Answer each question in 300 words or more.1. In your opinion what are the biggest challenges facing MNCs in todays economy and why? Allow for political technological and economic challenges.2. Why is it useful to have an 8-step negotiation model? What are the consequences if a step is skipped?3. How should an HR department evolve to match a companys expansion overseas? Which leadership roles are most important in this scenario?4. Characterize the future of US-based companies desiring to expand overseas within the next 5 years. What political economic and technological challenges might those companies face and why? How can they be overcome?