International Business January 23‚ 2013 Question of the Day Identify the significant cultural issues involved when evaluating the attractiveness of a particular location as a place for doing business Making business abroad can be risky‚ but it can also be profitable for a company as well; thus the necessity to study in deep the country where the company will bring the business to. International companies are faced with many cultural challenges‚ when doing business across and inside of different
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Cross-cultural challenges when doing business in China.(Research Note) Abstract With the globalisation of world business‚ China has become an appealing 有吸引力的market for foreign investors. The problem of cross-cultural management arises as the cooperation between China and its culturally different Western partners continues to increase at an unprecedented无前例的 rate. This paper presents an understanding on the general cultural differences between America and China by applying the cultural dimensions
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Asian Social Science May‚ 2008 Formation of Cultural Competitive Force When Doing Business in China Maohua Sun School of Mathematics and Computer Science‚ Nanjing Normal University Nanjing 210097‚ China Tel: 86-25-8528-2055 E-mail: dongxiaobo@163.com Abstract With the globalization of world business‚ China has become an appealing market for foreign investors. The problem of cross-cultural management arises as the cooperation between China and its culturally different Western partners
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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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September 3rd‚ 2010 Significant Place: Brooklyn‚ New York Many people have a place that is very significant to them. In my opinion‚ having a significant place is a very good thing because that means that significant place has a meaning. Brooklyn‚ New York‚ is the original hometown of the majority of my family and they have a very significant background history there. Brooklyn‚ New York is a very capacious city. My favorite thing to do there is shop. When I go shopping‚ I often enjoy seeing the
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IDENTIFY ETHICAL AND CULTURAL ISSUES THAT ENTREPRENEURS FACE WHEN CREATING A NEW BUSINESS IN A FOREIGN COUNTRY IDENTIFY ETHICAL AND CULTURAL ISSUES THAT ENTREPRENEURS FACE WHEN CREATING A NEW BUSINESS IN A FOREIGN COUNTRY INTRODUCTION This essay aims to identify ethical and cultural issues that entrepreneurs face when creating a new business in a foreign country. Hurn (2008‚ p.348) presents ethics as ‘the recognition of obligation and acceptance of responsibility for how one’s actions would
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custom‚ and any other capabilities and habits acquired by man person as a member of society.” Potential cultural issues: o Difference in cultural habits and norms. Space. Space is perceived differently. Americans 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
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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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Place of special significance Place that is significance to me is India‚ especially my grandparent’s house and the school that I attended when I lived in India at my grandparents house for several years. When I was five years old my parents sent me to study in India to learn about the traditions‚ food‚ culture‚ religion‚ and languages. While I was going to school in India I lived at my grandparent’s house. The house I lived in with my grandparents was a big nice two story house located
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Article Review #1: Location‚ Location‚ Location: The Strategy of Place SEC 1: SUMMARY In this article‚ a teacher in Strategy Unit at Harvard Business School whose name is Professor Juan Alcácer talks about the necessary function of taking and considering a long-term geographic strategic view in expanding business whether in a nearby town or around the world expansion. This article also highlighted the tactical checkers‚ discusses the importance and essential role of time consideration to
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