main difference is the boundaries wherebydomestic marketing targets people within particular …boundaries butinternational marketing plans target the whole world. (MORE)
The strategic management process in domestic operations focuses onbusinesses within the home country of the company. Since theinternational strategy has to consider different …cultures, thestrategy results in executing different objectives. (MORE)
a. The term management is defined as the process of completing activities efficiently a with and through other individuals. This process consists of the functions or activit…ies usually labeled planning, organizing, staffing, coordinating (leading and motivating), and controlling. The management process is affected by the organization's home country environment, which includes the shareholders, creditors, customers, employees, government, and community, as well as, economic, technological, demographic, and geographic factors.(pg.1) b. Managers of enterprises, who attain their goals and objectives across unique multicultural, multinational boundaries, which produce international corporations, multinational corporations (MNCs), or global corporations, apply international management . The process of international management is affected by the environment where the organization is based, as well as by the unique culture, including views on ethics and social responsibility, existing in the country where it conducts its business activities.(pg.1) Carl Rodrigues, International Management : A Cultural Approach , 3rd ed. (Los Angeles: Sage Publications, 2009). posted by Dr. Dale Allen (MORE)
"Risk management" might be considered to be the umbrella topic. Managing risk can be accomplished by risk avoidance, taking measures to reduce or ameliorate risk, or risk tran…sfer. Insurance is the fundamental form of risk transfer because the financial impact of an untoward event (the risk) is transferred to a third party (the insurer) in return for the payment of a premium. (MORE)
Global managers have to be far more inquisitive and outgoing in order to grasp the wealth of information to better manage an international firm. .
Global managers are comfort…able with change and uncertainty. .
Ability to connect well with people from diverse culture plays a key role in success of a global manager. .
Have a global mind-set. They think global but act local. Hope this helps. (MORE)
A Risk is an uncertain event or condition that if it occurs, has a positive or negative effect on a Project's Objectives..
Risk Management literally refers to the management …of the Projects Risk. However, the official definition is: .
Risk Management is the act of increasing the probability & impact of positive events and decreasing the probability & impact of adverse events within a project.. (MORE)