Question 1:(500 words)

Describe the main steps in the process of international strategic management.

What are some of the main problems faced by firms in undertaking this process?

Explain the concept of CorporateSocial Responsibility(CSR) and concisely describe the range of issues (including environmental ones) that a firm needs to take into consideration in formulating its CSR strategies.

Question 2:(500 words)

Using point format, concisely describe the modes of internationalisation other than exporting.

What are some of the risks involved in the above modes and what can be done to try to minimise them?

Explain why firms engaged in international businesses often form strategic alliances with overseas firms, indicating the advantages of these alliances.