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Evaluate the challenges and opportunities of Management and Business In Developing Countries (i.e. cross-cultural management, foreign...

Evaluate the challenges and opportunities of Management and Business In Developing Countries (i.e. cross-cultural management, foreign investment, security, social responsibility, technology, etc).

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Answer #1

Opportunities of Management and Business in Developing Countries:

  1. Large amount of availability of human resource.
  2. Scope of large foreign investment.
  3. Scope for human resource development.
  4. Wide area for tapping the unused resource.
  5. More emphasis should be towards core business.
  6. Reliabe sources are available.
  7. Availability of good legislation.

Challenges of Management and Business in Developing Countries:

  1. Poor infrastructure availability.
  2. Lack of skilled labour.
  3. Huge investment is required.
  4. Much effort is needed for development of economic oppurtunity.
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