Wk7_FINC300_Tortorelli.doc

Wk7_FINC300_Tortorelli.doc - Running head WEEK 8 1 Week 8...

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Running head: WEEK 8 1 Week 8 Joy D. Tortorelli FINC300 American Public University
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WEEK 8 2 Week 8 Introduction There has been a huge amount of growth in both communication and technology and this had made it easier than ever for companies to do business globally. Global business is not just about establishing an office in a foreign country. The Internet allows companies to do business in places where it would have been impossible previously. Because of this, companies must consider the political and business risks and rewards of globalization and the role that these can play in the success or failure of a business. (Ross, Westerfield & Jordan, 2013). They must also consider the impact that monetary exchange rates have on the new global business climate if they want to make the most of these new global opportunities. Political Risks & Rewards Politics plays a huge role in the business economy of any country. Businesses that do not educate themselves and respect the politics of foreign countries can doom their companies to failure. Political risks for companies doing business globally include the risk of foreign policy hindering business growth, political instability making operations difficult and differences in political views preventing maximization of profits. A company that takes the time to fully
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