Shodh Sari-An International Multidisciplinary Journal
Vol-03, Issue-01 (Jan-Mar 2024)
An International scholarly/ academic journal, peer-reviewed/ refereed journal, ISSN : 2959-1376
The Challenges of Conducting Business in a Global Context
Negatu, Baharu Sisay
Ph.D. Scholar, Department of Applied Management, Punjabi University, Patiala, Punjab, India
DOI: https://doi.org/10.59231/SARI7673
Subject: International Business / Global Management / Economic Studies
Page No.291-316
Received: Dec 15, 2023
Accepted: Dec 26, 2023
Published: Jan 01, 2024
Thematic Classification: Global Business Challenges, International Trade, Cross-Cultural Management, Global Supply Chain, Market Entry Strategies, Economic Globalization, Regulatory Compliance, International Marketing, Geopolitical Risks.
Abstract
The objective of the study is to identify the challenge of conducting business in a global context and specifically aims to identify the cultural, legal, and regulatory problems. As the world becomes increasingly interconnected, businesses are faced with both challenges and opportunities when it comes to accompanying business in a transnational milieu. To achieve the objective of the study three researcher selects exploratory research with a mixed approach is used, data collected from 265 sample respondents selected purposively and information’s are gathered from both primary and secondary sources like journals, books, unpublished and published, reports of government, International Monetary Fund and World Bank report. Cultural difference, regulatory environment, and corruption have negative relationship with the dependent variable and economic difference, political situation, and foreign exchange have positively significant relationship with conducting business in international area. It is recommended that gov’t make as a first remedial on create a setting that supports innovation, zero level of corruption, encourage global trade, construct infrastructure, create a staff with expertise, promote cooperation, address issues on the environment and society. Suggested implications include a more significant managerial emphasis on challenge and opportunities with the management in a holistic manner, taking into account all economic, political, and cultural factors influencing global business.
Keywords: International business, challenge of global business, legal factors, global business context, investment, foreign direct investment, and opportunities of global business.
Impact Statement
The research conducted by Baharu Sisay has had a profound impact on the field of Accounting, Finance and Economics. By focusing on the relationship between interest rate and demand for loan, financial inclusion. My work has advanced our understanding of how effectively charge the interest rate and their impact on demand for credit and loan repayment. My research findings have yielded practical applications in various domains, including banking, financial institutions, tax, and accounting. These advancements have enhanced the capabilities of automated systems, empowering industries to improve efficiency, accuracy, and user experience. Furthermore, My research has contributed to the development of ethical and responsible tax system and interest rate. My work has shed light on the importance of bias mitigation, fairness, and transparency in tax, banking algorithms, ensuring that technology is designed to serve diverse populations and mitigate potential harm. By disseminating My research through publications, conferences, and collaborations, I fostered my knowledge exchange and inspired fellow researchers and practitioners worldwide. And my work continues to shape the field, pushing the boundaries of banking, tax, Accounting and revolutionizing the way we interact with intelligent systems.
About Author
Baharu Sisay Negatu is a dedicated researcher and lecturer with a passion for advancing knowledge in his field. With an extensive academic background and expertise in his domain, and has made significant contributions to the research community. Am a Ph.D. candidate in Applied management and has focused my research on the factors affecting turnover tax collection. My research work has been published in reputable journals and presented at 6 international conferences, garnering recognition for my innovative insights. As a lecturer, am bringing my research expertise into the classroom, inspiring and guiding students in their academic pursuits. Am known in engaging in my teaching style and ability to simplify complex concepts, making them accessible to learners at all levels. Beyond academia, Baharu is committed to promoting diversity and inclusion in the scientific community. I actively participate in mentorship programs and workshops, empowering aspiring researchers to overcome barriers and achieve their goals. With his dedication, knowledge, and enthusiasm, am continuing to make a significant impact in both research and education.
Cite this Article
APA 7th Style: Negatu, B. S. (2024). The challenges of conducting business in a global context. Shodh Sari-An International Multidisciplinary Journal, 3(01), 291–316. https://doi.org/10.59231/SARI7673
Chicago 17th Style: Negatu, Baharu Sisay. “The Challenges of Conducting Business in a Global Context.” Shodh Sari-An International Multidisciplinary Journal 3, no. 1 (2024): 291–316. https://doi.org/10.59231/SARI7673.
MLA 9th Style: Negatu, Baharu Sisay. “The Challenges of Conducting Business in a Global Context.” Shodh Sari-An International Multidisciplinary Journal, vol. 3, no. 1, 2024, pp. 291-316, https://doi.org/10.59231/SARI7673.
Statements & Declarations
Review Method: This article underwent a double-blind peer-review process by independent experts in International Business and Strategic Management to evaluate the analysis of cross-border operational barriers, regulatory complexities, and cultural dynamics in the global marketplace.
Competing Interests: The author, Baharu Sisay Negatu, declares that there are no financial, personal, or professional conflicts of interest that could have inappropriately influenced the research findings or the global business analysis presented in this study.
Funding: This research was conducted through the academic support of the Department of Applied Management, Punjabi University, Patiala. No specific external grants or commercial funding were received for this study.
Data Availability: The analysis is based on a systematic review of global economic trends, international trade reports, and frameworks for global supply chain management. All primary and secondary sources are cited within the manuscript.
License: The Challenges of Conducting Business in a Global Context © 2024 by Baharu Sisay Negatu is licensed under CC BY-NC-ND 4.0. This work is published by the International Council for Education Research and Training (ICERT).
Ethics Approval: As this study is a theoretical and systematic review of international business management and does not involve direct human or animal experimentation, it was deemed exempt from formal institutional ethical review while maintaining strict adherence to research integrity.
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