Mongolia, the Role of Culture in Internatiional Business
MONGOLIA
The Role of Culture in International Business
Culture is “the set of customs, values, beliefs, behaviours and traditions that have developed among groups of people over decades and centuries. It is influence and defined by geography, language, religion, history, war, food, clothing, climate and other variables that not only make cultures unique, but also facilitate comparisons”. (FITT, 2008)
2011
Jessica Garant & Lynne Annis
INT 100 Research Report
4/21/2011
MONGOLIA
The Role of Culture in International Business
Prepared for
Professor Floyd Simpkins
Global Entrepreneurship (INT 100)
St. Clair College
Prepared by
Jessica Garant-0188916
Lynne Annis-02475631
H. R. Students
St. Clair College
21 March 2011
Introduction
The difference between two countries cultures can often hinder or prevent business partnerships when they are perceived as not being respected by the visiting firm or investor wishing to conduct business. To allow for smoother negotiations and meetings, a firm should research, understand, and abide by the hosting countries business practices and culture.
Flexibility in allowing for adaption of products or services; negotiation and business strategies; and professional/personal behaviours to meet the cultural needs and values of the host country will be advantageous to any firm seeking to do business internationally.
Culture is “the set of customs, values, beliefs, behaviours and traditions that have developed among groups of people over decades and centuries. It is influenced and defined by geography, language, religion, history, war, food, clothing, climate and other variables that not only make cultures unique, but also facilitate comparisons”. (FITT, 2008)
Mongolia, Past to Present Day
Mongolia is an independent country located between China and Russia in Northern Asia with a population of 2.735 million people. Their government is democratic with a mix of parliament, consisting of a
The Role of Culture in International Business
Culture is “the set of customs, values, beliefs, behaviours and traditions that have developed among groups of people over decades and centuries. It is influence and defined by geography, language, religion, history, war, food, clothing, climate and other variables that not only make cultures unique, but also facilitate comparisons”. (FITT, 2008)
2011
Jessica Garant & Lynne Annis
INT 100 Research Report
4/21/2011
MONGOLIA
The Role of Culture in International Business
Prepared for
Professor Floyd Simpkins
Global Entrepreneurship (INT 100)
St. Clair College
Prepared by
Jessica Garant-0188916
Lynne Annis-02475631
H. R. Students
St. Clair College
21 March 2011
Introduction
The difference between two countries cultures can often hinder or prevent business partnerships when they are perceived as not being respected by the visiting firm or investor wishing to conduct business. To allow for smoother negotiations and meetings, a firm should research, understand, and abide by the hosting countries business practices and culture.
Flexibility in allowing for adaption of products or services; negotiation and business strategies; and professional/personal behaviours to meet the cultural needs and values of the host country will be advantageous to any firm seeking to do business internationally.
Culture is “the set of customs, values, beliefs, behaviours and traditions that have developed among groups of people over decades and centuries. It is influenced and defined by geography, language, religion, history, war, food, clothing, climate and other variables that not only make cultures unique, but also facilitate comparisons”. (FITT, 2008)
Mongolia, Past to Present Day
Mongolia is an independent country located between China and Russia in Northern Asia with a population of 2.735 million people. Their government is democratic with a mix of parliament, consisting of a
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