Doing Business in the Visegrad Group : Czech Republic‚ Hungary‚ Poland and Slovakia Monika Chabanová Basic Information Czech Rebublic Capital City Surface Population Currency PRAGUE 78 867km² 10 505 445 Czech Koruna (CZK) Hungary BUDAPEST 93 036 km² 9 938 000 Forint (HUF) Poland WARSAW 312 685 km² 38 538 447 Zloty (PLN) Slovakia BRATISLAVA 49 035 km² 5 397 036 Euro (EUR) Official language Logo Czech Hungarian Polish Slovak Prime Minister Petr Nečas Viktor Orbán
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Latin America ( Brazil and Mexico) “A nation’s culture resides in the hearts and in the soul of its people.” - Mahatma Gandhi August 12‚ Wimbley‚ London: In an exciting finale‚ Mexico beats Brazil 2-1 to clinch the gold in Olympics Men’s football. The samba boys are disappointed as this was their golden opportunity to claim their maiden Olympic gold. Brazil‚ Mexico‚ Samba‚ Football…………all
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Advantages: Information technology (IT) benefits the business world by allowing organizations to work more efficiently and to maximize productivity. Some of the advantages that IT can have on our enterprise are given as following. 1. Storage: Information technology creates electronic storage systems to protect our company’s valuable records. 2. Automated Process: In business‚ people look for ways to do more work in a shorter amount of time. IT improves our company’s efficiency by developing
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German culture is diverse and complex. One way to evalutate the culture is to use Geert Hofstede’s five dimensions which helps to illustrate values that are embedded into the German people and how behavior manifests itself in a work related context. The German culture can be described as having a low power distance as they strongly expect power to be distributed equally. This is evident by the solid co-determination rights held for employees. Germans also demonstrate a high degree of uncertainty
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bureaucratic hurdles which the MNCs had to overcome‚ gradually reduced making it easier to do business. Corruption is another big hurdle when doing business in India. Areas like electricity supply‚ judiciary (particularly lower courts)‚ Police‚ land administration are counted in the most corrupt category. Since all these are essential in building up a business‚ corruption proves to be a major hurdle for starting business in India. Inadequate Infrastructure It has long been felt that roads and communication
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Doing business in Middle East The United Arabs Emirates‚ a place where people from all over the world come to find success and fame. A place where your dreams can come true but not for everyone. The main reason for these are a lack of ability to adapt into a new culture. In history‚ culture differences have always been at the heart of conflicts between people and civilizations. We live in a highly populated world where cultures differ even from city to city. This creates conflicts and misunderstanding
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Challenges and Advantages of Doing Business in China With China emerging as a global power in business within the last decade‚ knowing about doing business in China has become more important than ever. There are both many advantanges and challenges with doing business in China in this modern era‚ and understanding both sides of this coin is the key to being successful in China. Some aspects to keep in mind include the cultural barrier‚ the price of the work force in China compared to the United
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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 of 22.7 million people‚ mostly concentrated in the Southeast and Southwest (CIA‚ 2011). Australia accounts for 29% of global
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DOING BUSINESS IN SOUTH KOREA BUSINESS ISSUE IN SOUTH KOREA South Korea continues a process of economic liberalisation and deregulation‚ but the government has yet to adopt a fully laissez-faire policy where the economy and trade are concerned. The UK TI team in South Korea works actively to lift or loosen the many regulatory barriers that still exist to ease UK-based company enter to the market(UK Trade and Investment‚ 2009) Getting Paid - Terms of Payment The payment terms you can normally
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Sometimes‚ for some people the workplace in teamwork is a bad place to be. In order to work with other people and be as efficient as you can‚ you should try to accept all the features and whims that the others may have. Furthermore‚ working with other people for achieving the same goal‚ requires being a lot patient and sometimes tolerant along the way. Every person has their own personality‚ character and of course influenced by their culture‚ religion and values. Therefore‚ it’s normal in working
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