Do You Think That Business Practices in an Islamic Country Are Likely to Differ from Business Practices in the United States? If so, How?
“Do you think that business practices in an Islamic country are likely to differ from business practices in the United States? If so, how?”
I think that business practices in an Islamic country are different from business practices in the United States, some factors influence the business practices in different cultures. As the culture, values and norms, social structure and diversity of individual all might affect the business practices.
Culture is a complex factor that includes beliefs, knowledge, arts, morals, law, customs, and other capabilities obtained by people as members of society (Hill, 2011).
Values and norms are the cores of the components for culture, values are general ideals about a society’s good, correct and desirable fact. Norms are the social rules and guidelines that suggest appropriate behavior in specific circumstances (Hill, 2011).
I don’t know much about Islamic country, but the American culture is different from Islamic culture. Due to the religion, social structure and much diversity in the two different worlds, the business practices would affect by these differences. International business is different from national business due to the culture and society. The ethics in Islamic world, governs almost all aspects of people’s life. Ethical norms and moral codes discernable from some verses of the Quran, and the teachings of the Prophet are far reaching and comprehensive (Azim, n.d.). Islamic teachings extremely influence the observance of the religion and ethical and moral code in Islam society.
The biggest dangers a company would confront in overseas is being ill information. International businesses are ill informed about the business practices of different
References: Hill, C. W.L. (2011). Global business today (7th ed.). New York, NY: McGraw-Hill/Irwin. John, T. (2008). Thinking like an anthropologist: A practical introduction to Cultural Anthropology. Mc Graw Hill. Azim, S. (n.d.). An Islamic approach to business ethics. Retrieved from http://www.renaissance.com.pk/Mayviewpoint2y5.htm