Question

One significant contemporary management challenge is:_________

Answer 1

The internationalization of business is a big managerial problem.

Just what is globalization?

The phrase "globalization" describes the increasing interconnection of the world's economies, cultures, and people.as a result of cross-border trade in products and services, technology, and flows of capital, people, and information. Over many years, nations have developed economic alliances to aid in these movements. However, the phrase became well-known in the early 1990s, following the end of the Cold War, since these cooperative agreements influenced contemporary daily life. This guide uses the phrase more specifically to refer to global commerce and some investment flows among advanced economies, with a primary focus on the United States.

Complex and politically fraught, globalization's wide-ranging repercussions are widespread.

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