Answer to Question #56554 in Management for Tan

Question

What are the challenges faced in business in overseas
(identify and explain any 4)
exp: Political risks ........

Answer 1

Assignment expert #56554

The main challenges that are faced by companies in overseas market are as follows:
1. Cultural barriers: different countries have different cultures and thus the new company need to understand the host country’s culture.
2. Communication issues: Different language in different countries might lead to communication issues and may hamper smooth operations of the company.
3. Political issue: The guest company would have to get accustomed to the political scenario of the host company.
4. Legal Issue: The guest company would have to know fully about the business laws of the host country which might be a bit different.