Globalization Note Series Pankaj Ghemawat and Sebastian Reiche National Cultural Differences and Multinational Business The eminent Dutch psychologist‚ management researcher‚ and culture expert Geert Hofstede‚ early in his career‚ interviewed unsuccessfully for an engineering job with an American company. Later‚ he wrote of typical cross-cultural misunderstandings that crop up when American managers interview Dutch recruits and vice versa: “American applicants‚ to Dutch eyes‚ oversell themselves
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Business Culture and Strategy Submitted by Ma Yudian (Candidate No.095512658) International College Central South University of Forestry and Technology October 2010 contents 1. INTRODUCTION…………………………………………………………………….…..3 2.1 PESTEL……………………………………………………………………….…..3 2.2 SWOT analysis……………………………………………………………………4 2.3 How to conduct SWOT analysis…………………………………………….…….5 3.1 Organisation culture in JD Wetherspoon………………………………………….5 3.2 The type of culture
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Clean Energy to ASEAN countries; the duration of the incorporation processes and restrictions differ widely between each country‚ and there are procedural steps which need to be considered. A good indicator used to compare countries in terms of legal restrictions in foreign businesses is the ease of establishment index‚ which bases itself on areas such as the minimal capital requirements‚ requirements of an investment approval‚ availability of electronic services or business registration processes
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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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Business Culture in Serbia Abstract: The purpose of this paper is to outline the various business challenges and cultural drivers in the Republic of Serbia. The findings in this paper will also help build a list of suggested investment domains in Serbia. Why Invest in Serbia: Serbia’s geographical position‚ astride the major communications routes through the Balkan peninsular to the Asian sub-continent provides businesses in the region a significant competitive advantage. While risk is always
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Germany’s Business Culture In today’s global market it is essential to understand a country’s culture in order to be able to form and maintain a positive business relationship. Culture is something that is taught and shared‚ it sculpts the way people interact with others‚ handle situations‚ and solve problems. It is formed by values‚ society norms and historical factors. It explains why and how multinational corporations and international partnerships succeed or fail. Structure The business
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Introduction Twelve years ago‚ the notorious case of Enron attracted people’s attention on business ethic. Until now‚ some issues are still worth pondering. This essay is going to argue the issues that raised by the case in terms of managing and making decisions in business ethics‚ and the corporate citizen and its stakeholders. Enron‚ the world’s largest energy trader‚ went bankrupt in a short period. It is not hard to discover when search further into the case that the collapse of the entity
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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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limit. Some cross-cultural differences will not disappear so easily and managers will have to understand and appreciate these cultural oddities’ if they wish to run a successful business. Let us take China and France as examples of two very different countries that may have cross-cultural problems while doing business. First we will give a general overview of the two countries and then discuss some management practices that may vary between these eastern and western cultures. General Overview:
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Background Fast food culture‚ which began in the United States from the last century. Nowadays it has spread all over the world because of its convenience and cheapness. Especially in Asian countries that where are living on rice‚ the sudden increase of fast food restaurants have brought major changes in conventional food culture. For example‚ the amount of importation beef which is indispensable to a hamburger has increased since hamburger restaurants expanded into Japan in the 1970s. On the other
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