cultural teams can provide a source of experience and innovative thinking to enhance the competitive position of organizations. However‚ cultural differences can interfere with the successful completion of projects in today’s multicultural global business community. To achieve project goals and avoid cultural misunderstandings‚ project managers should be culturally sensitive and promote
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"Chinese and Indian Business Systems: Divergent in the midst of Global Trends " Associate Professor Richard Grainger Professor Samir Ranjan Chatterjee Curtin Business School Introduction It is clear that China and India‚ in terms of geography‚ population size and regional cultural influence‚ are currently the most important nations in Asia. Both have experienced consistently high economic growth rates over recent decades‚ a fact which is made all the more notable by the size of their respective
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Small businesses are often faced with many challenges. One of the biggest problems faced by small businesses is providing suitable benefits for employees‚ namely health insurance. Employer provided health insurance is The research process to developing a paper requires time‚ time and more time. It is best to begin to think about the chosen topic for a couple of hours or even days before beginning. A brief search of the chosen topic to ensure enough information is available to support research
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company but not fully. This is true that if there will be no customers to purchase the things than how can we any company can grow or stand in market? So customer’s satisfaction and their demand is very major factor to the success of any business. I think all business organizations are dependent upon their customers‚ if they do not develop cutomer loyality and satisfaction than they can loose their customers. And without Customers the organization would not exist. Customers satisfaction is at the heart
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Multinational business in China 30 years ago‚ “China” was a well-knowing name that had entered people’s life all over the world‚ by the images of “Made in China”‚ “Factory of world”. China is the oldest country which has long history‚ lot of tradition‚ and multicultural heritage. Also China is the third largest land nation with rich natural resources‚ and the largest population about 1.3billions people. About the geography of China - located east Pacific coast of Asian mainland; northern border
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long-term investment in China Introduction Every country has its own rules and regulations according to the needs‚ requirements and environment of the business in that country. So for any company‚ thinking to expand the span of business to another country and wants to invest for long term in that country‚ especially where production in that country involves‚ it is very important to understand the business environment‚ government policies‚ restrictions and future perspective of business in that country
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Before doing any type of business in China one must get familiar with the Chinese business culture. According to Hofstede’s analysis‚ China ranks very high in long term orientation‚ very low in individualism‚ high in power distance‚ and average in masculinity and uncertainty avoidance. In my opinion I still believe these behaviors or cultural dimensions are very accurate. The culture here believes in overcoming obstacles over time which is part of Hofstede’s long term orientation dimension. This
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At the age of 8 I knew that my parents didn’t have a higher education‚ which they are not at fault‚ but it did create some challenges for me when it came to doing my homework. For example‚ when I was in the third grade‚ I would ask my mother or father for help on my homework‚ but it resulted in them being too tired from work or not understanding the content. Realizing this problem was disheartening because that meant that I couldn’t rely on my parents for homework help. Therefore‚ in order to overcome
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retentious or standoffish personalities‚ although business is considered to be relaxed. Acting informal before a relationship is built is discourteous and Greek business colleagues may get quiet when they have been offended. Business meetings are necessary‚ however should be made 1-2 weeks in advance and confirm by telephone. Many business people eat lunch between 1 and 3 p.m.‚ so this not an optimum time to schedule a meeting. Have materials including business cards printed in both English and Greek. Meetings
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Business ethics is not just a set of rules that dictate how to behave on business meetings. In extreme situations‚ it is the key to the success in negotiations‚ but its ignorance can cause failure of the entire undertaking. Especially when parties that attempt to cooperate are different culturally and mentally‚ as in the case of ’western countries’ and the Middle Kingdom. Social bond as a base for successful business Chinese entrepreneurs are characterized by pro-social approach. This means that
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