Q2. What distinguishes the entrepreneur from the conventional manager and what are the particular challenges that entrepreneurs face? How should entrepreneurs then deal with them
As the title suggests, this article focuses on the key difference between a conventional manager and an entrepreneur. But what is the real difference between these two roles? Any good manager should be able to operate as an entrepreneur if their company is in danger, right? The manager needs to have all the skills necessary to motivate team members and find new clients or customers. And above all, every manager should act in the best interests of their company and shareholders. The ability to take calculated risks and make decisions for long-term growth should be common to both management styles. A closer inspection reveals that there are some marked differences between these two roles. As we will see later on, the role of the entrepreneur is much more intense than that of a manager. Therefore, what really distinguishes those who work as an regular manager from those who work as an entrepreneur?
Q3. What additional challenges does a manager face when operating internationally and how should that manager deal with those additional challenges?
International business management is a broad term used to describe the process of managing businesses that operate in more than one country.
As a manager, your duties may involve overseeing employees, negotiating contracts and suppliers, making marketing and sales plans, setting budgets, complying with government regulations, and more.
Management may be different for each company or department, but some challenges are universal no matter how big or small your organization is. The key to success as an international manager is recognizing these issues early on and coming up with solutions before they have a negative impact on your business.
The global economy is growing at an accelerated pace. In fact, over the last five years alone there has been a 39% increase in cross-border activities among businesses worldwide.
If you’re looking to become an international manager and manage a business operating in other countries, read on to discover the challenges you might face and tips for overcoming them.
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