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Organizations that choose to include a team component in their performance management systems face various challenges.Please list and describe the three main challenges discussed in the readings.
Protectionism
A call for tariffs and favorable treatments to protect domestic firms from foreign competition.
Foreign Competition
The presence of companies from different countries competing in a market, often emphasizing the global nature of business.
European Union
The European Union is a political and economic union of member states that are located primarily in Europe, aiming to promote peace, stability, and economic cooperation among its members.
Cross-border Trade
Involves the exchange of goods or services between entities in different countries, navigating various regulations and market conditions.
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