Question

Importance of international financial management

Answer 1

Answer:

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Explanation:

International financial management (IMF) significance cannot be exaggerated. It is, however, the core factor to successful business operations. In the absence of finance in local even in international market, no entity can achieve its full strengths for success and growth. We all know that money is a worldwide lubricant that keeps the local and multinational enterprise dynamic in developing product, keeping machines and men in working, motivating management to create values and progress. As I have discussed above that globalization open the market for major corporations to business into international markets, but it also brings corporations to a variety of risks that they can face while operating in international era and in this regard international financial management is the only solution to mitigate these risks and expose corporations to the whole world to operate in. Below is the details of risk that multinational companies face and the role international financial management play to control these risk that increase the importance of international financial management