April 7: Managerial Planning and Control Reading Assignment: CFM, Chapter 10 (Skim pages 389-396) Discussion Questions:

April 7: Managerial Planning and Control Reading Assignment: CFM, Chapter 10 (Skim pages 389-396) Discussion Questions: 1. What risks and other environmental variables are faced by MNCs that are not faced by purely domestic companies? In other words, what is different about managerial planning and control for multinational companies than for domestic companies? What performance evaluation measures are used by MNCs and what are the strengths and weaknesses of each one? Should performance be measured in the local or home currency? If the home currency, there are normally three exchange rates suggested for budgeting and subsequent tracking of performance: initial spot rate, ending (updated) rate, and projected internal forward rate. What are the implications and behavioral consequences of each combination? Why should a distinction be made between the performance of a subsidiary and the performance of a subsidiary manager? Why does not the profit center concept work well with MNC op