Tyiese L. Stephens DeRamus
BUS 427 Global Issues in Business
Critical thinking and Discussion Questions
1. “Why culture of a country might influence costs of doing business in that country”? There are many contributions to cultural differences “ethnocentricity” is one. Peoples’ belief system of their own ethnic group or culture being superior to another can inhibit Integration of people relationships and business. Relationships are important to business either making or breaking a deal. Of one such example: In United States we see the shaking of hands as closing, solidifying, and making a deal. However, the Jewish culture has a tradition of gender in shaking hands.
Men and women are not to touch unless they are betrothed to each other. This could become complex and minimize business transactions. Also, when we consider Islam it would be remiss to consider doing business during their month of Ramadan. This is a time of fasting with.
their business hours greatly reduced. Cultural factors can sometimes raise the cost of doing business, in China, guanxi is a cultural reality, that is necessary for business relationships in Chinese culture, the great McDonalds corporation, had to pay dearly because it lacked the concept of Guanxi.
2. Do you think that business practices in an Islamic country are likely to differ from business practices in the United States? If so, how? I Do you think that business practices in an Islamic country are likely to differ from business practices in the United States. With some seemingly practical similarities in Islam to the U.S. looking deeper we find much difference. Let’s look again at hand shaking. In the U.S. we shake hands differently by occasion and gender. We have many a stratum to hand shaking. If men in U.S. shake hands it’s a...