How cultures can affect international business

1. Pick two cultures, discuss the similarities and differences. 2. Study of business etiquette, customs and protocol for doing business worldwide provide a formula for success in the international business environment. Please explain why it is important for managers to understand a culture in which they will be doing business. 3.What impact do economies of scale have on international business dealings? 4.In reviewing the economic conditions of trading blocks, how do these organisations affect overall economic growth for the region?  Please explain. 5.It is argued that unconventional approaches should also be considered in sovereign debt management, in order to contribute to resolving the eurozone sovereign debt crisis. What factors should be considered when moving from a conservative approach to debt to more unconventional solutions? Please explain. 6.A government′s debt portfolio is usually the largest financial portfolio in the country. Why is debt such a critical factor to a country’s overall stability? Please explain. 7.As risk is almost part of everything, corporate performance is not an exemption. Even the fortune companies with best management team and financial performance, at various times face disruption either from natural cause or from intense competition, which leads to profit and market share heavy decline. Research an international organisation that has had a recent decline. Please explain the steps and strategic actions it has taken to recover. 8.What is the role of resilience in business performance, crisis management and corporate reputation? Please explain.