Abstract With the economic globalization and the frequent business contacts‚ culture differences seem to be very important‚otherwise they could cause unnecessary misunderstanding‚ even affect the result of the business negotiation. This means it is very important to know the different culture in different countries and the ways to avoid the culture conflicts in the international business negotiations. The article will analyses the causes of culture differences‚ then from the various aspects
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VIVEKANANDA EDUCATION SOCIETY INSTITUTE OF MANAGEMENT STUDIES AND RESEARCH INTERNATIONAL BUSINESS SUBMITTED TO: PROF. VIJU NAVARE GROUP NO: 7 SUBMITTED BY: NILESH AHUJA 62 NITIN GALANI 66
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Abstract The business world as we know it today has changed from the business world that existed when our parents were growing up. Many business leaders and companies are beginning to expand their business internationally or globally. The advances in technology‚ and with the use of internet‚ television shows and politics we see the mention of globalization everywhere. What in fact is globalization‚ and how has it affected the business world today? When it comes to doing business internationally
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Mock Negotiation Problem Issues in the Mock Negotiation Problem: Being a member of the Local 5000 in this whole project I could point out numerous things that make the employees at Auto Products Corporation want things better. There seems to be issues at the Indianapolis plant concerning overtime‚ premium pay‚ and even subcontracting instead of using their own employees to do the work. What I have also gotten from this mock negotiation is that in the past‚ the union and management have been
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[pic] TABLE OF CONTENTS 1. Introduction. 2 2. Negotiations with Japanese and Americans. 2 2.1 The impact of culture on negotiations 2 2.1.1 The Japanese Culture………………………………………….....………………..2 2.1.2 The American Culture………………………………………………………………3 2.2 Differences in negotiation styles between Japan and the US…………………………5 2.3 The profile of a Japanese and an American negotiatior 6 3. The case of Motorola and Toshiba 9 3.1 Introduction to Joint Ventures 9 3.2 General
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INTRODUCTION OF INTERNATIONAL BUSINESS International business deals with business activities which is both production and services that cross the national boundaries. This activity includes movement of goods‚ services capital or personnel‚ transfer of technology‚ etc. Functionally‚ by business we mean those human activities‚ which involve production or purchase of goods and services with the object of selling them at a profit. Today’s world is an era of Global Village or specialization. A particular
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Introduction International business in terms of multinational enterprises is whereby companies have operations in more than one country. These companies are called Multinational cooperation and they expand overseas through joint ventures‚ foreign acquisition‚ licensing agreement‚ Greenfield investment and export (Ghoshal & Nohria‚ 2003). Strategies such as International strategy‚ Transnational strategy‚ Global strategy and Multidomestic strategy are used by multinational cooperation to enter
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Intercultural Communication skills in International Business Introduction Globalisation‚ the expansion of intercontinental trade‚ technological advances and the increase in the number of companies dealing on the international stage have brought about a dramatic change in the frequency‚ context and means by which people from different cultural backgrounds interact‚ especially cross-cultural communication in international business. Global communications bring countries and cultures closer to
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entrepreneurs. For these growth-minded business owners‚ the rest of the world is their oyster. Seeking international growth by going global as an importer-exporter offers opportunity aplenty. Some of the specific advantages presented by successfully growing globally include: You can extend the sales life of existing products and services by finding new markets to sell them in. You can reduce your dependence on the markets you have developed in the United States. If your business is plagued by destabilizing
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global business environment is a critical part of strategic planning and management process. "Failure to correctly identify and assess risks may result in market blunders‚ policy disasters‚ and or organizational crisis. It is essential for success to identify‚ assess and adapt their strategies to the environment ’ ’ (Stoffels‚ 1982). Managing an international business is different from managing a domestic business for at least four reasons: (i) countries are different‚ (ii) the range of problems confronted
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