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Currently world is dynamic and constantly changing and rapid increase in. The expansion of technology is the reasons for recent International Business growth. Globalization was one of the major changes that the world witnessed recently, there are expected to be more isolated yet more effective changes made. In the last 10-15 years trade has seen major changes. These changes are ones that directly affect the lives of the working class, and have raised a great deal of concern for millions of people. International business has many aspects that you need to be aware of before doing business in another country, whether you are a small business. There are many different cultures and ways of doing business around the world. Strategic management is the process in which a management team develops a mission and vision, objectives and goals, roles and responsibilities and values which ensure the success of the organization.
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