Contemporary Global Issues in Business and Tourism

Contemporary Global
Issues In Business and
Tourism

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
The global issues that must consider, before leaping into international operations...............3
Suggest some ways of overcoming these challenges.............................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
Books and Journals.................................................................................................................7

INTRODUCTION
It is important to note that there are various business organisations that are working in the global
market. Globalisation is the process of that helps increase the connection, interconnection among
the people of different nations (Asongu and et.al., 2019). It helps in free trade of goods and
services in international market. The process of globalisation helps in increasing the production
of goods and services. It is with the help of enhancement of transportation and communication
technology. In this report there is discussion related to the challenges that organisations face
while entering international market. Along with that there is discussion related to
recommendations to overcome these challenges.
MAIN BODY
The global issues that must consider, before leaping into international operations
As the world is turning global it is seen that the business organisations are also enhancing
their operations. They are expanding the business and operation in international markets. It is
important for companies to know about the challenges that may arise while they plan to operate
in the international markets. It plays a vital role to conduct proper research and then enhance the
operations. The business opportunities are enhancing but it is vital for business to be attentive
while operating in the international market as the laws and frameworks are different as per the
nation. Expansion of business helps in increasing the reach of business and serving more
customers. It helps in enhancing the profitability of the business firms. It is important to note that
there are various challenges that may arise in path and the challenges are discussed below:
International company structure: It is one of the challenges that the company has to face
while entering the global market. As in the national market company is aware about the location,
structure and all the related aspects. But while operating in the international market it is difficult
for the business to know about the structure of the organisation (Kayumovich, Annamuradovna
and Kamalovna, 2019). It is vital to know about the structure that will be suitable while working
in international market. It is seen that the challenge lies in operations of the business. Along with
that it is difficult to manage the business offices. The staff members also belong to different
background as well as it becomes difficult to cooperate. So it is seen that the business
organisations take help of local experts to know about the structure that will be suitable for the
company.