GLOBALIZATION is characterized by networks of international linkages that bind countries, institutions, and people, in an interdependent economy (Deresky, 2017). INTERNATIONAL MANAGEMENT is the process of developing strategies, designing and operating systems, and working with people around the world to ensure sustained competitive advantage (Deresky, 2017).
The global Political, Economic, Legal, and Technological, environment impacts leadership and management’s perspectives and decision-making. Risks must be carefully evaluated prior to decision-making for entry into markets or creation/revision of organizational strategies.
Instructions: Please post your response, which should include minimum of six (6) informed and well written sentences (PER QUESTION). Please include statistics, if applicable. Then, respond to the posts of two (2) classmates. Please cite your scholarly source(s) within the paragraph(s). The textbook and lecture notes provide foundation and are obviously a creditable source. However, consider the textbook as foundation but, do not limit your responses to just the textbook. Consider (but do not be limited to) the following sources — the Financial Times, The Economist, Wall Street Journal, East Asia Economic Forum, Global Times, BBC News, Indian Economy. (HINT – Professor appreciates a basic definition of terms – one sentence defining each environment)
Please discuss and substantiate the following:
1. What are the risks involved in the global political, economic, legal, and technological environments? There are several risks, list 3 risks for each of the 4 environments. In your discussion, provide EXAMPLES attached to the chosen risks.
2. Specifically, what can managers do to manage the risks you have chosen?
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