How does managing an international business differ from managing a domestic business?

 1. How does managing an international business differ from managing a domestic business? Given these differences, what skills do managers in an international business need to develop? 2. In general, what combination of the various political, economic, and legal systems are most supportive of international business activity? 3. What is the relationship between corruption in a country (i.e., government officials taking bribes) and economic growth? Is corruption always bad? 4. You are the CEO of a company that has to choose between making a $100 million investment in Russia and Poland. Both investments promise the same long-run return, so your choice is driven by risk considerations. Assess the various risks of doing business in each of these nations. Which investment would you favor and why? Bonus question Why should managers of international businesses be concerned about an economic downturn in China?