Global organizations
Hello
Global organizations face a wide array of issues and challenges. This means that there are merits and demerits to becoming global (Shoham, 2018). However, the best thing that global organizations ought to do is to come up with robust frameworks of dealing with these challenges for success in the long run. Additionally, there are various problems that organizations face while entering a foreign market. First is the issue of culture. Bearing in mind that different countries have people that embrace different cultures and ways of doing things, this can be problematic to an organization. Therefore the organization must be culturally sensitive and understand the culture of its new customers.
The second problem is political instability that ends up affecting the business environment. Political instability can be caused by government factors, social unrest, or any other national issues. Additionally, import restrictions affect global companies if the country they operate from imposing restrictive quotas and tariffs. Other problems that companies face while entering new markets include exchange control, ownership restrictions, and unfavorable economic conditions.
References
Shoham, A. (2018). Global Marketing, Standardization. Journal of Global Marketing, 9(1-2), 91-120. doi: 10.1300/j042v09n01_05