International Business: Opportunities and Challenges

19/06/2024 46 min
International Business: Opportunities and Challenges

Listen "International Business: Opportunities and Challenges"

Episode Synopsis

In our latest episode, we explore the profound interconnectedness of today's world. How many of the items around you were made locally? Chances are, even your local café sources its coffee from across the globe. This interconnectedness is a strategic advantage for businesses, highlighting the importance of understanding international suppliers and markets. China and India are crucial as suppliers and markets, and large corporations can uplift the world’s poorest populations by providing affordable, life-improving products while maintaining profitability. Outsourcing can enhance company profits and provide jobs that elevate workers out of poverty, with remote work bringing numerous advantages. However, global operations come with challenges. To succeed, managers must navigate risks, understand international trade agreements, and avoid cultural missteps. Is your business ready to go global? Do you know the trends in demographic shifts within the U.S. and their implications for your business? Tune in to gain valuable insights on critical topics, such as outsourcing, cultural intelligence, political risk, and international management, to help you as managers and leaders.

More episodes of the podcast The Dr. Claude Kershner Show