Special Topics in
Special Topics in
Making business abroad can be risky, but it can also be profitable for a company as well; thus the necessity to study in deep the country where the company will bring the business to. International companies are faced with many cultural challenges, when doing business across and inside of different borders. Identifying the significant cultural issues involved when evaluating the attractiveness of a particular location as a place for doing business can be crucial for a business. Aspects to consider when studying culture in a new place are: aesthetics, values and attitudes, manners and customs, social structure, religion, personal communication, and education.…
3. How does culture impact market choices, structural decisions, and likelihood of success for an internationalizing firm? What are the implications for human resources?…
GESTELAND, R, (2002), Cross Cultural Business Behavior: Marketing, Negotiating, Sourcing, and Managing Across Cultures, 3rd EDITION, COPENHAGEN BUSINESS SCHOOL PRESS, COPENHAGEN…
Foreign acquisitions have created managerial issues in the past and these issues are predominantly motivated by cultural differences. An example of this would be EBay’s failure to succeed in the Japanese marketplace due to not thoroughly understanding and researching the typical Japanese consumer and therefore having…
In today’s environment, clear and precise information is needed to conduct business in another country. The importance of minimizing culture shock and optimizing successful communication is equally as important. In comparison to traditional guidelines, intercultural guidelines to interact international carries a significant value as well. This can be a determining factor that can result in companies receiving business contracts. To ensure employees are trained adequately a business should prepare employees with information that is imperative to intercultural interactions. The primary goal of this paper is to explain briefly the importance of universal systems, cultural values, language and thought, social etiquette, business customs, negotiation strategies and culture shock and create questions for each category that reflect what perspective business people need to consider to prepare themselves for that aspect of cultural experience. In the end a reader should possess the skills necessary to communicate appropriately and develop effective relationships.…
Cultural sensitivity is vital to remember when any firm does any business in a foreign market. Certain strategies and procedures used in the United States may not translate the same way in other countries or have the same impact. Other areas in the world operate their businesses with different priorities and in different cultures so it is crucial to consider how these differences may affect how business is done. Ethical situations will inevitably arise when a firm begins operations in a new international market so it is best to be prepared to face such situations with character.…
Verluyten, Paul S. (2010) Intercultural Skills for International Business and International Relations: A Practical Introduction with Exercises. Published by: ACCO, Belgium. Samovar, Larry A; Porter, Richard E; McDaniel, Edwin R; Roy, Carolyn S. (2010). Communication Between Cultures, 8th edition, International edition. Published by: Wadsworth Cengage Learning.…
Cultural elements within a business affect the way strategy is determined, goals are established and how the organization operates as an entity. Not only are decisions made as a group/community effort, but it is stemmed from cultural beliefs/practice/ways of living, which varies on a global context. In today’s global market place cultural differences across countries have a significant impact on business decision making; this is manifested in or through most functional areas of businesses including marketing, human resources and finance. Each function within a company has its own roles and responsibilities which contribute to the business’ overall success.…
Cross-cultural management is seen as a discipline of international management focusing on cultural encounters, which aims to discover tools to handle cultural differences seen as sources of conflict or miscommunication. Cross cultural solutions to international business demands are increasingly being viewed as a valid and necessary method in enhancing communication and interaction between companies, between companies…
Today 's world has entered the democratic, free and open era of information technology. The earth seems to become a village - 'global village ', This shows that the people who are living in it become closer and closer. This close relationship causes a natural phenomenon, which is having the conflicts due to the different traditional culture, different lifestyles & different religion beliefs & etc from different countries. This phenomenon should be eliminated by the reasonable way in order to let the people all over the world be more mutual respect, mutual care, mutual assistance and cooperation with each other. So that intercultural communication is very important to the human beings over the world. It could help to deal with a lot of the conflicts and contradiction owing to the different culture. And also the intercultural communication and competence could help the corporation to get the further success.…
Hill, C. W. (2011). Chapter 10 Introduction. In International Business: Competing in the global marketplace (8th ed., p. 342). New York, NY: McGraw-Hill/Irwin.…
Especially in the time of globalization intercultural competence became more and more important. Contacts between companies, organization and individuals have to be successful. People of different cultures have to work together and come to a profitable solution. Often the value systems of the people have big differences. For example in China you have a complete difference behavior than in Germany or Jordan. If people of two cultures meet each other, there can be huge problems. A bad preparation, insufficient interest for the foreign culture, misunderstanding or conflicts can be causes a competitive disadvantage for the company and therefore increases costs.1…
Last, Culture different is playing an important role in business. In order to have more successful around the world, all universal company has to do a research on culture different. According to my own experiment, the taste of a piece of fried chicken in a KFC restaurant in America is different to the one in Vietnam. It is because the eating habit of different race is not the same. So, KFC Company has to adjust its…
In today’s world of globalization, where migration, international businesses, foreign direct investments, expatriates’ work and any international cooperation has been rapidly increasing (Routamaa & Houtala, 2008). The understanding and appreciating cultural differences in businesses has become of vital importance to all organization in creating and sustaining a good relationship when managing a business deal. While David A. Ricks (2009, 7) mentioned “the failure to understand cultural differences can bear serious consequences,” understanding the importance of culture and respecting the role it plays in the lives of potential customers in foreign markets is vital and could the difference between success or failure of the business deal. Forget or trivialize this important ingredient, company’s business runs the risk of failing to attract potential customers, or at worst, alienating or offending millions of people and experiencing a huge loss of sales.…
To illustrate how culture still matters, I will be discussing some challenges managers meet in international business because of lack of…