The Cultural Challenges of Doing Business Overseas MBA/501 Dr. Ellen Szarleta-Instructor August 27‚ 2006 The Cultural Challenges of Doing Business Overseas Introduction For an American company to be successful overseas with business ventures they have to take risks in making business decisions which can be challenging. Steve Kafka‚ an American of Czech origin and a franchisor for Chicago Style Pizza‚ has decided to expand his business into the Czech Republic. He knows it is a risky decision;
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Katie Jankowski‚ Ashley Carvalho‚ Andrew Trottier‚ Joe Duffey‚ Giovanna Giosa INB 307 – Professor Walker Country Paper November 29‚ 2011 Australia Australia is comprised of six mainland states and two territories (Figure 1). The continent is the world’s largest island and sixth largest country. The total landmass of Australia is 7‚686‚850 sq km‚ “40% of which is covered by sand dunes and 18% is covered by desert” (Encyclopedia of Nations‚ 2007). Australia’s population consists
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will feel crowded where people from more densely populated countries in Europe will be comfortable. Time. Monochronic cultures tend to value precise scheduling and doing one thing at a time; in polychronic cultures‚ in contrast‚ promptness is valued less‚ and multiple tasks may be performed simultaneously. US and most European countries are monochromic. Etiquette. Some cultures have more rigid procedures than others. In some countries‚ for example‚ there are explicit standards as to how a gift
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Before doing any type of business in China one must get familiar with the Chinese business culture. According to Hofstede’s analysis‚ China ranks very high in long term orientation‚ very low in individualism‚ high in power distance‚ and average in masculinity and uncertainty avoidance. In my opinion I still believe these behaviors or cultural dimensions are very accurate. The culture here believes in overcoming obstacles over time which is part of Hofstede’s long term orientation dimension. This
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Every year thousands of students go overseas to study. Although many benefit from the experience‚ others go home disappointed. What are the benefits and drawbacks of studying in another country? Many students who go overseas to study every year have more experience of studying in another country. Although many benefit from the experience‚ others go home disappointed. Studying abroad has certain advantages such as good education‚ international certificate‚ excited living‚ but it also has disappointed
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Challenges of Doing Business Overseas Nancy Kelley University of Phoenix MBA 501: Forces Influencing Business in the 21st Century A. Lutz February 2007 Globalization and overseas business expansion has brought about the need for in-depth understanding of culture differentiation. When conducting or contemplating cross cultural business ventures‚ it is important to understand the culture before communicating one ’s desires. This paper will focus on the cross cultural challenges of doing business
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Case Analysis: Doing Business Abroad As businesses grow to the point that they operate globally‚ it becomes important for the personnel within the company to understand the cultural differences between the home office and the overseas operations. Every region of the world has its unique cultural idiosyncrasies. These idiosyncrasies can prove to be challenging if a manager is not prepared to deal with the cultural differences in a respectful‚ appropriate way. Some of the specific ways that
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Doing International Business in Textiles Submitted By:- Amruta Khallikar 11FN-056 Hitesh Gandhi 11DM-051
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RUNNING HEAD: THE CULTURAL CHALLENGES OF DOING BUSINESS OVERSEAS The Cultural Challenges of Doing Business Overseas Cristal Mitchell University of Phoenix Introduction To the average person‚ the idea of opening a pizza franchise in the Czech Republic sounds odd. Here’s what’s interesting: the franchising sector in the Czech Republic is steadily growing and the concept of franchising is becoming familiar to an increasing number of companies and individuals (www.factbook.net). American
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Individual countries do not have right to interfere with the affairs of another countries. Good relations among countries are essential to avoid conflicts and wars. Countries should not turn its back on each other and join to build common projects. However‚ some countries seem to prefer isolating from the rest of the world‚ harming often the well-being of their inhabitants. What should other countries do in such cases? To begin with‚ each country has its own own cultural values and traditions
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