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Aside from the geographic distance, there was a cultural one.
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The complexities associated with the management of organizations whose activities take place in multiple and different countries, separated by geographic distance and time, increase the difficulties of observing and making sense of non-financial consequences of finance-related decisions, as well as of the impact of financial decisions on strategic moves.
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This is geographic as well as metaphoric distance, at a hefty price tag for Welsh tax payers.
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What most people overlooked was that despite seeming like a known solution, the geographic, economic, and cultural distance introduced a significant number of unknowns into the equation.
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According to Oli Bjorn Hauksson, CEO of Keflavik, the country's only international airport, Iceland's geographic location makes it the perfect pit stop for long-distance flights.
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Where geographic isolation had protected the Hartford market from competition, telecommunications made distance irrelevant.
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