Topic THE IMPORTANCE OF CULTURAL FACTORS IN INTERNATION BUSINESS In the process of globalization‚ the world is getting smaller. The connections and interactions between countries or international companies are easier by cultural integration. For example‚ Google’s company was a small company in California before 2000. They then expanded their company in other countries such as Germany‚ Japan and they has boosted many different language versions of the site. Google has been considered as the largest
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Cultural Differences in International Business International business negotiation is playing a more and more important role in modem society. We can see clear that there are great differences in international business negotiation. Specially‚ culture can influence negotiating styles in numerous ways‚ because negotiator who may come from another nation is different from us‚ in language‚ beliefs‚ and behaviors. Different cultures employ different ways of doing business. Nowadays‚ the world is
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International Business Lecture Notes Collin Starkweather1 September 2012 1 Copyright c Collin Starkweather 2012. All rights reserved. 2 Contents 1 International Business Culture and Practices 1.1 Values . . . . . . . . . . . . . . . . . . . . 1.2 The Determinants of Culture . . . . . . . . 1.2.1 Hofstede’s Cultural Dimensions . . . 1.2.2 Trompenaars’s Cultural Dimensions 1.2.3 Country Clusters . . . . . . . . . . . 1.3 Social Stratification . . . . . . . . . . . . . 1.4 Cultural
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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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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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[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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discussed in the negotiation. a. An analysis of all the possible issues that need to be decided. b. Previous experience in similar negotiations. c. Research conducted to gather information. d. Consultation with experts in that industry (real estate agents‚ mortgage lenders‚ attorneys‚ accountants‚ or friends who have bought a house recently)‚ 2. Assembling the issues and Defining the bargaining mix. The combination of lists from each side in the negotiation determines the bargaining
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Accounting Principles (GAAP) in favor of the international standards‚ International Financial Reporting Standards (IFRS)‚ followed by most of the world. This modification would represent one of the prevalent accounting rule changes for public companies based in the U.S. Among other issues‚ it would likely dislodge the Financial Accounting Standards Board‚ or FASB‚ as the U.S.’s chief accounting authority‚ incorporating it under the London-based International Accounting Standards Board (IASB). Many
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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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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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