Answer to Question #56554 in Other Management for Tan
(identify and explain any 4)
exp: Political risks ........
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.
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