Abstract:
This review article looks at the fundamentals of business and how international trade connects economies from across the world. It illustrates how businesses make use of the funding, labor, resources, and infrastructure of the countries in which they do business. Students interested in a career in global corporate management in a variety of settings, including for-profit and non-profit organizations, industry, and government, should take this course. The importance of understanding the economic, social, political, cultural, and legal environment of a foreign country, as well as export and import mechanisms, joint ventures, franchises, and subsidiaries, management, international aspects of marketing and accounting, and international financial management, are all covered in this review. Finally, it goes through what management control is and how businesses push their employees to carry out the company's strategies. The course also covers core management control principles in multinational businesses, such as strategic, tactical, and transactional control.
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