Final answer:
The basic management functions are not completely different for a company operating domestically rather than internationally.
Step-by-step explanation:
The statement is False.
The basic management functions are not completely different for a company operating domestically rather than internationally. While there may be some differences in terms of scale, legal requirements, cultural considerations, and market conditions, the fundamental management functions of planning, organizing, leading, and controlling apply to both domestic and international operations.
For example, in both domestic and international contexts, managers engage in the planning function by setting goals, defining strategies, and developing action plans. They also engage in the organizing function by allocating resources, creating organizational structures, and establishing communication channels. In terms of leading, managers motivate and guide employees, regardless of whether they are in a domestic or international setting. Lastly, managers engage in the controlling function by monitoring performance, making adjustments, and evaluating results in both domestic and international operations.