Romi Almanzor March 24, 2021

MBA-1a
Central Colleges of the Philippines

International Management
(by Joseph Michael Espiritu)

Exporting sporadically to other countries; having a more developed export strategy; having foreign
agents, partners, or even a direct sales force in a number of countries; even having supply and/or
production facilities abroad are all examples of international management. Businesses can also
make purchases outside of the United States, which is a whole different ballgame with its own set
of risks.

Contemporary international managers will need to demonstrate a higher level of skill than those
exhibited by the traditional manager in the past. They must be multilingual, sensitive to cultural
differences, and knowledgeable about current global management theory, philosophy, psychology,
and their practical applications. Acquiring the skills needed to become a successful international
manager is a demanding, albeit necessary, process—especially since the global market will
continue to expand for the foreseeable future.

Managers interested in international business must be aware of the various opportunities available
in different countries. They must have the ability to see both potential and immediate opportunities.
There are three types of countries with which potential business opportunities exist: developed,
developing, and newly industrialized.

Managers must be educated in aspects of international business that are not typically addressed
by domestic executives. Knowledge of other countries' infrastructures, business practices, and
foreign trade dynamics are all examples of these issues on a wide scale. In addition, international
managers must be familiar with international exchange rates as well as the legal, political, and
sociocultural characteristics of their respective countries.