extent in which culture‚ as a factor‚ have been involve in shaping up the choice of business ventures‚ particularly in the Asia context. Although the literature covers a wide variety of such theories and studies‚ this chapter will focus along the concepts of 3 main themes which will emerge repeatedly throughout the literature reviewed. These themes are: national and organizational culture of companies in Asia country‚ the role of culture and its importance in the area of business practices and decisions
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answer it‚ let us see what is meant by culture. Culture is simply how a people live. It involves many things‚ -namely their dress‚ food‚ art and literature‚ their hopes and fears. These things are moulded by the impact of time‚ geography and history of the place. Even when given the same natural conditions people do not develop the same culture. A conspicuous example is the cultures about the Mediterranean Sea. But the accidents of history are such that no culture can be said to exist apart in its
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Give and defend your opinion on how a person could acquire cultural intelligence. Create a scenario of corruption faced by an overseas employee and hypothesize how he/she could combat the corruption. You are the production manager of a firm headquartered in Canada‚ New Generation Cars (NGC)‚ which has developed a new technology of car manufacturing with hydrocarbon fuel cells‚ resulting in much greater fuel efficiency. NGC plans to introduce the car prototype at the international car show
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of the most well known companies that has done business overseas is McDonald ’s corporation. While this expansion worked well for the company in the beginning by 2002 the corporation was looking to close 175 stores overseas. (Webpro‚ 2002) What legal or political barriers did the company have to overcome? Each country has a different set of laws to govern the way in which companies may operate in there country‚ employee benefits and rights‚ how they can import products and export products‚
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relation to whether cultures are eroded by foreign cultural influences including media Along with the development of technology‚ especially the internet and media‚ globalization has risen rapidly throughout the world. The impacts of globalization have been the focus of a number of recent academic studies on global cultural influence. Some scholars argue that the foreign cultural influences‚ especially imported media‚ may erode local culture. Others claim that pure culture has not existed or cultural
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operate in more than one country. Developing countries are the host countries and have become the object of study as there are many questions regarding the benefits of hosting a MNC. Are MNCs contributing to the sustainable development of a developing country? Or‚ do they simply exploit developing countries creating a country dependent on that MNC for their own economic‚ social and ecological growth? Apparently they are transferring new technologies to a developing country‚ the introduction of sophisticated
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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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Working in a foreign country can be a great experience‚ it can also be the biggest mistake of your life. The stress of living in an alien environment can shatter the most stable of relationships and leave you wondering just where your career is heading. Are you ready for the change? Just because you’ve travelled a lot doesn’t make you immune from culture shock. It didn’t take Antonio long to realise his family’s relocation to Brazil was going to be more complex than expected. When his wife‚ Marion
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there have always been foreign influences on every culture. When it comes to the Turkish culture‚ having a wide geographic area‚ being located between Europe and Asia‚ playing a role as a host to hundreds of cultures are determiner factors for Turkish culture to be influenced by foreign cultures. In today’s world interaction between cultures happens more easily and quickly because of the mass media‚ guest workers living in foreign countries‚ TV series‚ literature‚ and music culture. Chinese‚ Arabic‚ Persian
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Doing Business in the Visegrad Group : Czech Republic‚ Hungary‚ Poland and Slovakia Monika Chabanová Basic Information Czech Rebublic Capital City Surface Population Currency PRAGUE 78 867km² 10 505 445 Czech Koruna (CZK) Hungary BUDAPEST 93 036 km² 9 938 000 Forint (HUF) Poland WARSAW 312 685 km² 38 538 447 Zloty (PLN) Slovakia BRATISLAVA 49 035 km² 5 397 036 Euro (EUR) Official language Logo Czech Hungarian Polish Slovak Prime Minister Petr Nečas Viktor Orbán
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