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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INDIVIDUAL ACADEMIC PAPER Individual Academic Paper Lascelles Lee Jr. University of Phoenix An individual must combine the personal‚ organizational‚ and cultural values and ethics that they have learned in life to be able to succeed in a global setting. Values have been subdivided into instrumental values (modes of behavior) and terminal ones (values pursued for their own sake). Whereas terminal values are self-sufficient‚ and desired states of existence that a person strives to achieve
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United Arab Emirates Country Notebook Cultural Analysis Executive Summary United Arab Emirates is a country that is built of several different emirates located on the peninsula of the Persian Gulf. The country was occupied by Great Britain up until 1971. After the removal of the British government the seven Sheikdoms became independent and formed the UAE. The country has a typically desert climate with ocean access on both sides of the country. Located in the Middle East the
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Executive Summary This assignment is an analysis on PEST environment for Japan‚ prepared for the audience who are several managers from the Food and Beverage industry interested in Foreign Direct Investment (FDI) in Japan. The following pages discuss the political-legal environment‚ economy environment‚ social-culture environment and technological environment in Japan allowing with random but related issues in each environments. Before any attempt on FDI in Japan‚ it is important for potential investors
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Why cultural awareness is important in business? INTRODUCTION The main objective of the academic essay is to explain why cultural awareness is important in business. It demonstrates about culture and the uses of it in business. Communication is a vital element in a business both internally and externally as it is a source of exchanging information. Corporate culture is a part of communication which is introduced. The essay includes barriers to communication and their consequences‚ to rectify
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13 6. Global Factors: 14 6-1 -Political 14 6-2 -Social 15 6-3 -Economic 17 6-4 -Technological 18 6-5 - Legal 19 7. Conclusion 20 8. Reference 21-22 1-Abstract Successful global business strategy addresses the operational and executive issues enterprise face when looking internationally for few opportunities. Attend successful global operations to develop
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decision-making vs. decentralized decision-making: Informal procedures vs. formal procedures. High organization loyalty vs. low organization loyalty: Cooperation vs. competition Short terms horizons vs. long-term horizon Stability vs. innovation: BUSINESS STRATEGIES 6 Ethnocentric Parochial Synergetic CONCLUSION 6 BIBLIOGRAPHY 7 INTRODUCTION Nowadays‚ the interaction among people from different countries is more diffused compared to three decays ago. Different cultures interact
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M. (2011). Adidas sees opportunity in sustainability. Forbes. Retrieved from http://blogs.forbes.com/marcbabej/2011/03/22/adidas-sees-opportunity-in-sustainability Elfes‚ H. (2011). Adidas rises after forecasting higher profit‚ sales for year. Business Week. Retrieved from http://www.businessweek.com/magazine/content/10_21/b4179022112034.htm Elfes‚ H. & Jarvis‚ P. (2010). Adidas predicts 2011 growth on China rebound‚ Russia. Businessweek. Elfes‚ H. & Steele‚ M. (2011). Adidas debuts lightest
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Turning off of I-70 onto the Range Line exit‚ you coast down the hill‚ and come to a stop at the red light. Right outside of your driver’s window‚ not two feet away‚ is a man standing. He’s holding up a cardboard sign‚ and looking out of the corner of your eye‚ you read‚ "Hungry. Homeless. Anything helps. God bless." His facial hair is out of control‚ his clothing is tattered and filthy‚ and you can see his big toe popping out of the tip of his tennis shoe. The man clearly looks like he is struggling
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established middle income economy with wide variations in levels of development. Thus‚ today Brazil is South America’s leading economic power and a regional leader. 2. Cultural Analysis of Brazil Due to its history Brazil is a multicultural country (intercultural disparity index of 143 = very high‚ based on Hofstede’s cultural dimensions). Especially in the 19th and 20th centuries it attracted over 5 million European (mainly German‚ Poles‚ Italy‚ Portugal and Spain) and Japanese immigrants that
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