Global Business Cultural Analysis Barbados
Global Business Cultural Analysis: Barbados
Hilda Coll-Valentin
Liberty University
Author Note This research is being submitted on March 9, 2014, for Dr. Reshowrn Thomas’s BUSI-604 International Business course.
Abstract
The purpose of this research paper is to analyze the cultural viewpoint of doing business in the nation of Barbados according to the major elements and dimensions of culture including: communication, religion, ethics, customs, social structure, organization, and education. It will provide how these dimensions and elements are implemented by local conducting business. Also, explains on how the culture and business of Barbados differs from the United States. Other information researched includes international relationships, political systems, business risk and impact of global expansion.
Global Business Cultural Analysis: Barbados Barbados is a Caribbean island which is well-known as a tourist destination. Barbados has been a member of the World Trade Organization (WTO), since 1995. The World Trade Organization deals with the rules or agreements in trade at a domestic and global level. Many nations are involved in the WTO since mostly all have some kind of natural resource that is bringing income to the island. Sugar is one of the main products, which has made Barbados a successful export business nation. The economic growth of Barbados results in the change from sugar being an important export, to tourism having an even more profound effect on the nation’s economy. The name Barbados came from a Portuguese explorer named Pedro Campos, who had stopped at the island before traveling on to Brazil. He named the island “Los Barbados”, which means the bearded ones as the fig trees and the way they hung gave a look of a beard. Barbados was inhabited until the British settled in the year 1625; by Captain John Powell who claimed the island for King James I. Two years later on February 17, 1627 his
Hilda Coll-Valentin
Liberty University
Author Note This research is being submitted on March 9, 2014, for Dr. Reshowrn Thomas’s BUSI-604 International Business course.
Abstract
The purpose of this research paper is to analyze the cultural viewpoint of doing business in the nation of Barbados according to the major elements and dimensions of culture including: communication, religion, ethics, customs, social structure, organization, and education. It will provide how these dimensions and elements are implemented by local conducting business. Also, explains on how the culture and business of Barbados differs from the United States. Other information researched includes international relationships, political systems, business risk and impact of global expansion.
Global Business Cultural Analysis: Barbados Barbados is a Caribbean island which is well-known as a tourist destination. Barbados has been a member of the World Trade Organization (WTO), since 1995. The World Trade Organization deals with the rules or agreements in trade at a domestic and global level. Many nations are involved in the WTO since mostly all have some kind of natural resource that is bringing income to the island. Sugar is one of the main products, which has made Barbados a successful export business nation. The economic growth of Barbados results in the change from sugar being an important export, to tourism having an even more profound effect on the nation’s economy. The name Barbados came from a Portuguese explorer named Pedro Campos, who had stopped at the island before traveling on to Brazil. He named the island “Los Barbados”, which means the bearded ones as the fig trees and the way they hung gave a look of a beard. Barbados was inhabited until the British settled in the year 1625; by Captain John Powell who claimed the island for King James I. Two years later on February 17, 1627 his
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