1. Language barriers (semantic barriers
Some articles may need to be translated and this could hamper communication.
2. Cultural attitudes towards such factors as time and productivity in some parts of the world may be different. For example the Swiss are known to be good time keepers.
3. Lack of the technical skills required to run the machinery.
4. Scarcity or differences in the standards of raw materials parts of equipment and other facilities. It may be difficult for the MNC to obtain raw materials locally.
5. Hostile or unstable political climate:- Frequent changes of government authority and policies can cause unpredictable environment to MNCs in some cases the government may be unable to protect its own nationals.
6. Fluctuations in the international economy:- Inflation and currency devaluation have major effects on the cost and profit of MNC
7. Unfamiliar legal system:- Laws concerned with banking, taxes differ from country to country.
8. Differences in the accounting systems and this introduces a problem with reporting and com-paring operations in different countries.
9. Custom duties (tariffs and health and safety practices imposed by different government make international corporations more difficult.
Titany answered the question on October 26, 2021 at 12:04
- Applications of Management principles in Multinational Corporations Planning(Solved)
Applications of Management principles in Multinational Corporations Planning
Date posted: October 26, 2021. Answers (1)
- Forms of International business Multinational Corporations (MNC)(Solved)
Forms of International business Multinational Corporations (MNC)
Date posted: October 26, 2021. Answers (1)
- Patterns of Response to Social Demands used by organizations(Solved)
Patterns of Response to Social Demands used by organizations
Date posted: October 26, 2021. Answers (1)
- Areas of Social Responsibility(Solved)
Areas of Social Responsibility
Date posted: October 26, 2021. Answers (1)
- Arguments for social responsibility(Solved)
Arguments for social responsibility
Date posted: October 26, 2021. Answers (1)
- Below is a list of twelve questions for examining the ethics of a business decision(Solved)
Below is a list of twelve questions for examining the ethics of a business decision
Date posted: October 26, 2021. Answers (1)
- Levels of Organizational Ethics(Solved)
Levels of Organizational Ethics
Date posted: October 26, 2021. Answers (1)
- What is insider trading?(Solved)
What is insider trading?
Date posted: October 26, 2021. Answers (1)
- Types of conflicts of interests(Solved)
Types of conflicts of interests
Date posted: October 26, 2021. Answers (1)
- Define Conflict of interest(Solved)
Define Conflict of interest
Date posted: October 26, 2021. Answers (1)
- Types of corporate social responsibility(Solved)
Types of corporate social responsibility
Date posted: October 26, 2021. Answers (1)
- Five-step process to ethical decision making(Solved)
Five-step process to ethical decision making
Date posted: October 26, 2021. Answers (1)
- Importance of Workplace Ethics(Solved)
Importance of Workplace Ethics
Date posted: October 26, 2021. Answers (1)
- Basic Workplace Ethics for an Organization(Solved)
Basic Workplace Ethics for an Organization
Date posted: October 26, 2021. Answers (1)
- Sources of Business Ethics(Solved)
Sources of Business Ethics
Date posted: October 26, 2021. Answers (1)
- Importance of Ethics in an organisation(Solved)
Importance of Ethics in organisation
Date posted: October 26, 2021. Answers (1)
- Discuss the types of responses to risk(Solved)
Discuss the types of responses to risk
Date posted: October 26, 2021. Answers (1)
- Role of the Board in ERM(Solved)
Role of the Board in ERM
Date posted: October 26, 2021. Answers (1)
- Common challenges in ERM implementation(Solved)
Common challenges in ERM implementation
Date posted: October 26, 2021. Answers (1)
- Typical risk functions in ERM(Solved)
Typical risk functions in ERM
Date posted: October 26, 2021. Answers (1)