What are the differences between managing an international company and managing a domestic company?

Question: #312

What are the differences between managing an international company and managing a domestic company?

What functions of management are different in an international company as compared to a company in the US?

What function of management is the most important?

Solution: #326

What are the differences between managing an international company and managing a domestic company?

A domestic company situated in America has to conform to domestic regulations only but a multinational firm on the other hand has to conform to regulations from each jurisdiction it has its assets in. An international company having its head quarter either in USA or elsewhere has to first create a structure of governance and management which is in line with legal requirements of all its served jurisdictions. The management of a domestic company has to confine their activities in managing local business only. The management ha...