Final answer:
The global business manager efficiently coordinates international operations, prioritizes the home country's interests, and contends with individual country issues. Global businesses and MNCs are pivotal to the global economy, influencing trade laws and sustainable development across borders.
Step-by-step explanation:
Global Business Manager's Role
The role of a global business manager involves the coordination and integration of operations across international borders. This position requires effectively balancing coordinator responsibilities by ensuring all the disconnected operating locations function cohesively. It also involves managing priorities, with an emphasis on maintaining the interests of the manager’s home country while dealing with country-specific issues.
Importance of Global Businesses
Global businesses contribute significantly to the world economy. They have become integral to global economic development by providing ease of access and supporting sustainable development. The involvement of multinational corporations (MNCs) in multiple countries highlights their influence on global trade laws and economic policies.
Impact of Multinational Corporations (MNCs)
MNCs, headquartered in one nation but operating in many, are key players in the global economy. Their significant assets and economic influence can exceed the GDP of smaller countries, enabling them to have a notable impact on international policy and legislation.